BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens and Total Crypto and Cash Holdings of $12.9 Billion

Rhea-AI Summary

BitMine Immersion (NYSE AMERICAN: BMNR) reported crypto + cash + "moonshots" holdings of $13.4 billion as of Oct 12, 2025 at 6:00pm ET, including 3,032,188 ETH valued at $4,154 per ETH, 192 BTC, a $135 million stake in Eightco Holdings (ORBS), and $104 million in unencumbered cash.

BitMine says its ETH position equals >2.5% of supply and that it acquired 202,037 ETH in recent days, describing a goal to reach an "alchemy of 5%" ETH ownership. The company cites Fundstrat data showing BMNR averaged $3.5 billion daily dollar volume (5-day avg) and ranks #22 among US stocks by dollar volume.

Positive

• 3,032,188 ETH holdings at $4,154 per ETH
• Crypto + cash + moonshots totaling $13.4 billion
• Average daily dollar volume $3.5 billion (5-day avg)
• Holds $135 million stake in Eightco Holdings (ORBS)

Negative

• ETH position represents >2.5% of total ETH supply (concentration risk)
• Unencumbered cash only $104 million versus $13.4B crypto exposure
• Press release shows inconsistent totals ($12.9B headline vs $13.4B body)

Insights

Crypto treasury strategist

Large ETH accumulation and high liquidity materially strengthen BitMine's treasury profile and market presence.

BitMine reports holdings of $13.4 billion in crypto, cash and "moonshots", including 3,032,188 ETH valued at $4,154 per ETH and unencumbered cash of $104 million. The company states this represents just over 2.5% of ETH supply and that it acquired 202,037 ETH recently, pushing it past 3,000,000 ETH. The firm also cites a $135 million equity stake in Eightco Holdings and high trading liquidity, with a five‑day average dollar volume of $3.5 billion.

The business mechanism is straightforward: holding large liquid crypto and cash balances increases the company's net asset value per share and gives it optionality to add to positions. Key dependencies and risks disclosed include token price moves (the release notes recent ETH price decline and opportunistic purchases) and concentration in a single asset class. Watch the company’s stated goal to reach the "alchemy of 5%" of ETH supply and any future disclosures on additional purchases, timing, or financing, particularly around Oct. 12, 2025–Oct. 13, 2025.

BitMine now owns greater than 2.5% of the ETHtoken supply, now at halfway point as it moves towards the 'Alchemy of 5%'

BitMine releases October Chairman's Message discussing Ethereum Supercycle

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 $12.9 billion, including 3.03 million ETH Tokens, unencumbered cash of $104 million, and other crypto holdings

BitMine is the 22nd most traded stock in the US, trading $3.5 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. 13, 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 12th at 6:00pm ET, the Company's crypto holdings are comprised of 3,032,188 ETH at $4,154 per ETH (Bloomberg), 192 Bitcoin (BTC), $135 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and unencumbered cash of $104 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 $73 billion. BitMine remains the largest ETH treasury in the world. 

"The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of. We acquired 202,037 ETH tokens over the past few days pushing our ETH holdings to over 3 million, or 2.5% of the supply of ETH," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine. "We are now more than halfway towards our initial pursuit of 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.

Bitmine also published the October Chairman's Message. This month, we are posting Chairman Lee's keynote at Token2049 held in Singapore, where Lee discusses the Ethereum Supercycle. The related presentation is also posted on the BitMine website.

"Volatility creates deleveraging and this can cause assets to trade at substantial discounts to fundamentals, or as we say, 'substantial discount to the future' and this creates advantages for investors, at the expense of traders," continued Lee. "This Chairman's Message explains our framework for why we see Ethereum in a Supercycle driven by the AI and Wall Street moving into the blockchain."

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 $3.5 billion (5-day average, as of October 10, 2025), ranking #22 in the US, behind Coinbase (rank #21) and ahead of UnitedHealth (rank #23) among 5,704 US-listed stocks (statista.com and Fundstrat research).

"BitMine continues to attract institutional investor capital as our high liquidity is appealing. The combined trading volume share of BitMine and MSTR is now 88% of all global DAT trading volume. We continue to lead 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 tokens does BitMine (BMNR) hold as of Oct 12, 2025?

BitMine holds 3,032,188 ETH as of Oct 12, 2025 at 6:00pm ET.

What is the value of BitMine's crypto + cash + moonshots reported Oct 12, 2025?

The company reported total crypto + cash + moonshots of $13.4 billion as of Oct 12, 2025.

What percentage of ETH supply does BitMine (BMNR) claim to own?

BitMine says its ETH holdings exceed 2.5% of the ETH supply and is pursuing a 5% target.

How much unencumbered cash does BitMine (BMNR) have?

BitMine reported $104 million in unencumbered cash.

What trading liquidity does BMNR stock report in October 2025?

Fundstrat data cited an average daily dollar volume of $3.5 billion (5-day avg), ranking BMNR #22 in US dollar volume.

Did BitMine (BMNR) buy ETH recently and how much?

The company said it acquired 202,037 ETH over recent days, contributing to its >3 million ETH total.