BitMine Immersion Achieves Major Milestone with 2.65 Million ETH Holdings

BitMine Immersion Hits Key Milestone in Ethereum Holdings

In a powerful showcase of growth, BitMine Immersion Technologies, Inc. (NYSE AMERICAN: BMNR) has recently revealed that its Ethereum (ETH) holdings have exceeded 2.65 million tokens. This significant milestone places BitMine firmly on the map of leading cryptocurrency treasury companies, with total assets in cryptocurrencies and cash amounting to a staggering $11.6 billion. With this acquisition, BitMine now owns over 2% of the total ETH supply, steadily moving towards its ambitious goal known as the 'Alchemy of 5%'. This strategic push demonstrates BitMine's commitment to securing a robust future within the volatile crypto landscape.

As of September 28, 2025, BitMine's crypto assets comprise not only 2,650,900 ETH, valued at approximately $4,141 per token, but also include 192 Bitcoin (BTC), a $157 million stake in Eightco Holdings (NASDAQ: ORBS), referred to as 'Moonshots', and an impressive cash reserve of $436 million. This diverse portfolio bolsters BitMine's position as the leading Ethereum treasury on the market and ranks second overall globally, just behind Strategy Inc (MSTR), which secures an impressive 639,835 BTC worth around $71 billion.

Thomas 'Tom' Lee, Chairman of BitMine and a prominent figure in the financial sector, expressed optimism about the future of Ethereum, asserting, "In the remaining months of 2025, two supercycle investment themes—AI and crypto—will dominate, with Ethereum being the frontrunner because of its exceptional reliability and uptime." Lee highlighted the potential for substantial returns, asserting that the current price of ETH reflects a discount on future expectations, which bodes well for BitMine's strategic asset focus on Ethereum.

BitMine's stock is rapidly gaining traction, now among the 26th most traded stocks in the U.S., with an average daily trading volume of approximately $2.6 billion, showcasing the high demand and interest in their business model. The company continues to draw support from notable institutional investors, including Cathie Wood from ARK Invest, Bill Miller III, and firms like Pantera and Galaxy Digital, who back BitMine's goal of acquiring 5% of ETH. This backing speaks volumes about the confidence the investment community has in BitMine’s strategies and vision.

Recognized for its rapid progress in increasing its net asset value (NAV) per share and maintaining high liquidity in trading, BitMine sets a benchmark for competitors within the crypto treasury landscape. The company's recent investor presentation outlines its vision and strategies in detail, while its commitment to acquiring and holding cryptocurrencies for long-term investments underscores its forward-thinking approach.

Additionally, Lee draws parallels between current financial market transformations and landmark events in history, such as the end of the gold standard in the 1970s, underlining how Ethereum is poised to be a critical player in this new era of digital finance. As institutional interest swells in the crypto space, BitMine believes Ethereum will undergo significant transformations, further establishing its relevance in the burgeoning world of blockchain technology.

Conclusion

In summary, BitMine Immersion Technologies is making significant waves in the cryptocurrency sector, demonstrating its ability to grow and adapt in an evolving digital landscape. With a strong focus on accumulating Ethereum and an impressive mix of traditional and innovative assets, the company's trajectory suggests it will remain a formidable player in the cryptocurrency market for years to come. As Ethereum’s prominence continues to rise, the strategic decisions made by BitMine today will undoubtedly contribute to its long-term success within this burgeoning industry.