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Bitmine Immersion Technologies (BMNR) has disclosed $ETH holdings of 5.70 million tokens — 4.7% of the 120.7 million coins in total circulation — with combined crypto and cash assets of $9.8 billion.
Built over approximately 11 months, the position has carried Bitmine 94% of the way to the threshold it calls "5% Alchemy." The announcement follows the company's addition to the Russell 1000 Large-cap index on June 26, 2026.
Eleven Months to 4.7% of Circulating Supply The accumulation timeline reflects sustained, large-scale capital deployment.
Bitmine assembled its 5.70 million $ETH position over roughly 11 months, though no per-token average cost was disclosed in this announcement.
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