Bitmine Immersion Technologies Achieves Major Milestone with 5.85 Million ETH Tokens and $14.9 Billion Holdings

Bitmine Immersion Technologies Reaches ETH Milestone

In a significant development for the cryptocurrency sector, Bitmine Immersion Technologies, Inc. (NYSE: BMNR) has proudly announced its ETH holdings of 5.85 million tokens, amounting to a staggering $14.9 billion in total crypto and cash assets. With this accomplishment, Bitmine now controls 4.8% of the total ETH supply, marking a dramatic increase in their market presence.

The announcement, made on August 24, 2026, denotes a period of aggressive accumulation for Bitmine, having reached 97% of its goal to achieve 5% of the total ETH supply—an initiative referred to as the 'Alchemy of 5%'. Over the past week alone, the price of ETH surged by nearly 30%, representing the largest weekly increase since May 2025. This price jump is considered an omen of future growth, echoing past performance trends in which significant weekly gains were often followed by even larger surges.

Strategic Investments and Institutional Support

Bitmine's strategy has involved meticulous investments, including a reported stake of approximately $12.4 billion in ETH alone. The company is now pushing forward with their ETH Treasury Strategy, accumulating ETH on a weekly basis since June 30, 2025. Thomas