BitMine Immersion Surpasses 2% of Ethereum's Supply with Major Holdings
BitMine Immersion Makes Waves in Cryptocurrency Market
Introduction
On September 23, 2025, BitMine Immersion Technologies (BMNR) made headlines with a significant announcement regarding its Ethereum (ETH) holdings. The company has surpassed 2% of the total supply of ETH, an impressive feat that reflects its strategic focus on accumulating cryptocurrencies for long-term investment. As of September 21, 2025, BitMine's ETH holdings amount to over 2.4 million tokens, valued significantly in the burgeoning crypto landscape. This article delves into the implications of this development and what it means for both BitMine and the broader cryptocurrency market.
Details of Holdings
BitMine's total cryptocurrency and cash holdings have now reached an extraordinary $11.4 billion. This portfolio consists of a variety of assets, including approximately 2,416,054 ETH priced at $4,497 per token, 192 Bitcoin (BTC), a substantial stake of $175 million in Eightco Holdings (NASDAQ: ORBS), and unencumbered cash reserves of $345 million. This exceptional allocation positions BitMine as one of the leading treasury sources for Ethereum globally, second only to Strategy Inc (MSTR) with their Bitcoin holdings.
Strategic Goals
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