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Bitmine Immersion Technologies holds 4.8% of all ether, 96% of the way to its 5% target

7/20/2026

Owning 4.8% of a public blockchain's entire token supply in roughly 12 months is an unusual corporate result.

Bitmine Immersion Technologies has reported $ETH holdings of 5.78 million tokens, placing it 96% of the way to what it calls the "Alchemy of 5%," with total crypto and cash holdings of $11.5 billion.

The case for that accumulation pace exists; the risk is what a near-5% stake in a decentralized network actually means when it is used. Closing in on 5% The total ETH supply sits at 120.7 million coins.

Bitmine's 5.78 million tokens give it a 4.8% share. The company reached this position in just 12 months.