Bitmine says it holds 5.77 million ETH, equal to 4.8% of supply

The company said its combined crypto, cash and marketable securities totaled $11.3 billion as of July 12, underscoring the scale of its Ethereum treasury.

Summary

Bitmine said its Ethereum holdings reached 5.77 million ETH, representing 4.8% of the token’s total supply. The company also said its combined crypto, cash and marketable securities holdings totaled $11.3 billion as of July 12. The disclosure highlights the size of Bitmine’s balance-sheet exposure to Ethereum and points to a treasury strategy built around holding digital assets alongside more traditional liquid reserves.

Terms & Concepts
  • ETH: Native token of the Ethereum network.
  • total supply: The total amount of tokens that currently exist.
  • marketable securities: Liquid financial assets that can be sold quickly.