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Bitmine Immersion Technologies (BMNR) disclosed that its $ETH holdings have reached 5.70 million tokens, representing 4.7% of the total Ethereum supply of 120.7 million coins.
The company's combined cryptocurrency and cash holdings stand at $9.8 billion.
Nearing a Self-Imposed Supply Target The milestone places Bitmine at 94% of its stated "Alchemy of 5%" objective — a goal to accumulate 5% of the total circulating Ethereum supply.
The company reached that threshold in 11 months, according to the disclosure.
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