Towards the 'Alchemy of 5%'
#Bitmine ya controls 3.58% of the total
#Ethereum y reaches $10 billion in reserves
In an unprecedented financial show of strength, Bitmine Immersion Technologies (BMNR) has consolidated its position as the dominant institutional whale in the Ethereum ecosystem.
With a treasury that combines crypto assets, cash, and high-risk bets ("moonshots"), the firm has reached a total value of $10 billion, accelerating its race to own 5% of the total supply of
#ETH in record time.
Dominance in Ethereum: The firm holds 4.326 billion ETH tokens, which corresponds to 3.58% of the circulating supply. In just six months, they have completed 72% of their ambitious goal of the "Alchemy of 5%".
Large-scale Staking: Of their holdings, 2,873,459 ETH are staked (valued at $6.2 billion), generating constant yields while awaiting the launch of their own staking solution, MAVAN, scheduled for the first quarter of 2026.
Liquidity and Extreme Volume: BMNR has become a Wall Street giant, being the 107th most traded stock in the U.S., with an average daily volume of $1.3 billion.
Elite Investors: The backing is complete. The "Who’s Who" of finance supports the project: from Cathie Wood (ARK) and Pantera Capital to figures like Bill Miller III and Tom Lee.
Strategic Diversification: In addition to its $4.3 billion in ETH, the company holds $595 million in cash and recently closed a $200 million investment in Beast Industries.
#CryptoNews $ETH