Quick Breakdown
- BitMine Immersion Technologies now holds 3.4 million ETH, representing 2.8% of Ethereum’s total supply, with total crypto and cash assets valued at $13.7 billion.
- The company is progressing toward its goal of owning 5% of ETH’s supply, supported by major institutional investors including ARK Invest, Founders Fund, and Galaxy Digital.
- BitMine ranks among the top 60 most traded U.S. stocks, averaging $1.5 billion in daily trading volume, and continues to lead global crypto treasuries in Ethereum holdings.
BitMine Immersion Technologies (NYSE American: BMNR) has announced that its combined crypto, cash, and investment holdings have reached $13.7 billion, led by a significant increase in Ethereum reserves totaling 3.4 million ETH. This marks a major milestone in the company’s pursuit of owning 5% of the total Ethereum supply.
The company’s portfolio now includes 3,395,422 ETH valued at $3,903 per token, 192 BTC, $389 million in cash, and a $62 million “moonshot” investment in Eightco Holdings. With this accumulation, BitMine now holds 2.8% of Ethereum’s total supply, securing its position as the world’s largest Ethereum treasury and the second-largest crypto treasury globally, behind MicroStrategy.
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BitMine provided its latest holdings update for Nov 3rd, 2025:$14.2 billion in total crypto + “moonshots”:
-3,395,422 ETH at $3,903 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $62 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 3, 2025
BitMine strengthens position in ethereum market
Chairman Thomas “Tom” Lee highlighted that the recent accumulation of 82,353 ETH reflects confidence in Ethereum’s long-term fundamentals. According to Lee, rising on-chain activity — including a 15% increase in stablecoin supply and record application revenues — signals growing institutional adoption.
He added that the October 10 market liquidation event, which led to a 45% drop in open interest on ETH, created a healthier market reset, setting the stage for renewed convergence between price and fundamentals. BitMine’s strategy focuses on capitalizing on such cycles to expand its Ethereum holdings while maintaining a strong liquidity base.
Institutional support and trading momentum
BitMine remains backed by leading investors including Cathie Wood’s ARK Invest, Founders Fund, Galaxy Digital, Pantera Capital, and Kraken. The company’s stock has become one of the 60 most traded in the U.S., averaging $1.5 billion in daily volume, surpassing major names like Marvell Technology.
Lee noted that BitMine continues to outperform peers in crypto NAV growth and liquidity, reinforcing its role as a central player in the institutional digital asset space.
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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