BitMine Immersion Expands Ethereum Holdings to $13.4 Billion, Targets 5% of ETH Supply

Last updated on October 23rd, 2025 at 10:50 am

Quick Breakdown

BitMine now holds 2.83M ETH worth $13.4B, over 2% of supply.
The company aims to control 5% of total ETH in circulation.
BMNR ranks #28 among most traded U.S. stocks by volume.

BitMine Immersion Technologies (NYSE American: BMNR) has announced a massive expansion of its crypto reserves, now totaling $13.4 billion in combined crypto and cash holdings. The company’s Ethereum (ETH) position has surged past 2.83 million tokens, representing more than 2% of the total ETH supply, as BitMine advances toward its stated goal of owning 5% of all ETH in circulation.

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BitMine provided its latest holdings update for Oct 6, 2025:
$13.4 billion in total crypto + “moonshots”
– 2,830,151 ETH at $4,535 per ETH token
– 192 $BTC coins
– $113 million Eightco stake (NASDAQ-$ORBS)
– unencumbered cash $456 million
Ticker: $BMNR…
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 6, 2025

Largest Ethereum treasury in the world

According to BitMine, its portfolio includes 2,830,151 ETH valued at $4,535 per token, along with 192 Bitcoin (BTC), $456 million in cash, and a $113 million stake in Eightco Holdings (NASDAQ: ORBS). The company’s holdings cement its status as the largest Ethereum treasury globally and the second-largest overall crypto treasury, trailing only MicroStrategy (MSTR), which holds 640,031 BTC worth approximately $79 billion.

BitMine’s stock has also seen exceptional market activity, now ranking as the 28th most traded U.S. stock with a five-day average daily trading volume of $2.5 billion—placing it just behind JPMorgan and ahead of Nike. The company attributes this growth to its expanding investor base, which includes prominent backers such as Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, and Fundstrat’s Thomas “Tom” Lee.

Ethereum and AI at the core of future growth

Chairman Tom Lee described Ethereum as “the premier choice for long-term macro investment,” emphasizing its central role in the convergence of AI and blockchain technology. He noted that BitMine’s investment strategy mirrors a broader shift on Wall Street toward digital assets, driven by new regulatory clarity from initiatives such as the GENIUS Act and the SEC’s Project Crypto.

BitMine said it remains focused on long-term accumulation of ETH, highlighting the network’s reliability, 100% uptime, and dominance in decentralized finance and AI integration.

Notably, BitMine recently unveiled a $1 billion stock repurchase program, underscoring its commitment to shareholder returns while reinforcing its long-term positioning in digital assets.

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