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Aug 25, 2025
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BitMine Acquires Over 190,500 ETH, Total Holdings Reach 1.7 Million Tokens

1 min

BitMine Immersion Technologies (BMNR) acquired over 190,500 ether tokens last week, increasing its total holdings to 1,713,899 tokens, valued at approximately $7.9 billion. The firm also holds $562 million in cash for future acquisitions.

Key points:

  • Total crypto and cash holdings reached $8.8 billion, up from $6.6 billion the previous week.
  • Value decreased as ETH fell below $4,600 due to a market downturn.
  • BMNR stock increased by 12% on Friday and was down 2.6% in premarket trading.
  • The company achieved an average daily trading volume of $2.8 billion, ranking 20th among U.S. stocks.
  • BitMine plans to raise $20 billion more through stock sales for additional ether purchases.