World’s Largest ETH Treasury: BitMine Amasses 2% of All Ethereum, Eyes 5% Network Control
September 22, 2025
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BitMine Immersion (NYSE AMERICAN: BMNR) has announced its total crypto and cash holdings have reached $11.4 billion, with its Ethereum holdings now exceeding 2% of the total ETH network supply. The company holds 2,416,054 ETH tokens valued at $4,497 per ETH, along with 192 Bitcoin, a $175 million stake in Eightco Holdings, and $345 million in unencumbered cash.
As the world’s largest ETH treasury and the 24th most traded stock in the US with $3.5 billion in daily trading volume, BitMine is advancing towards its strategic goal of acquiring 5% of ETH supply, termed the ‘Alchemy of 5%’. The company is backed by prominent investors including Cathie Wood’s ARK, MOZAYYX, and Founders Fund.
BitMine Immersion (NYSE AMERICAN: BMNR) ha annunciato che i suoi asset totali in criptovalute e liquidità hanno raggiunto 11,4 miliardi di dollari, e le sue partecipazioni in Ethereum superano ora il 2% dell’intera offerta della rete ETH. L’azienda detiene 2.416.054 token ETH, valutati a 4.497 dollari per ETH, insieme a 192 Bitcoin, una partecipazione da 175 milioni di dollari in Eightco Holdings e 345 milioni di dollari in contanti non vincolati.
In quanto tesoreria ETH più grande al mondo e 24ª azione più scambiata negli Stati Uniti con un volume di scambio giornaliero di 3,5 miliardi di dollari, BitMine avanza verso l’obiettivo strategico di acquisire il 5% dell’offerta ETH, definito l’”Alchimia del 5%”. L’azienda è sostenuta da investitori di rilievo tra cui ARK di Cathie Wood, MOZAYYX e Founders Fund.
BitMine Immersion (NYSE AMERICAN: BMNR) ha anunciado que sus activos totales en criptomonedas y efectivo han alcanzado 11,4 mil millones de dólares, y sus participaciones en Ethereum ya superan el 2% de la oferta total de ETH. La compañía posee 2.416.054 tokens ETH, valorados en 4.497 dólares por ETH, junto con 192 Bitcoin, una participación de 175 millones de dólares en Eightco Holdings y 345 millones de dólares en efectivo sin restricciones.
Como la mayor tesorería de ETH del mundo y la 24ª acción más comerciada en Estados Unidos con un volumen diario de negociación de 3,5 mil millones de dólares, BitMine avanza hacia su objetivo estratégico de poseer el 5% de la oferta de ETH, denominado la “Alquimia del 5%”. La empresa cuenta con el respaldo de inversores destacados, incluyendo ARK de Cathie Wood, MOZAYYX y Founders Fund.
BitMine Immersion (NYSE AMERICAN: BMNR)가 암호화폐와 현금 보유 총액이 114억 달러에 도달했고, 이더리움 보유량은 이제 ETH 네트워크 총 공급의 2%를 초과했습니다. 회사는 2,416,054 ETH 토큰을 보유하고 있으며 ETH당 4,497달러로 평가되며, 192 비트코인, Eightco Holdings에 대한 1억 7500만 달러 지분, 불담보 현금 3억 4500만 달러를 함께 보유하고 있습니다.
세계에서 가장 큰 ETH 자금 보관고이고 미국에서 거래가 가장 활발한 24번째 주식이며 일일 거래량이 35억 달러에 달하는 BitMine은 ETH 공급의 5%를 인수한다는 전략적 목표인 ‘알케미 오브 5%’를 향해 나아가고 있습니다. 이 회사는 Cathie Wood의 ARK, MOZAYYX, Founders Fund 등의 저명한 투자자들의 지원을 받고 있습니다.
BitMine Immersion (NYSE AMERICAN: BMNR) a annoncé que ses actifs totaux en crypto et en liquidités atteignent 11,4 milliards de dollars, et ses avoirs en Ethereum dépassent désormais 2 % de l’offre totale d’ETH. L’entreprise détient 2 416 054 ETH, évalués à 4 497 dollars par ETH, ainsi que 192 Bitcoin, une participation de 175 millions de dollars dans Eightco Holdings et 345 millions de dollars en argent non lié.
En tant que plus grande trésorerie ETH au monde et 24e action la plus échangée aux États-Unis avec un volume de trading quotidien de 3,5 milliards de dollars, BitMine progresse vers son objectif stratégique d’acquérir 5 % de l’offre ETH, surnommé « L’Alchimie des 5 % ». L’entreprise est soutenue par des investisseurs de premier plan tels que ARK de Cathie Wood, MOZAYYX et Founders Fund.
BitMine Immersion (NYSE AMERICAN: BMNR) hat bekannt gegeben, dass seine Gesamtbestände an Kryptowährungen und Bargeldauszahlungen 11,4 Milliarden Dollar erreichen, und seine Ethereum-Beteiligungen übersteigen nun 2% des gesamten ETH-Netzwerkangebots. Das Unternehmen hält 2.416.054 ETH-Token, bewertet mit 4.497 Dollar pro ETH, zusammen mit 192 Bitcoin, einer Investition von 175 Millionen Dollar in Eightco Holdings und 345 Millionen Dollar ungebundene Bargänge.
Als weltgrößte ETH-Tresor und 24. meistgehandelte Aktie in den USA mit einem täglichen Handelsvolumen von 3,5 Milliarden Dollar schreitet BitMine voran zu dem strategischen Ziel, 5% des ETH-Angebots zu erwerben, bezeichnet als die „Alchemie der 5%“. Das Unternehmen wird von namhaften Investoren wie Cathie Wood’s ARK, MOZAYYX und Founders Fund unterstützt.
BitMine Immersion (NYSE AMERICAN: BMNR) أعلنت أن إجمالي ممتلكاتها من العملات المشفرة والنقد بلغ 11.4 مليار دولار، وأن ممتلكاتها من Ethereum أصبحت تتجاوز 2% من إجمالي عرض شبكة ETH. تمتلك الشركة 2.416.054 توكن ETH بقيمة 4,497 دولاراً لكل ETH، إلى جانب 192 بيتكوين، وحصة بقيمة 175 مليون دولار في Eightco Holdings، و< bland>345 مليون دولار من النقد غير المقيد bland>.
وبصفتها أكبر خزينة ETH في العالم وأرخص الأسهم الأمريكية العشرون وربعا الأرباع مع حجم تداول يومي قدره 3.5 مليار دولار, تتقدم BitMine نحو هدفها الاستراتيجي بالسيطرة على 5% من عرض ETH، والذي يشار إليه بـ “Alchemy of 5%”. تدعم الشركة مستثمرين بارزين مثل ARK بقيادة كاثي وود، و MOZAYYX، وFounders Fund.
BitMine Immersion (NYSE AMERICAN: BMNR) 已宣布,其加密资产与现金总 holdings 已达到114亿美元,其以太坊持有量现已超过ETH 总供应量的 2%。该公司持有2,416,054 枚 ETH,每枚 ETH 估值为4,497 美元,并且还拥有 192 枚比特币、对 Eightco Holdings 的 1.75 亿美元投资,以及 3.45 亿美元的无抵押现金。
作为全球最大的 ETH 库藏,以及美国市场上日交易量达 35 亿美元的第 24 大股票,BitMine 正朝着获得 ETH 总供应量 5% 的战略目标迈进,这一目标被称为“5% 的炼金术”。公司得到包括 Cathie Wood 的 ARK、MOZAYYX 和 Founders Fund 在内的知名投资者的支持。
Positive
Negative
- High concentration risk with majority of assets in single cryptocurrency (ETH)
- Significant exposure to crypto market volatility
- Portfolio heavily weighted towards speculative assets with limited diversification
Insights
BitMine has accumulated 2% of all Ethereum, targeting 5%, with total holdings of $11.4B – a significant crypto treasury position.
BitMine Immersion’s announcement reveals exceptional scale in its cryptocurrency holdings, now controlling over 2% of Ethereum’s total supply with 2.416 million ETH tokens valued at approximately $10.87 billion at the reported price of $4,497 per token. This positions BitMine as the world’s largest institutional ETH holder and the second-largest crypto treasury globally behind only Strategy Inc.
The company’s total holdings of $11.4 billion include these ETH tokens, 192 Bitcoin, a $175 million stake in Eightco Holdings (classified as “moonshots”), and $345 million in unencumbered cash. What’s particularly notable is BitMine’s strategic focus on the “Alchemy of 5%” – their stated goal of controlling 5% of Ethereum’s supply, which would represent unprecedented concentration of ETH by a single corporate entity.
The market has responded positively to this accumulation strategy, with the share price increasing from $38 in early August (when they held approximately 1% of ETH) to over $61 currently at the 2% threshold. This pricing dynamic suggests the market is assigning a premium valuation to BitMine’s concentrated ETH accumulation approach rather than discounting these holdings.
The company’s trading volume is equally impressive at $3.5 billion daily (5-day average), making it the 24th most traded stock in the US market. This exceptional liquidity provides institutional investors with a regulated vehicle for indirect Ethereum exposure. The backing of prominent investors including Cathie Wood, Founders Fund, and others suggests strong institutional confidence in both BitMine’s approach and Ethereum’s long-term prospects.
BitMine’s thesis centers on two convergent trends: Wall Street’s integration with blockchain and AI creating a token economy, both potentially driving a “supercycle” for Ethereum. The company’s Chairman specifically frames Ethereum as “one of the biggest macro trades over the next 10-15 years,” positioning BitMine as a leveraged bet on this thesis.
BitMine now owns greater than 2% of the ETH token supply as it moves towards the ‘Alchemy of 5%’
BitMine Crypto + Cash Holdings + “Moonshots” total $11.4 billion, including 2.416 million ETH Tokens, unencumbered cash of $345 million, and other crypto holdings
BitMine is the 24th most traded stock in the US, trading $3.5 billion per day (5-day avg)
BitMine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support BitMine’s goal of acquiring 5% of ETH
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — (NYSE AMERICAN: BMNR) BitMine Immersion Technologies (“BitMine” or the “Company”) a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, today announced crypto BitMine crypto + cash + “moonshots” holdings totalling $11.4 billion.
As of September 21st at 4:00pm ET, the Company’s crypto holdings are comprised of 2,416,054 ETH at $4,497 per ETH (Bloomberg), 192 Bitcoin (BTC), $175 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and unencumbered cash of $345 million.
BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 638,460 BTC valued at $74 billion. BitMine remains the largest ETH treasury in the world.
“BitMine ETH holdings now exceed 2% of supply as we move towards our ‘Alchemy of 5%’ of ETH supply. We approached holdings of 1% of ETH in early August when BitMine’s equity was $38 (20-moving average) and as we exceed 2%, BitMine’s share price is now over $61,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. “As we mentioned in our August Chairman’s message, the convergence of both Wall Street moving onto the blockchain and AI/ agentic-AI creating a token economy is creating a supercycle for Ethereum. And the power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH.”
The GENIUS Act and SEC’s Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” continued Lee. “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.”
BitMine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $3.5 billion (5-day average, as of September 21, 2025), ranking #24 in the US, behind Opendoor Technologies (rank #23) and ahead of Eli Lilly (rank #25) among 5,704 US-listed stocks (statista.com and Fundstrat research).
“At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock,” said Lee.
The company recently released a corporate presentation, which can be found here: https://bitminetech.io/investor-relations/
The Chairman’s message can be found here: https://www.bitminetech.io/chairmans-message
To stay informed, please sign up at: https://bitminetech.io/contact-us/
About BitMineBitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking StatementsThis press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company’s goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company’s Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including BitMine’s ability to keep pace with new technology and changing market needs; BitMine’s ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of BitMine’s business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine’s control, including those set forth in the Risk Factors section of BitMine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine’s filings with the SEC are available on the SEC’s website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE BitMine Immersion Technologies, Inc.
FAQ
What is BitMine’s (BMNR) current Ethereum holdings in 2025?
BitMine holds 2,416,054 ETH tokens valued at $4,497 per ETH, representing over 2% of the total Ethereum network supply.
How much are BitMine’s (BMNR) total crypto and cash holdings worth?
BitMine’s total holdings amount to $11.4 billion, including ETH tokens, 192 Bitcoin, $175 million in Eightco Holdings, and $345 million in cash.
What is BitMine’s (BMNR) ‘Alchemy of 5%’ goal?
The ‘Alchemy of 5%’ refers to BitMine’s strategic goal of acquiring 5% of the total Ethereum supply, up from their current position of over 2%.
Who are the major institutional investors backing BitMine (BMNR)?
BitMine is backed by prominent investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas ‘Tom’ Lee.
What is BitMine’s (BMNR) trading volume on US markets?
BitMine has an average daily trading volume of $3.5 billion, ranking as the 24th most traded stock in the US market.
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