BitMine Immersion (BMNR) Announces ETH Holdings Exceed 3.86 Million Tokens, and Total Crypto and Total Cash Holdings of $13.2 Billion

Rhea-AI Summary

BitMine Immersion (NYSE AMERICAN: BMNR) reported crypto + total cash + "moonshots" holdings of $13.2 billion as of Dec 7, 2025. Holdings include 3,864,951 ETH valued at $3,139/ETH, 193 BTC, a $36 million stake in Eightco Holdings (ORBS), and $1.0 billion in cash.

The company acquired 138,452 ETH in the past week (a 156% increase vs a prior weekly pace of 54,156). BitMine claims it holds >3.2% of ETH supply, is the world’s largest ETH treasury, and reports average daily dollar trading volume of $1.8 billion (5-day avg) ahead of its Jan 15, 2026 shareholder meeting.

Positive

• Total crypto + cash holdings of $13.2B
• Holds 3,864,951 ETH (largest ETH treasury)
• Acquired 138,452 ETH in the past week (156% increase)
• Maintains $1.0B in cash
• Average daily trading volume $1.8B (5-day avg)

Negative

• Holds > 3.2% of ETH supply (concentration risk)
• Significant valuation exposure to ETH price at $3,139/ETH

Key Figures

Total crypto + cash + moonshots $13.2 billion Holdings as of December 7, 2025

ETH holdings 3,864,951 ETH Company ETH position at $3,139 per ETH

ETH supply share More than 3.2% Portion of total ETH token supply owned

Cash holdings $1.0 billion Total cash balance included in $13.2B

Moonshots stake $36 million Stake in Eightco Holdings (NASDAQ: ORBS)

Bitcoin holdings 193 BTC Part of total crypto holdings

Weekly ETH acquired 138,452 ETH ETH bought in the past week

Avg daily dollar volume $1.8 billion 5-day average, ranking #37 among US stocks

Market Reality Check

$2.90 Last Close

Volume Volume 46,115,599 vs 20-day average 50,482,249 (relative volume 0.91x) shows activity slightly below recent norms. normal

Technical Price $34.16 is trading above the 200-day MA of $29.70, despite a -6.22% 24h decline.

Peers on Argus

Within Capital Markets peers, several names like IREN (-1.95%), MARA (-3.77%) and XP (-10.08%) are down, while PJT is up 3.19%. Mixed moves and no momentum-flagged peers suggest BMNR’s action is more stock-specific than a clean sector-wide move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Crypto holdings update	Positive	-12.6%	Raised ETH holdings to 3.73M and total assets to $12.1B.
Nov 24	Crypto holdings update	Positive	+19.6%	Reported 3.63M ETH and $11.2B in crypto, cash and moonshots.
Nov 21	Earnings and dividend	Positive	-0.1%	Posted FY25 GAAP EPS $13.39 and declared first annual dividend.
Nov 19	Strategic advisor	Positive	-9.6%	Engaged Tom DeMark to advise on ETH acquisition strategy.
Nov 18	Earnings date notice	Neutral	+4.3%	Set timing for fiscal Q4 and full-year 2025 earnings release.

Pattern Detected

Recent crypto/treasury updates often coincided with volatile and sometimes negative next-day moves, even when the news highlighted larger ETH holdings or strategic progress.

Recent Company History

Over the last few months, BitMine has repeatedly updated the market on its expanding ETH treasury and total crypto + cash + “moonshots” holdings, moving from >3.03M ETH in mid‑October to progressively higher levels into late November and early December. These releases emphasize its status as the largest ETH treasury and progress toward a 5% ETH supply goal. Today’s update continues that pattern, adding more ETH, more cash, and reiterating staking (MAVAN) and strategic positioning ahead of 2026.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-07-28

The company has an active S-3ASR shelf filed on 2025-07-28, effective through 2028-07-28, with at least 2 recorded 424B5 takedowns. This structure gives management flexibility to issue registered securities as needed, but no specific dollar capacity is provided in the context.

Market Pulse Summary

This announcement underscores BitMine’s role as the largest ETH treasury, now holding 3,864,951 ETH and total crypto, cash and moonshots of $13.2 billion, plus a planned MAVAN staking rollout in early 2026. Historically, similar crypto-tagged updates produced sizable price moves. Investors following this story often focus on changes in ETH holdings, cash levels, and any future use of the active S-3ASR shelf when assessing risk and dilution exposure.

Key Terms

tokenizes technical

"given the coming transformation as Wall Street tokenizes everything onto the blockchain"

Tokenizes means converting an asset or right into digital tokens that represent ownership or claims, typically recorded on a distributed ledger. For investors this matters because tokenization can split an expensive asset into smaller, tradable pieces—like turning a painting into many tickets you can buy and sell—potentially increasing liquidity, broadening access, and changing how value, custody and legal rights are managed.

blockchain technical

"as Wall Street tokenizes everything onto the blockchain," says Chairman Lee"

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

staking technical

"progress on our staking solution known as The Made in America Validator Network (MAVAN)"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

validator network technical

"our staking solution known as The Made in America Validator Network (MAVAN)"

A validator network is a group of independent computers or participants that check and record transactions on a digital ledger, using agreed rules to decide which entries are valid. Think of them as a team of referees who confirm plays and keep the official score; their integrity, speed and decentralization determine how secure, fast and reliable the system is. Investors care because the makeup and incentives of the validator network affect transaction finality, security risks, token rewards and governance influence.

quantitative tightening financial

"including ending QT (quantitative tightening) and is expected to cut interest rates"

A policy where a central bank reduces the amount of money it has injected into the financial system by selling bonds or letting them mature without replacing them, effectively “squeezing” cash out of markets. It matters to investors because this pullback raises borrowing costs and bond yields, can reduce price support for stocks and other assets, and tightens liquidity—similar to a household cutting spending, which slows activity and alters the value of things people own.

AI-generated analysis. Not financial advice.

BitMine now owns more than 3.2% of the ETH token supply, two-thirds of the way to the 'Alchemy of 5%'

BitMine Crypto + Total Cash Holdings + "Moonshots" total $13.2 billion, including 3.86 million ETH tokens, total cash of $1.0 billion, and other crypto holdings

December Chairman's message is released, focused on why 2026 augurs strong demand

"The best years are ahead for crypto given the substantial upside to current adoption rates for crypto and given the coming transformation as Wall Street tokenizes everything onto the blockchain," says Chairman Lee

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 37th most traded stock in the US, trading $1.8 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. 8, 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 + total cash + "moonshots" holdings totalling $13.2 billion.

As of December 7th at 4:00pm ET, the Company's crypto holdings are comprised of 3,864,951 ETH at $3,139 per ETH (Coinbase), 193 Bitcoin (BTC), $36 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $1.0 billion.

"In the past week, BitMine acquired 138,452 ETH tokens. This is a meaningful increase of 156% compared to the 54,156 weekly pace of 4 weeks ago (the week of Nov 17). Our stepped up buying activity reflects our confidence that ETH prices should strengthen in the months ahead given multiple catalysts. The Fusaka upgrade, aka Fulu-Osaka, activated on December 3rd, 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 8 weeks past the October 10th liquidation shock event, a sufficient length of time to allow crypto to again trade on forward fundamentals," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine.

BitMine also released the December Chairman's message, titled "The Crypto Supercycle is Intact," with a focus on how 2026 augurs well for crypto. According to Tom Lee, "The best years are ahead for crypto given the substantial upside to current adoption rates for crypto and given the coming transformation as Wall Street tokenizes everything onto the blockchain."

BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 650,000 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 $1.8 billion (5-day average, as of December 7, 2025), ranking #37 in the US, behind Crowdstrike (rank #36) and ahead of Goldman Sachs (rank #38) 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-announces-eth-holdings-exceed-3-86-million-tokens-and-total-crypto-and-total-cash-holdings-of-13-2-billion-302635031.html

SOURCE BitMine Immersion Technologies, Inc.

FAQ

How many ETH does BitMine (BMNR) hold as of Dec 7, 2025?

BitMine holds 3,864,951 ETH as of Dec 7, 2025 valued at $3,139 per ETH.

What is BitMine's total crypto and cash holdings reported on Dec 7, 2025?

BitMine reported total crypto + cash + moonshots holdings of $13.2 billion.

How much ETH did BitMine (BMNR) acquire in the week before Dec 7, 2025?

BitMine acquired 138,452 ETH in the past week, a 156% increase versus the earlier weekly pace.

When is BitMine's annual shareholders meeting and where is it held?

The shareholders meeting is scheduled for January 15, 2026 at the Wynn Las Vegas.

How much cash does BitMine (BMNR) hold according to the Dec 7, 2025 report?

BitMine reported total cash of $1.0 billion.

What trading activity does BitMine (BMNR) report for early December 2025?

Fundstrat data shows BitMine traded an average daily dollar volume of $1.8 billion (5-day avg) as of Dec 7, 2025.