BitMine Immersion (BMNR) Achieves Significant Ethereum Network Stake and $11.4 Billion in Holdings
BitMine Immersion (BMNR) Achieves Significant Ethereum Network Stake and $11.4 Billion in Holdings
BitMine Immersion (BMNR) Exceeds 2% of Ethereum Network Supply with $11.4 Billion in Total Holdings BitMine Immersion (BMNR) has announced a significant milestone, revealing that its Ethereum (ETH) holdings now exceed 2% of the entire Ethereum network supply. This remarkable achievement comes with total crypto and cash reserves soaring to an impressive $11.4 billion. The company, a prominent player in the Bitcoin and Ethereum space, is actively pursuing an ambitious goal to further consolidate its position, aiming for what it refers to as the 'Alchemy of 5%' of the ETH supply. This announcement positions BitMine as a leading entity in the cryptocurrency investment landscape, demonstrating a robust accumulation strategy for long-term growth and strategic market influence. Unpacking BitMine's Vast Crypto and Cash Portfolio As of September 21, 2025, BitMine's substantial holdings include 2,416,054 ETH tokens, valued at $4,497 per ETH according to Bloomberg data. Beyond its d…