MarketPR
The filing put $ETH in focus: Bitmine Immersion Technologies (BMNR) disclosed Ethereum holdings of 5.77 million tokens, a stake equal to 4.8% of the coin's total outstanding supply of 120.7 million.
The company's combined crypto and cash position reaches $11.3 billion.
The holdings in context 5.77 million tokens against a 120.7 million total supply puts BMNR among the largest disclosed holders of $ETH by percentage of outstanding coins.
Tokens on a corporate balance sheet are not circulating on the open market, and the 4.8% figure represents that share of total supply sitting off the tape.
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