Bitmine Immersion Discloses 6.06M ETH Holdings Worth $14.5B
Bitmine Immersion Technologies says it holds 4.9% of total ETH supply, with combined crypto assets, cash, and securities reaching $14.5 billion.
Bitmine Immersion Technologies (BMNR) has disclosed that its Ethereum holdings stand at 6.06 million tokens, representing approximately 4.9% of the total circulating ETH supply of 122.2 million, according to a company announcement. The combined value of its cryptocurrency holdings, liquid assets, and marketable securities has reached $14.5 billion.
The company said it has covered 99% of the distance toward what it calls the "Alchemy of 5%" threshold — a self-defined benchmark for ETH accumulation — in just 15 months. The pace of accumulation signals an aggressive treasury strategy centered on Ethereum as a core reserve asset.
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Bitmine also offered commentary on the recent theft at Binance, framing the incident not as a sign of systemic vulnerability but as evidence of the broader cryptocurrency sector's resilience. The company outlined six reasons it believes the breach underscores the industry's underlying strength, though the specifics of that analysis were contained in a separate publication released July 7.
The disclosure places Bitmine among a small group of publicly traded companies amassing significant on-chain positions in major cryptocurrencies. Its holdings strategy draws comparisons to MicroStrategy's well-publicized Bitcoin accumulation model, adapted here for Ethereum. The scale of its ETH position, relative to total supply, makes the company a notable participant in the digital asset market.
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