BitMine Immersion Technologies purchased 32,447 ETH in one week, bringing its holdings to 5,847,611 ETH, representing approximately 4.8% of the 120.7 million ethers in circulation. It now needs only 187,389 more units to reach its 5% network target called « Alchemy of 5% ». At the reference price of $2,440, the company’s crypto portfolio is valued at $14.9 billion. Out of its 5.85 million ethers, 5,067,309 are staked, representing 87% of the treasury, targeting an annualized revenue of approximately $330 million. No other listed company holds a comparable Ethereum treasury, with BitMine positioning itself as the world’s largest ETH treasury.
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