BitMine Surpasses 2 Percent of Ethereum Network with Major Holdings

BitMine's Significant Milestone in the Ethereum Space

BitMine Immersion Technologies, operating under the ticker symbol BMNR on the NYSE American, has recently reported a remarkable milestone: the company now controls over 2% of the Ethereum network's total supply. This significant accumulation amounts to 2,416,054 ETH tokens, valued recently at approximately $4,497 each. In addition to its Ethereum holdings, BitMine maintains a diverse portfolio that includes 192 Bitcoin (BTC) and a notable stake in Eightco Holdings (NASDAQ: ORBS), summing up to a total asset value exceeding $11.4 billion, which encompasses both cryptocurrencies and liquid cash.

The company, recognized as the largest ETH treasury globally, continues to pursue its ambitious goal of acquiring 5% of the Ethereum supply, an initiative it refers to as the “Alchemy of 5%.” This strategic aim comes on the heels of a rapid ascent in both their Ethereum holdings and overall market presence. As of September 21, 2025, BitMine has experienced a trading volume reaching an impressive $3.5 billion per day, marking it as one of the most actively traded stocks in the U.S.

Thomas “Tom” Lee from Fundstrat, who chairs BitMine, elaborated on this ambitious growth through Ethereum, stating, "The convergence of Wall Street moving toward blockchain technology, along with the influence of AI, is anticipated to ignite a supercycle for Ethereum. Our holdings position us favorably during this transition."

BitMine's strategies are closely aligned with the evolving landscape of cryptocurrency regulations and emerging market opportunities. The recent efforts by the SEC with initiatives like the GENIUS Act signify a transformative wave for the finance sector, reminiscent of historical reforms, such as those following the abandonment of the Bretton Woods system in 1971. These contemporary changes are believed to favor major holders of ETH and could lead to broader acceptance and integration of Ethereum technologies across various financial services.

As BitMine continues to strengthen its footing in the cryptocurrency market, it captivates a wide array of institutional support, with notable investors including Cathie Wood from ARK Invest, Pantera Capital, and Galazy Digital among others. This backing not only enhances BitMine's credibility but also positions it advantageously as it strives toward achieving its goal of capturing 5% of the Ethereum market.

The operational strategy of BitMine focuses on optimizing their cryptocurrency holdings for long-term investment. They engage in activities ranging from Bitcoin mining to providing advisory services. The company aims to enhance its net asset value (NAV) per share, ensuring shareholder returns parallel with the growth of their crypto treasury. BitMine operates in cost-effective energy locations throughout the U.S., including regions in Trinidad and Texas.

In light of these developments, investors and analysts are watching closely, anticipating how BitMine will navigate future market challenges and regulatory landscapes. With Ethereum projected to be one of the most significant macro trades over the next 10 to 15 years, BitMine’s roadmap indicates it will remain a pivotal player in the evolving cryptocurrency ecosystem.

For more detailed insights and up-to-date information, interested parties can visit BitMine's official site and sign up for announcements regarding further developments as BitMine accelerates its journey toward pivotal cryptocurrency market ownership.