BitMine Immersion (BMNR) ETH Holdings Exceed 1.15 Million Tokens, Valued in Excess of $4.96 Billion, and Largest ETH Treasury in World
Rhea-AI Summary
BitMine Immersion (NYSE AMERICAN: BMNR) has announced its Ethereum (ETH) holdings have surpassed 1.15 million tokens valued at $4.96 billion, making it the world's largest ETH treasury. This represents a significant $2.0 billion increase from the $2.9 billion reported just last week.
The company, supported by prominent institutional investors including Cathie Wood's ARK, MOZAYYX, and Founders Fund, aims to acquire 5% of all ETH. BitMine has emerged as the 25th most liquid US stock, with an average daily trading volume of $2.2 billion, positioning itself between Costco and JPMorgan in trading liquidity.
Since launching its ETH Treasury strategy on June 30th, BitMine has become the third-largest crypto treasury globally, trailing only Microstrategy and Mara Blockchain.
Positive
- ETH holdings increased by $2.0 billion in just one week to $4.96 billion
- Achieved status as world's largest ETH treasury and 3rd largest crypto treasury globally
- Strong institutional backing from prominent investors including ARK, Founders Fund, and others
- Ranks as 25th most liquid US stock with $2.2 billion average daily trading volume
- Rapid execution of ETH Treasury strategy showing significant progress toward 5% ETH goal
Negative
- High concentration risk in a single cryptocurrency (ETH)
- Significant exposure to crypto market volatility
News Market Reaction 62 Alerts
On the day this news was published, BMNR gained 36.05%, reflecting a significant positive market reaction. Our momentum scanner triggered 62 alerts that day, indicating high trading interest and price volatility. The stock closed at $69.90 on that trading session. This price movement added approximately $2.08B to the company's valuation, bringing the market cap to $7.85B at that time. Trading volume was very high at 3.8x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
BitMine is the largest ETH treasury in the world, 3rd largest crypto treasury globally
BitMine ETH holdings of
BitMine remains supported by a premier group of institutional investors including ARK's Cathie
Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital to
support BitMine's goal of acquiring
BitMine now 25th most liquid US stock, trading
BitMine launched its ETH Treasury strategy on June 30th (closing on July 8th). In the ensuing five weeks, the Company has passed many key milestones and is now the largest ETH Treasury in the world and at over
"In just a week, BitMine increased its ETH holdings by
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
The company recently released a corporate presentation, which can be found here: https://bitminetech.io/investor-relations/
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
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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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