"( BitMine Immersion Technologies (NYSEAMEX:BMNR) surprised the market on Monday by declaring it had purchased another 77,055 tokens of EthereumCRYPTO:ETH), giving it a total of 3,313,069. This represents 2.8% of the total ETH circulating supply of approximately 120.7 million tokens. At a price of $4,164 per ETH, the stake is valued at $14.2 billion, forming the core of BitMine's $14.2 billion in combined crypto, cash, and other holdings."
"Chairman Thomas Lee, co-founder of Fundstrat Global Advisors, described the acquisition as part of a broader strategy to reach 5% of Ethereum's supply, a goal the company calls the "Alchemy of 5%." Lee pointed to improving U.S.-China trade relations and historical correlations between crypto and equity markets as supportive factors. BitMine now ranks as the ( ( (NASDAQ:ORBS) - what the company largest corporate holder of ETH worldwide. Its total treasury trails only StrategyNASDAQ:MSTR), which holds 640,418 BitcoinCRYPTO:BTC) worth about $73 billion. BitMine's portfolio also includes 192 BTC, an $88 million position in Eightco Holdingscalls its "moonshot" portfolio - and $305 million in cash."
BitMine Immersion Technologies acquired 77,055 ETH, raising its total to 3,313,069 ETH, about 2.8% of circulating supply. The ETH stake is valued at $14.2 billion at $4,164 per ETH and anchors BitMine's $14.2 billion combined crypto, cash, and other holdings. Chairman Thomas Lee framed the purchase as a step toward a 5% Ethereum supply target called "Alchemy of 5%," citing U.S.-China trade improvements and crypto-equity correlations. BitMine plans to activate validators to earn 3–4% staking rewards and emphasizes Ethereum's role in DeFi, smart contracts, and scaling upgrades, attracting institutional interest.
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