Bitmine Immersion Technologies has amassed 4.8% of the total Ethereum supply, amounting to roughly 120.7 million coins, bringing the crypto-mining firm within striking distance of chairman Tom Lee's stated goal of acquiring 5% of all Ether.
The company reached 96% of its 'Alchemy 5%' target in just 12 months and was added to the Russell 1000 Large-cap index on June 26, 2026. Its Series A preferred shares trade on the New York Stock Exchange under the ticker BMNP.
Bitmine reported a nine-month net loss of US$9.11 billion against US$59.87 million in revenue. The firm remains backed by institutional investors including ARK's Cathie Wood, Founders Fund, Pantera Capital, Kraken, Galaxy Digital, and private investor Tom Lee.