BitMine Immersion Technologies (BMNR) announced crypto BitMine crypto + cash + “moonshots” holdings totaling $11.4 billion. As of September 21st, the Company’s crypto holdings are comprised of 2,416,054 ETH at $4,497 per ETH, 192 Bitcoin, $175 million stake in Eightco Holdings (ORBS) and unencumbered cash of $345 million. “BitMine ETH holdings now exceed 2% of supply as we move towards our ‘Alchemy of 5%’ of ETH supply. We approached holdings of 1% of ETH in early August when BitMine’s equity was $38 and as we exceed 2%, BitMine’s share price is now over $61,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. “As we mentioned in our August Chairman’s message, the convergence of both Wall Street moving onto the blockchain and AI/ agentic-AI creating a token economy is creating a supercycle for Ethereum. And the power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH.”
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