Bitmine’s Ethereum Hoard Surges Past 5.28 Million ETH as Company Nears 5% Supply Target
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Bitmine Immersion Technologies said its Ethereum holdings rose to 5.28 million ETH, representing about 4.37% of Ethereum’s 120.7 million circulating supply. The firm reported combined crypto, cash, and "moonshot" holdings of $12.6 billion as of May 17, a large concentration that could affect ETH liquidity and signals significant institutional adoption and funding for crypto assets.
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Bitmine Immersion Technologies announced that its Ethereum holdings have risen to 5.28 million ETH. This gives the company ownership of about 4.37% of Ethereum’s total circulating supply of 120.7 million ETH.
The company said its combined crypto, cash, and “moonshot” holdings now total $12.6 billion as of May 17.
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