#Bitcoin #Ethereum #BitMine

BitMine Immersion Achieves Significant Ethereum Milestone

On September 22, 2025, BitMine Immersion Technologies, Inc. (BMNR) made waves in the cryptocurrency sector by announcing that its holdings of Ethereum now exceed 2% of the entire ETH token supply, totaling over 2.4 million tokens. This milestone is part of BitMine's ambitious strategy to reach the 'Alchemy of 5%,' a plan that aims for substantial growth in its cryptocurrency assets, which cumulatively amount to an impressive $11.4 billion, including both cash and crypto holdings.

Overview of Current Holdings

As of September 21, 2025, BitMine's asset portfolio showcases its commitment to long-term investment in cryptocurrencies. Presently, the company holds approximately 2,416,054 ETH, valued at about $4,497 each according to Bloomberg reports. Alongside Ethereum, BitMine possesses 192 Bitcoin (BTC), a $175 million stake in Eightco Holdings (NASDAQ: ORBS), and unencumbered cash amounting to $345 million. This diverse range of assets firmly positions BitMine as not just a player, but a leader in the cryptocurrency treasury landscape.

Moreover, BitMine is recognized as the largest Ethereum treasury globally and ranks second in overall cryptocurrency treasuries, only behind Strategy Inc. (MSTR), which has a notable holding of 638,460 BTC valued at around $74 billion.

Institutional Support and Stock Performance

BitMine's success is bolstered by robust backing from prominent institutional investors. This includes well-known figures and organizations such as Cathie Wood of ARK Invest, Funders Fund, Bay Miller III, Pantera, Kraken, Digital Currency Group (DCG), Galaxy Digital, and individual investor Thomas