Bitmine Immersion Technologies (NYSE: BMNR) increased its ether treasury to 5.67 million ETH tokens, giving it control of 4.7% of the world's second-largest cryptocurrency, the company said Monday.
At $1,733 per ETH, the Ethereum treasury is worth roughly $9.8 billion, positioning Bitmine as the largest corporate ether holder globally and the second-largest corporate crypto treasury overall, trailing only Strategy Inc.'s $54 billion bitcoin position, according to a statement.
The company's total crypto assets, cash, marketable securities and strategic investments, which the firm refers to as "moonshots," like its partnership with Beast Industries, reached $10.7 billion as of June 21.
The latest figure marks an increase of 52,203 ETH over the prior week and places Bitmine 94% of the way toward its stated "alchemy of 5%" target, representing 5% of ether's 120.7 million-token supply.
Chairman Tom Lee said the company continues to maintain a steady pace of accumulation throughout 2026, adding that "we are in the early stages of crypto spring."
