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BitMine Immersion Added $821M in Ether, Bringing Cash and Crypto Holdings to $13.4B
The firm extended its lead as the largest ether treasury, holding over 2.83 million in ETH tokens.
Updated Oct 6, 2025, 2:14 p.m. Published Oct 6, 2025, 1:14 p.m.
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What to know:
- BitMine Immersion Technologies added 179,251 ether to its balance sheet last week, bringing holdings to over 2.83 million tokens.
- The company's total crypto and cash reserves are valued at $13.4 billion, including $456 million in cash and 192 bitcoin and its stake in Worldcoin-focused treasury firm.
- BitMine aims to control 5% of ether's supply and is currently the second largest listed crypto treasury firm only trailing Strategy.
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat's Thomas Lee, continued to buy ether adding 179,251 tokens to its balance sheet through last week, worth roughly $820 million at current prices.
With the latest purchase, the firm's ETH stash surpassed 2.83 million tokens, more than 2% of the second largest cryptocurrency's supply, according to a Monday press release.
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Shares are up 4% premarket alongside the weekend gains in crypto prices.
The company said total crypto and cash reserves stand at $13.4 billion, including $456 million in cash, 192 bitcoin , and a stake in Eightco Holdings (ORBS), a digital asset treasury vehicle focused on .
BMNR stock was up 4.3% pre-market at just over $59, its strongest level in two weeks.
Since the firm's June pivot, BitMine is part of the digital asset treasury trend where publicly-traded firms raise funds to accumulate cryptocurrencies, following the playbook of Michael Saylor's Strategy, the world's largest corporate bitcoin owner.
BitMine aims to corner 5% of ether's supply and generate yield by staking the tokens. The firm currently ranks as the largest listed ETH treasury firm and only trails the bitcoin-focused Strategy's BTC holdings among all crypto treasury firms.
"We remain confident that the two supercycle investing narratives remain [artificial intelligence] AI and crypto," chairman Thomas Lee said in a statement. "Since ETH's price is a discount to the future, this bodes well for the token and is the reason BitMine's primary treasury asset is ETH."
Read more: How Ethereum’s Fusaka Upgrade Could Be a Game-Changer, Asset Manager VanEck Explains
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