BitMine Immersion Technologies ($BMNR) said it now holds roughly 5.77 million Ethereum (ETH), making it the world’s largest corporate holder of the asset and giving it control of about 4.8% of ETH’s total supply—an unusually concentrated position that underscores how aggressively some public companies are moving to build crypto-heavy balance sheets. In a statement issued Saturday UTC (July 12), the company said the stash brings it to about 96% of its internal target dubbed the ‘Alchemy of 5%’—a goal framed around accumulating 5% of Ethereum’s supply.
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