Bitmine Immersion Technologies announced its Ethereum holdings reached 5.77 million tokens (~4.8% of total ETH supply) and its total cryptocurrency and cash assets amount to $11.3 billion. The disclosure signals a major institutional exposure to Ethereum, potentially influencing market perceptions of the token and highlighting growing corporate treasury allocations to digital assets. Who is involved: Bitmine Immersion Technologies (BMNR), the Ethereum network, and the Russell 1000 index committee.. Likely next: Bitmine may continue accumulating ETH to reach the 5% supply threshold (~6.04 million ETH) and could see index‑fund flows related to its Russell 1000 inclusion.. Bitmine Immersion Technologies (BMNR) disclosed that its Ethereum holdings have reached 5.77 million tokens, representing about 4.8% of the total Ether supply of 120.7 million. The firm also said its combined cryptocurrency and cash positions now total $11.3 billion. The announcement follows BMNR's inclusion in the Russell 1000 Large-cap index on June 26, 2026. Likely next events: Reach 5% of total ETH supply (~6.04 million ETH) Sectors affected: Ethereum token market Large‑cap equity index funds (Russell 1000)
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