Bitmine reaches 5.54M ETH tokens worth $9.6B, 4.59% of total supply

Bitmine Immersion Technologies announced crypto and cash holdings of $9.6 billion, including 5.54 million ETH tokens and $247 million in cash, representing 4.59% of total ETH supply. The company is pursuing its stated goal of acquiring 5% of Ethereum amid growing institutional demand driven by tokenization and AI infrastructure needs.