Bitmine ETH Holdings Hit 5.96 Million, Now 4.9% of Supply

Bitmine Immersion Technologies (NYSE: BMNR) said its Ethereum treasury climbed to 5,956,378 ETH as of September 13, equal to 4.9% of the network’s 122 million ETH total supply, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on September 14.

The blockchain infrastructure company said it acquired 27,180 ETH over the preceding week, lifting its combined crypto, cash, and marketable securities holdings to $15.8 billion.

The Treasury Milestone The release, quoting Chairman Thomas “Tom” Lee, values the ETH position at $2,513 per coin using Coinbase pricing.

Alongside its Ethereum, Bitmine reported 212 bitcoin, a $180 million stake in Beast Industries, a $98 million stake in Eightco Holdings (NASDAQ: ORBS), and $549 million in cash and marketable securities.