BitMine Immersion (BMNR) Announces ETH Holdings Reach 3.73 Million Tokens, and Total Crypto and Cash Holdings of $12.1 Billion

Rhea-AI Summary

BitMine Immersion (NYSE AMERICAN: BMNR) reported total crypto, cash and "moonshots" holdings of $12.1 billion as of Nov 30, 2025. Holdings include 3,726,499 ETH valued at $3,008 per ETH, 192 BTC, a $36 million stake in Eightco Holdings (ORBS), and $882 million in unencumbered cash. BitMine acquired 96,798 ETH in the prior week and now owns more than 3.0% of ETH supply. The company said it accelerated purchases ahead of the Fusaka upgrade (scheduled Dec 3, 2025) and will hold its annual meeting on Jan 15, 2026.

Positive

• Total holdings of $12.1 billion
• 3,726,499 ETH holdings at $3,008 per ETH
• Acquired 96,798 ETH in the past week
• $882 million in unencumbered cash

Negative

• None.

Insights

Crypto Treasury Strategist

BitMine reports large, liquid crypto treasury with accelerated ETH accumulation ahead of a near-term protocol upgrade.

BitMine holds 3,726,499 ETH valued at $3,008 per ETH, 192 BTC, $36 million in a "moonshot" stake, and $882 million in unencumbered cash, totaling $12.1 billion. The company says it acquired 96,798 ETH in the past week and now owns more than 3.0% of the ETH supply, describing itself as the largest ETH treasury and the #2 global crypto treasury by holdings.

The firm accelerated purchases ahead of the Fusaka (Fulu-Osaka) upgrade scheduled for activation on December 3rd, and plans to deploy its staking product, MAVAN, in early 2026. Short-term items to watch include weekly ETH accumulation pace and the activation on December 3rd; medium-term items include MAVAN deployment and the shareholder meeting on January 15, 2026 for any governance disclosures. The facts reported imply a positive strategic push to increase ETH exposure and maintain high stock liquidity; risks include concentration in ETH and reliance on successful upgrade and staking rollout for realized benefits.

BitMine now owns more than 3.0% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%'

BitMine Crypto + Cash Holdings + "Moonshots" total $12.1 billion, including 3.73 million ETH tokens, unencumbered cash of $882 million, and other crypto holdings

BitMine accelerates its Ethereum accumulation ahead of the upcoming Fusaka upgrade, which is expected to significantly boost scalability, security, and overall network usability

BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026

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 is the 39th most traded stock in the US, trading $1.7 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, Dec. 1, 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 BitMine crypto + cash + "moonshots" holdings totalling $12.1 billion.

As of November 30th at 6:30pm ET, the Company's crypto holdings are comprised of 3,726,499 ETH at $3,008 per ETH (Coinbase), 192 Bitcoin (BTC), $36 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and unencumbered cash of $882 million.

"In the past week, BitMine acquired 96,798 ETH tokens. As we look ahead to December, the Fusaka upgrade, aka Fulu-Osaka, is scheduled for activation December 3rd and delivers an array of improvements in scalability, enhanced security, and usability. The Federal Reserve is taking several key steps in December including ending QT (quantitative tightening) and is expected to cut interest rates again on December 10th. We are now more than 7 weeks past the October 10th liquidation shock event, meaning the crypto market has found its bearings again. Collectively, we see these acting as positive tailwinds for ETH prices and thus, we stepped up our weekly purchases of ETH by 39%," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine.

BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 649,870 BTC valued at $59 billion. BitMine remains the largest ETH treasury in the world. 

"We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026," continued Lee.

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 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 $1.7 billion (5-day average, as of Nov 28, 2025), ranking #39 in the US, behind Salesforce.com (rank #38) and ahead of General Electric (rank #40) among 5,704 US-listed stocks (statista.com and Fundstrat research).

BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026.

The Fiscal Full Year 2025 Earnings presentation and corporate presentation 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 much crypto and cash does BitMine (BMNR) report as of Nov 30, 2025?

BitMine reports total crypto + cash + moonshots of $12.1 billion as of Nov 30, 2025.

How many ETH tokens does BitMine (BMNR) hold and what percent of supply is that?

BitMine holds 3,726,499 ETH, which the company says is more than 3.0% of ETH supply.

When is the Fusaka upgrade and why did BitMine accelerate ETH purchases for BMNR?

The Fusaka upgrade is scheduled for Dec 3, 2025; BitMine accelerated purchases expecting improved scalability, security, and usability for ETH.

What recent ETH buying activity did BitMine (BMNR) disclose?

BitMine disclosed acquiring 96,798 ETH in the prior week (as of Nov 30, 2025).

When is BitMine's annual shareholders meeting for BMNR?

The annual shareholders meeting is scheduled for Jan 15, 2026 at Wynn Las Vegas.

How liquid is BMNR stock according to the announcement?

The company cited a 5-day average daily dollar volume of $1.7 billion, ranking BMNR #39 in US-listed stocks (data as of Nov 28, 2025).