Bitmine Reports 6.03M ETH Holdings, Nears 5% Supply Target

Bitmine Immersion Technologies disclosed Monday that its ether treasury had reached 6.03 million ETH. The company said the holdings account for 4.9% of Ethereum’s circulating token supply.

That puts Bitmine within 0.1 percentage point of its stated goal of owning 5% of circulating ether. The disclosure marks a further step in the company’s accumulation strategy.

The company also reported combined holdings valued at $16.2 billion. That figure covers its overall holdings rather than a separately stated valuation of the ether treasury.