Bitmine Immersion Technologies (BMNR) has completed 94% of its plan to accumulate 5% of Ethereum’s total supply.
Bitmine on Monday disclosed that it purchased more than 27,000 ETH last week, lifting its total holdings to 5.7 million ETH, representing 4.7% of all Ethereum in circulation. The company also announced its inclusion in the Russell 1000 Large-cap Index, which it expects will attract additional institutional investors.
In total, Bitmine has about $9.8 billion in assets, including crypto, cash, marketable securities, and strategic investments.
Beyond its leading Ethereum treasury, the firm also owns 206 BTC, maintains $555 million in liquidity, holds a $180 million investment in Beast Industries, and owns $74 million of Eightco, one of the few publicly listed companies offering investors indirect exposure to OpenAI.
Operationally, Bitmine continues to scale its institutional staking platform, MAVAN, with approximately 4.9 million ETH already staked, representing more than 85% of its Ethereum holdings.
