BitMine Immersion Technologies (BMNR) has announced total crypto and cash holdings of $13.7 billion, further cementing its position as one of the largest digital asset treasuries in the world.
The company revealed that it now holds 3.4 million Ethereum (ETH) tokens – roughly 2.8% of the total ETH supply – alongside $389 million in unencumbered cash and smaller positions in Bitcoin and equity investments.
The Las Vegas–based firm, which focuses on long-term crypto accumulation through mining and investment, has become a standout among public blockchain companies for both the scale of its holdings and the liquidity of its stock. BitMine now ranks as the #60 most traded stock in the United States, with a five-day average daily volume of $1.5 billion, according to company data.
Ethereum Leadership and Institutional Support
BitMine’s chairman, Thomas “Tom” Lee of Fundstrat, highlighted the company’s growing influence within the Ethereum ecosystem. He noted that the recent accumulation of 82,000 ETH in a single week pushed the firm past the halfway mark toward its goal of owning 5% of all Ethereum, an objective Lee refers to as the “alchemy of 5%.”
Lee emphasized that Ethereum’s underlying fundamentals are strengthening, citing rising stablecoin supply and record-high application revenues as indicators of long-term momentum. Despite October’s severe liquidation event, Lee suggested that the resulting decline in leverage was a healthy reset for the market.
BitMine’s investor base includes ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, and several prominent institutional players. This support has positioned BitMine as a preferred vehicle for institutional exposure to Ethereum’s performance and broader crypto market trends.
Position Among Global Treasuries
BitMine’s crypto reserves place it second only to Strategy Inc. (MSTR) among global corporate crypto treasuries. While Strategy Inc. dominates Bitcoin holdings with 640,808 BTC, BitMine leads in Ethereum exposure.
The firm continues to expand its operations across low-cost energy regions in Texas and Trinidad, leveraging mining and synthetic hashrate products to increase its crypto net asset value per share.
As the company moves closer to its goal of acquiring 5% of Ethereum’s total supply, BitMine is positioning itself at the intersection of corporate treasury strategy, digital asset accumulation, and institutional-grade market liquidity.