BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion
Rhea-AI Summary
BitMine Immersion (NYSE AMERICAN: BMNR) has announced its total crypto and cash holdings have reached $11.4 billion, with its Ethereum holdings now exceeding 2% of the total ETH network supply. The company holds 2,416,054 ETH tokens valued at $4,497 per ETH, along with 192 Bitcoin, a $175 million stake in Eightco Holdings, and $345 million in unencumbered cash.
As the world's largest ETH treasury and the 24th most traded stock in the US with $3.5 billion in daily trading volume, BitMine is advancing towards its strategic goal of acquiring 5% of ETH supply, termed the 'Alchemy of 5%'. The company is backed by prominent investors including Cathie Wood's ARK, MOZAYYX, and Founders Fund.
Positive
- None.
Negative
- High concentration risk with majority of assets in single cryptocurrency (ETH)
- Significant exposure to crypto market volatility
- Portfolio heavily weighted towards speculative assets with limited diversification
News Market Reaction 60 Alerts
On the day this news was published, BMNR declined 10.10%, reflecting a significant negative market reaction. Argus tracked a trough of -3.6% from its starting point during tracking. Our momentum scanner triggered 60 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $1.19B from the company's valuation, bringing the market cap to $10.63B at that time.
Data tracked by StockTitan Argus on the day of publication.
BitMine now owns greater than
BitMine Crypto + Cash Holdings + "Moonshots" total
BitMine is the 24th most traded stock in the US, trading
BitMine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support BitMine's goal of acquiring
As of September 21st at 4:00pm ET, the Company's crypto holdings are comprised of 2,416,054 ETH at
BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 638,460 BTC valued at
"BitMine ETH holdings now exceed
The GENIUS Act and SEC's Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
"We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years," continued Lee. "Wall Street and AI moving onto the blockchain should lead to a greater transformation of today's financial system. And the majority of this is taking place on Ethereum."
BitMine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of
"At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock," said Lee.
The company recently released a corporate presentation, which can be found here: https://bitminetech.io/investor-relations/
The Chairman's message can be found here: https://www.bitminetech.io/chairmans-message
To stay informed, please sign up at: https://bitminetech.io/contact-us/
About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including BitMine's ability to keep pace with new technology and changing market needs; BitMine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of BitMine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 3, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE BitMine Immersion Technologies, Inc.
FAQ
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