BitMine Immersion adds 5,000 ETH, now controls nearly 5% of supply

NYSE-listed BitMine Immersion Technologies announced a fresh purchase of 5,000 Ethereum (ETH) valued at approximately $11.22 million, increasing its total ETH holdings to around 6.06 million. This accumulation puts the company close to holding 5% of all circulating Ethereum, a target it set previously. BitMine Immersion Technologies specializes in large-scale digital asset management and crypto infrastructure solutions. The firm’s latest purchase brings it to about 99% of its stated goal to control 5% of Ethereum’s circulating supply. According to data from November 1, BitMine’s Ethereum holdings now stand at 6,060,506 ETH, collectively valued near $13.7 billion. The transaction was first noted by blockchain analytics platform Lookonchain, which tracks high-profile cryptocurrency movements and published the update on social media.

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