Share this article
BitMine's ETH Holdings Near $5B After Latest Purchase; BMNR Tops Big Names in Trading Volume
The company aims to acquire 5% of all ether supply, worth around $25 billion at current prices.
Aug 11, 2025, 1:26 p.m.
Make us preferred on Google
What to know:
- BitMine Immersion Technology added $2 billion in ETH last week, bringing its total holdings to nearly $5 billion.
- The firm's stock was the 25th most traded among U.S.-listed companies with a $2.2 billion adaily trading volume last week.
- BMNR shares rose nearly 10% pre-market, following a 25% increase on Friday.
BitMine Immersion Technology (BMNR), the bitcoin miner turned ether (ETH) treasury under Fundstrat's Tom Lee's leadership, said it added roughly $2 billion of tokens over the past week, bringing total holdings to near $5 billion.
Bitmine's ETH stash exceeded 1.15 million tokens as of Sunday evening, up from 833,137 the week before.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BMNR shares were up over 10% pre-market at $57, extending Friday's almost 25% advance.
The firm added that its stock has become one of the most traded in the U.S. market averaging $2.2 billion in daily trading volume last week. That ranks BMNR 25th among U.S.-listed firms, topping bank giant JPMorgan (JPM) and chipmaker Micron Technology (MU).
"We are leading crypto treasury peers by both the velocity of raising crypto NAV [net asset value] per share and by the high trading liquidity of our stock," Chairman Tom Lee said.
Bitmine pursues a strategy to accumulate ETH and stake tokens for a yield, competing with rivals such as SharpLink Gaming (SBET) and others. The firm ultimately aims to acquire 5% of the total ETH supply, valued at over $25 billion at current market prices.
The buying frenzy by digital asset treasury companies helped ETH rally to new cycle highs, topping $4,300 over the weekend.
More For You
More For You
South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
What to know:
- Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
- The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
- The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Top Stories
