BitMine Immersion (BMNR) Announces ETH Holdings Reach 3.63 Million Tokens, and Total Crypto and Cash Holdings of $11.2 Billion

Rhea-AI Summary

BitMine Immersion (NYSE AMERICAN: BMNR) reported crypto + cash + “moonshots” holdings of $11.2 billion as of Nov 23, 2025.

Holdings include 3,629,701 ETH valued at $2,840 per ETH (Coinbase), representing ~3.0% of Ethereum supply, 192 BTC, a $38 million stake in Eightco Holdings (ORBS) and $800 million unencumbered cash. BitMine added 69,822 ETH in the past week and says it is two‑thirds of the way to a 5% ETH target.

Company notes recent weak ETH price action and impaired liquidity, and disclosed plans to deploy the Made in America Validator Network (MAVAN) in early 2026. BitMine reported average daily dollar trading volume of $1.6 billion (5‑day avg), ranking it #50 by US trading volume. Annual shareholder meeting set for Jan 15, 2026.

Positive

• Holdings total $11.2B
• ETH position of 3,629,701 tokens (~3.0% supply)
• Unencumbered cash of $800M
• 5‑day ADV of $1.6B, ranked #50 US

Negative

• Recent ETH price decline with impaired liquidity since Oct 10, 2025
• Concentrated crypto exposure (majority value in ETH)
• Short‑term downside risk cited ~5%–7% for ETH

Insights

Macro/Crypto Treasury Analyst

BitMine reports large crypto and cash reserves and a 3% ETH stake, a material treasury update that affects NAV and liquidity profiles.

BitMine discloses crypto + cash + "moonshots" holdings of $11.2 billion, including 3,629,701 ETH valued at $2,840 per ETH, 192 BTC, a $38 million equity stake in Eightco Holdings, and $800 million in unencumbered cash. The company states it now owns 3.0% of the ETH supply and acquired 69,822 ETH during the past week; it plans deployment of the MAVAN staking infrastructure in early 2026. These facts directly increase the firm’s reported net asset base and justify the company claim of leading ETH treasuries.

Dependencies and risks include valuation linkage to the stated spot price of ETH ($2,840) and realized liquidity when converting crypto to cash; the company itself notes recent price weakness and cites a downside range to about $2,500. Institutional backing and high trading volume, claimed as $1.6 billion average daily dollar volume (5-day), support market liquidity in BMNR stock but do not alter on‑chain or market price risk for ETH. The MAVAN deployment and the intent to reach 5% of ETH are execution items that affect long-term treasury scale but are described only as goals and planned timelines.

Watch for three near-term evidence points: actual ETH holdings and balances at the reported timestamp, any updates confirming the MAVAN deployment timeline around early 2026, and quarterly filings or audited disclosures that reconcile crypto valuations and cash balances. A material change in ETH price or in the company’s reported holdings in the next reporting cycle (quarterly or event-driven) would be the primary driver of NAV per share adjustments over the coming months.

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

BitMine Crypto + Cash Holdings + "Moonshots" total $11.2 billion, including 3.63 million ETH tokens, unencumbered cash of $800 million, and other crypto holdings

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 50th most traded stock in the US, trading $1.6 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, Nov. 24, 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 $11.2 billion.

As of November 23th at 7:30pm ET, the Company's crypto holdings are comprised of 3,629,701 ETH at $2,840 per ETH (Coinbase), 192 Bitcoin (BTC), $38 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and unencumbered cash of $800 million.

"BitMine has now acquired 3% of the Ethereum network. In the past week, BitMine acquired 69,822 ETH tokens. The Made in America Validator Network (MAVAN) will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026," 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 $57 billion. BitMine remains the largest ETH treasury in the world. 

"The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak. A few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum."

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 $1.6 billion (5-day average, as of Nov 21, 2025), ranking #50 in the US, behind Mastercard (rank #49) and ahead of Palo Alto Networks Inc (rank #51) 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-reach-3-63-million-tokens-and-total-crypto-and-cash-holdings-of-11-2-billion-302624262.html

SOURCE BitMine Immersion Technologies, Inc.

FAQ

How much crypto and cash does BitMine (BMNR) hold as of Nov 23, 2025?

BitMine reports total crypto + cash + "moonshots" holdings of $11.2 billion as of Nov 23, 2025.

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

BitMine holds 3,629,701 ETH, which the company says is about 3.0% of Ethereum supply.

What cash reserves does BitMine (BMNR) report and are they encumbered?

BitMine reports $800 million of unencumbered cash.

What recent trading activity and market rank does BitMine (BMNR) report?

BitMine says a 5‑day average daily dollar volume of $1.6 billion, ranking #50 among US stocks by trading dollar volume.

When will BitMine (BMNR) hold its 2026 annual shareholder meeting?

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

What is MAVAN and when will BitMine (BMNR) deploy it?

MAVAN (Made in America Validator Network) is BitMine's staking infrastructure, planned for deployment in early 2026.

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

Yes; BitMine acquired 69,822 ETH in the past week, per the company disclosure.