BitMine Immersion Technologies (NYSE American: BMNR) has announced that its combined crypto, cash, and “moonshot” investments now total $13.2 billion, positioning the company as the largest Ethereum holder globally and one of the top two corporate crypto treasuries in the world.
According to the company’s latest disclosure, BitMine’s assets include 3,505,723 ETH valued at $3,639 per token, alongside 192 Bitcoin (BTC), a $61 million equity stake in Eightco Holdings (NASDAQ: ORBS), and $398 million in unencumbered cash reserves.
BitMine’s “Alchemy of 5%” Target in Sight
BitMine now controls 2.9% of Ethereum’s total supply, having purchased 110,288 ETH over the past week, a 34% increase from its previous accumulation rate. The company’s chairman, Thomas “Tom” Lee of Fundstrat, described the recent ETH pullback as a key opportunity:
“We acquired aggressively into the dip,” Lee said. “This purchase moves us more than halfway toward our goal of reaching 5% of Ethereum’s total supply, our ‘alchemy of 5%’ milestone.”
BitMine’s strategy emphasizes long-term crypto accumulation, aligning with its vision of Ethereum as the backbone of financial tokenization. Lee added that Wall Street’s growing interest in blockchain-based assets signals an impending structural transformation for capital markets:
“The next decade belongs to Ethereum. Asset tokenization is to 2025 what the end of Bretton Woods was to 1971, a historic shift in financial architecture.”
Institutional Confidence and Market Performance
BitMine’s ascent has been powered by a coalition of leading institutional backers, including Cathie Wood’s ARK Invest, Founders Fund, Bill Miller III, Pantera, Kraken, Galaxy Digital, and Digital Currency Group (DCG).
The company’s stock, BMNR, has surged in trading activity, now ranking as the 48th most-traded stock in the U.S. with a five-day average volume of $1.6 billion, according to Fundstrat data. This places it just behind Lam Research and ahead of Arista Networks among over 5,700 U.S.-listed equities.
Ethereum Treasury Leadership
With its expanding portfolio, BitMine surpasses all other entities in Ethereum holdings, firmly establishing itself as the #1 global ETH treasury and #2 overall crypto treasury after Strategy Inc. (MSTR), which currently holds 641,692 BTC after $49.9M purchase.
Following a recent joint event with the Ethereum Foundation at the New York Stock Exchange, BitMine emphasized that institutional adoption and regulatory evolution, including initiatives like the GENIUS Act and SEC’s Project Crypto, are paving the way for a new financial era centered on blockchain transparency and tokenized assets.
As Ethereum continues its upward trajectory toward mainstream institutional integration, BitMine’s growing holdings and market position underscore its conviction that ETH is entering a super cycle decade, one that could redefine the balance between traditional finance and blockchain economics.
