BitMine Announces Crypto Holdings Exceeding 2% of Ethereum Supply

Summary

BitMine Immersion Technologies, Inc. announced on September 22, 2025, that its crypto holdings, including 2.416 million ETH tokens, exceed 2% of the Ethereum network's total supply. The company's total crypto and cash holdings amount to $11.4 billion, with ETH tokens valued at $4,497 each, 192 Bitcoin, a $175 million stake in Eightco Holdings, and $345 million in unencumbered cash. BitMine's Chairman, Thomas 'Tom' Lee, emphasized the company's goal to reach 5% of ETH supply, citing the convergence of Wall Street and AI with blockchain technology as a significant macro trade opportunity.