BitMine owns 3% of ETH supply, $12.1 billion in crypto holdings.

BitMine, a cryptocurrency company, owns over 3% of the Ethereum token supply, worth $12.1 billion, including 3.73 million ETH tokens, $882 million in unencumbered cash, and other crypto holdings. The company is accelerating its Ethereum accumulation ahead of the Fusaka upgrade, which is expected to improve scalability and security. BitMine leads its peers in raising crypto net asset value per share and trading liquidity. The company is supported by institutional investors such as ARK's Cathie Wood and Galaxy Digital.