MarketPR
Bitmine Immersion Technologies (BMNR) has disclosed that its $ETH position has reached 5.62 million tokens, lifting total crypto and cash holdings to $10.4 billion.
The accumulation places the company at 4.66% of Ethereum's total circulating supply of 120.7 million tokens — and 93% of the way toward its self-described "Alchemy of 5%" threshold.
That progress has been made in just 11 months. The 5% Target and What It Signals The "Alchemy of 5%" is Bitmine's stated strategic benchmark: becoming a holder of 5% or more of all outstanding ETH.
At 4.66% of a 120.7 million-token supply, the gap between current holdings and that threshold is narrowing fast.
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