Coinspeaker
Sep 29, 2025
5 1

BitMine’s Crypto Holdings Reach $11.6 Billion, 2.65M ETH Owned

BitMine Immersion Technologies (BMNR) Holdings Update

  • BitMine has announced its crypto and cash holdings have reached $11.6 billion.
  • The company's Ethereum treasury now exceeds 2.65 million tokens, making it the largest corporate holder of ETH.
  • BitMine's assets include 2,650,900 ETH and $436 million in cash reserves.
  • The company owns more than 2% of the total ETH supply.

Strategic Approach: 'Alchemy of 5%'

  • BitMine is aggressively accumulating ETH, aiming to secure 5% of all ETH.
  • Chairman Thomas "Tom" Lee describes this as a major macro trade for the coming decade.
  • The strategy underscores Ethereum's importance for AI integration and Wall Street applications.

Industry Trends and Market Impact

  • Other companies like SharpLink Gaming are also adopting Ethereum as a reserve asset.
  • BitMine's stock (BMNR) is gaining traction in traditional markets, ranking as the 26th most traded in the US with a $2.6 billion daily trading volume.
  • This positions BitMine ahead of major firms such as Visa in terms of market activity.