Bitmine Immersion Technologies now holds 5.82 million ETH, valued at $11 billion, approaching its 5% ownership target.
Bitmine Immersion Technologies acquired 9,926 additional Ethereum tokens for $19 million, increasing its total ETH holdings to 5.82 million. The firm’s crypto treasury is now valued at $11.4 billion, including cash and other assets.
The company’s Ethereum position represents 4.8% of the 120.7 million circulating supply, nearing its 5% ownership goal set 14 months ago. Bitmine also holds $13.4 million in Bitcoin, $78 million in cash, and stakes in other firms totaling $253 million.
Chairman Tom Lee stated the rising ETH/BTC price ratio signals growing confidence in tokenization and AI applications. The firm has staked over 5 million ETH through its MAVAN validator network.