BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens and Total Crypto and Cash Holdings of $13.4 Billion

Rhea-AI Summary

BitMine Immersion (NYSE AMERICAN: BMNR) reported crypto + cash + "moonshots" holdings of $13.4 billion as of October 5, 2025 at 1:00pm ET. Holdings include 2,830,151 ETH (priced at $4,535/ETH), 192 BTC, a $113 million stake in Eightco Holdings (ORBS) and $456 million of unencumbered cash.

The company says it is the world’s largest ETH treasury, owns more than 2% of ETH supply, ranks #28 by U.S. average daily dollar trading volume (~$2.5 billion, 5-day avg as of Oct 3, 2025) and states a strategic goal to acquire 5% of ETH.

Positive

• Total crypto+cash+moonshots holdings of $13.4 billion
• Holding of 2,830,151 ETH at stated price $4,535 per ETH
• Unencumbered cash of $456 million
• Average daily trading volume ~$2.5 billion (5-day avg)

Negative

• Primary treasury concentrated in ETH (2.83M tokens)
• Relatively limited unencumbered cash versus crypto holdings ($456M)

Insights

Equity and Crypto Treasury Analyst

BitMine reports a large, concentrated ETH treasury and strong trading liquidity, materially increasing its crypto balance sheet.

BitMine discloses holdings of 2,830,151 ETH valued at $4,535 per ETH, 192 BTC, a $113 million stake in Eightco Holdings, and $456 million in unencumbered cash, for total crypto + cash + "moonshots" of $13.4 billion. The company states it is the world’s largest Ethereum treasury and the #2 global crypto treasury behind Strategy Inc (MSTR). The release also notes a high trading velocity with average daily dollar volume of $2.5 billion (5-day avg) and institutional backers listed by name.

Concentration in ETH drives both the balance-sheet upside and principal risk. The company’s NAV per share and liquidity metrics will move directly with ETH price and realized gains or losses. The statement references regulatory milestones such as the GENIUS Act and SEC's Project Crypto, which appear material to institutional adoption but contain no concrete dates or regulatory outcomes. Monitor the ETH position size relative to circulating supply, realized/unrealized gain disclosures, and any changes to the unencumbered cash figure over the next 10-15 years as the company pursues its stated "alchemy of 5%" target.

BitMine now owns greater than 2% of the ETHtoken supply as it moves towards the 'Alchemy of 5%'

BitMine leads Crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock

BitMine Crypto + Cash Holdings + "Moonshots" total $13.4 billion, including 2.83 million ETH Tokens, unencumbered cash of $456 million, and other crypto holdings

BitMine is the 28th most traded stock in the US, trading $2.5 billion per day (5-day avg)

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 5% of ETH

LAS VEGAS, Oct. 6, 2025 /PRNewswire/ -- (NYSE AMERICAN: BMNR) BitMine Immersion Technologies ("BitMine" or the "Company") a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, today announced crypto BitMine crypto + cash + "moonshots" holdings totalling $13.4 billion.

As of October 5th at 1:00pm ET, the Company's crypto holdings are comprised of 2,830,151 ETH at $4,535 per ETH (Bloomberg), 192 Bitcoin (BTC), $113 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and unencumbered cash of $456 million.

BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 640,031 BTC valued at $79 billion. BitMine remains the largest ETH treasury in the world. 

"We spent the past week in Singapore at Token2049 meeting with many leaders in the crypto and blockchain industry. The BitMine team sat down with Ethereum core developers and key ecosystem players and it is clear the community is focused on enabling Wall Street and AI to build the future on Ethereum. We remain confident that the two Supercycle investing narratives remain AI and crypto. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime. These two powerful macro cycles will play out over decades. 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," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine. "As we mentioned in our August Chairman's message, the power law benefits large holders of ETH, hence, we pursue the 'alchemy of 5%' of ETH."

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 $2.5 billion (5-day average, as of October 3, 2025), ranking #28 in the US, behind JPMorgan (rank #27) and ahead of Nike (rank #29) among 5,704 US-listed stocks (statista.com and Fundstrat research).

"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 Trinidad; Pecos, Texas; and Silverton, Texas.

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

How many ETH does BitMine (BMNR) report owning as of October 5, 2025?

BitMine reports owning 2,830,151 ETH as of October 5, 2025 at 1:00pm ET.

What is BitMine's total crypto, cash and moonshots value reported on October 6, 2025?

BitMine reported total crypto + cash + moonshots holdings of $13.4 billion.

How much unencumbered cash does BitMine (BMNR) hold?

The company reports $456 million of unencumbered cash.

What trading liquidity does BMNR stock show in the announcement?

BitMine cites average daily dollar volume of about $2.5 billion (5-day average, as of Oct 3, 2025).

Does BitMine claim a target ETH ownership level and what is it?

Yes. BitMine states a strategic goal to pursue an "alchemy of 5%" ownership of ETH.

What other notable crypto or equity holdings did BitMine disclose?

BitMine disclosed 192 BTC and a $113 million stake in Eightco Holdings (ORBS) described as "moonshots."