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HONG KONG — Bitmine Immersion Technologies (BMNR) has announced that its Ethereum ($ETH) holdings have reached 5.62 million tokens, representing 4.66% of the cryptocurrency's total supply of 120.7 million.
The company's combined crypto and cash reserves stand at $10.4 billion, placing the Ethereum position at the core of Bitmine's balance sheet.
The Scale of a 4.66% Network Stake Measured against a total ETH supply of 120.7 million tokens, Bitmine's 5.62 million holdings amount to nearly one in every twenty-two coins in existence.
That ratio distinguishes the company from listed peers that typically disclose crypto treasury allocations measured in fractions of a percentage point of any network's outstanding supply.
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