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Bitmine's $ETH stake reaches 4.8% of total supply as combined holdings hit $11.5 billion

7/20/2026

Owning 4.8% of a cryptocurrency's entire circulating supply means one entity is large enough to move prices when it buys or sells. That is now Bitmine Immersion Technologies (BMNR).

The company holds 5.78 million $ETH tokens against a total supply of 120.7 million coins, and its combined cryptocurrency and cash holdings stand at $11.5 billion.

What the 4.8% number means Circulating supply is the count of tokens that currently exist in the market and are available to trade.

Bitmine's position is measured against that figure: 5.78 million tokens out of 120.7 million in circulation. At that scale, the company's buying and selling decisions carry weight an ordinary holder does not have.