Published • loading... • Updated
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.93 Million Tokens, and Total Crypto and Total Cash Holdings of $15.7 Billion
- Bitmine Immersion Technologies announced total holdings of $15.7 billion, with Chairman Thomas Lee reporting the company reached 97% of its "Alchemy of 5%" goal to acquire 5% of total Ethereum supply within 15 months.
- Weekly ETH acquisitions since June 30, 2025 have driven the accumulation; Bitmine now stakes 5,067,309 ETH worth $12.6 billion while its MAVAN platform projects $330 million in annualized staking revenues.
- Chairman Tom Lee reported Bitmine common stock gained 99% this quarter, far outpacing the Russell 1000 benchmark's 3% gain; however, unrealized losses on the treasury asset reached $5.1 billion according to market data.
- Over the past week, Bitmine acquired 28,086 ETH worth approximately $69.4 million at Tuesday's ether price of $2,472, solidifying its position as the world's largest publicly listed Ethereum treasury.
- Positive catalysts including the CLARITY Act vote scheduled for mid-September and the 4-year crypto cycle bottoming could drive gains, as technical analyst Tom DeMark anticipates a sharp upward move in ETH.
Insights by Ground AI
29 Articles
29 Articles
BitMine buys 28,086 ETH amid Tom Lee’s bullish outlook
BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. BitMine’s Ethereum treasury has reached 5.93 million ETH BitMine said in…
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.93 Million Tokens, and Total Crypto and Total Cash Holdings of $15.7 Billion
Bitmine owns 4.9% of the total ETH coin supply of 122.0 million Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months Crypto equities are largest...
·Chicago, United States
Read Full Article
Bitmine Immersion Technologies, a US company that holds Ethereum (ETH) as a financial reserve asset, has... The post Bitmine acquires an additional 28,000 ETH—holdings now represent 4.9% of total supply first appeared on NADA NEWS.
Coverage Details
Total News Sources29
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
Factuality
To view factuality data please Upgrade to Premium
