What to Know
- BitMine Immersion now holds $10.7B in cash and crypto, with 2.15M ETH..
- BitMine is now the #1 Ethereum treasury globally and among the top 30 most-traded US stocks.
- The firm launched a $1B stock buyback while steadily boosting its ETH treasury.
BitMine Immersion (BMNR) has revealed that it now holds more than $10.7 billion in crypto and cash, with Ethereum making up the largest share. In a press release shared today, the company said its Ethereum holdings have crossed 2.15 million ETH, making it one of the largest single corporate holders of the asset. Its portfolio also includes 192 BTC, a $214M stake in the startup “Eightco,” and $569 million in free cash
Bitmine’s Long-Term Goal
“BitMine wants to support and back innovative projects that create value for the Ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and the billions of human users,” said Bitmine Immersion Technologies, Inc. Chairman Thomas Lee.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” he added.
BitMine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded an average daily dollar volume of $2.0 billion (5-day average, as of September 12, 2025), ranking #28 in the US.
Growing Ethereum Strategy
As we reported earlier, BitMine announced a $1 billion stock repurchase program in July. This program showed the company’s efforts to return value to shareholders while also boosting investor confidence. “In our road to achieving ‘the alchemy of 5%’ of ETH, there may be times when the best expected return of our capital is to acquire our own shares.” BitMine has been slowly but surely increasing its Ethereum reserves every month. In July, the firm added $2 billion worth of ETH to its balance sheet in its push to grow the treasury.
BitMine appears to be aligning itself with this momentum, as BitMine (BMNR) climbed over 15% when the firm hit the 2-million ETH milestone. The company’s steady buying comes at a time when Ethereum spot ETFs are getting record amounts of money, with one week recently seeing $2.85 billion in new money. This trend in the market as a whole shows that institutional and corporate interest in ETH is growing quickly. BitMine seems to be going along with this trend.
Why It Matters
BitMine’s huge treasury isn’t just about the numbers; it shows a bigger change in how businesses think about crypto. In the past, companies saw Bitcoin as their main reserve asset. BitMine, on the other hand, is putting a lot of money on Ethereum, which is what makes decentralized finance, smart contracts, and tokenization work.
Over the last weeks, ETH buying companies scooped up a total of over 273,300 ETH, led by a 150,000 ETH purchase from The Ether Machine, followed by a 74,300 ETH buy from BitMine. While Bitcoin buying slowed, public companies made only four Bitcoin purchases last week, with a combined value of about only $60 million.
Looking Ahead
BitMine is in the lead right now, with more than $10 billion in cash and crypto. The company is showing that it believes in the Ethereum ecosystem for the long term by buying Ethereum every month, running strong mining operations, and buying back its own shares.
BitMine could make a lot of money if more people start using Ethereum and ETFs keep getting money. Investors will be very interested to see how the company manages its growing exposure to ETH while still giving its shareholders good returns. It’s clear that BitMine and other major players are not just involved in crypto; they are also actively changing the way Ethereum corporate treasuries will work in the future.
Also Read: Ethereum ETF Inflows Hit $2.85B as Bitmine Buys $1.62B ETH
