BitMine Immersion Raises ETH Holdings to 3.24 Million Tokens

1d ago

BitMine Immersion Technologies Inc. (NYSE: $BMNR), a cryptocurrency mining and treasury firm, said on Monday that its combined holdings of cash, crypto and “moonshot” investments reached approximately US$13.4 billion as of October 19, 2025.

The holdings include 3,236,014 Ether (CRYPTO: $ETH), which the company reported at US$4,022 per ETH and stated represents roughly 2.7% of the entire ETH supply. The company also holds 192 Bitcoin (CRYPTO: $BTC) and has an unencumbered cash balance of US$219 million, along with a US$119 million stake in Eightco Holdings (NASDAQ: $ORBS), referred to as “moonshot” assets.

Chairman Thomas “Tom” Lee said that BitMine acquired 203,826 ETH tokens during the prior week, pushing holdings to current levels and surpassing the company’s halfway mark toward its target of controlling 5% of the Ethereum network. “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH,” he stated.

BitMine described itself as the largest publicly-traded Ethereum treasury in the world, and the number 2 global cryptocurrency treasury overall, ranking behind only Strategy Inc. (NASDAQ: $MSTR) in terms of assets under crypto-heavy management. The company said it also achieved an average daily dollar trading volume of US$2.1 billion over five days, ranking it number 33 among U.S.-listed stocks by volume.

BitMine noted that, beyond its treasury build-out, it continues to operate mining and hosting operations in low-cost energy regions, including Trinidad and parts of Texas, but emphasised the strategic pivot toward asset accumulation.

Shares of BitMine Immersion (BMNR) are trading at US53.71, up 7.74 percent.

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