BitMine Hits 2% Holdings of Total ETH Supply Target

BitMine Immersion Technologies reported on Monday that it had reached a milestone in terms of Ether holdings – 2% of the entire ￰2￱ to the announcement, the company now holds a whopping 2,416,054 ETH worth around $10 billion at current market ￰3￱ equates to 2% of the entire supply of Ether, which is 121 million tokens. BitMine’s longer-term target is 5% of the total supply, which would be around 6 million ETH. 40% Towards Long-term Target “BitMine ETH holdings now exceed 2% of supply as we move towards our ‘Alchemy of 5%’ of ETH supply,” said Chairman Tom Lee of ￰4￱ added that the firm approached 1% of ETH supply holdings in early August when BitMine’s equity was $38, “and as we exceed 2%, BitMine’s share price is now over $61.” BitMine today made two announcements: – $365.24 million registered direct offering at $70 per $BMNR share – $ETH holdings >2% of Ethereum supply or 2.4 million …keep reading Link ￰0￱ Link ￰1￱ Ticker: $BMNR Chairman:… — Bitmine (NYSE-BMNR) $ETH (@BitMNR) September 22, 2025 Lee confirmed his belief that Wall Street and AI moving onto the blockchain “should lead to a greater transformation of today’s financial ￰5￱ the majority of this is taking place on Ethereum.” Ethereum treasury companies have scooped up 5.25 million ETH so far this year, and BitMine has 46% of that total, according to ￰6￱ also announced on Monday that it raised $365 million by selling 5.2 million shares at $70 per share to an institutional ￰7￱ deal includes warrants allowing the investor to buy up to 10.4 million more shares at $87.50 each, exercisable until March ￰8￱ fully exercised, this could bring in another $913 million for ￰9￱ emphasized that BitMine is “the only large-cap US stock to give investors direct exposure to Ethereum.” BitMine stock (BMNR) tanked 10% on Monday as Ether prices pulled back ￰10￱ shares fell to $56 in after-hours trading, but remain up over 1,200% since the company started accumulating ETH in late ￰11￱ treasury companies, Strategy and Metaplanet, also acquired more BTC on ￰12￱ Prices At Support There have been no further losses in ETH prices over the last day, with the asset trading at $4,200 at the time of writing.

However, it is at the lower bounds of its six-week trading channel and clinging to support at current ￰13￱ the leverage flushout over, crypto assets appear to have stabilized, but the September correction may not be over just yet.