NewsMV
An ether ($ETH) position of 5.77 million tokens, equal to 4.8% of the 120.7 million ETH in circulation, now sits on the books at Bitmine Immersion Technologies (BMNR).
Combined cryptocurrency and cash holdings stand at $11.3 billion. The company's self-set accumulation target, which it calls "5% Alchemy," is 96% complete by its own count, inside twelve months.
The supply math behind the position 4.8% of a 120.7 million token supply is a meaningful slice of a liquid asset. Bitmine's "5% Alchemy" framing treats one-in-twenty ether as the named objective.
At that level, the company says 96% of the distance to the threshold is behind it, twelve months in. What remains is roughly 0.2 percentage points of total supply, and continued buying is the live variable in the setup.
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