BitMine Immersion is close to owning 5% of ETH's total supply, with potential to own more. AI and tokenization could drive ETH above $10,000.

Bitmine's total crypto, cash, and other investments currently stand at $14.9 billion, and it owns over 4.8% of Ethereum's circulating supply.

Bitmine is about 187,000 Ethereum short of its 5% of supply target as the company loads up on another $81 million in ETH.