BitMine Immersion (BMNR) Announces ETH Holdings Reaching 3.5 Million Tokens and Total Crypto and Cash Holdings of $13.2 Billion
Rhea-AI Summary
BitMine Immersion (NYSE AMERICAN: BMNR) announced total crypto, cash and "moonshots" holdings of $13.2 billion as of Nov 9, 2025. Holdings include 3,505,723 ETH (valued at $3,639 per ETH), 192 BTC, a $61 million stake in Eightco Holdings (ORBS), and $398 million of unencumbered cash. BitMine said it acquired 110,288 ETH over the prior week (34% more than the week before), representing 2.9% of ETH supply and passing the halfway point toward a 5% target. The company reported average daily dollar trading volume of $1.6 billion (5-day avg) and a US rank of #48 by dollar volume, calling BitMine the largest ETH treasury and #2 global crypto treasury by value.
Positive
- Holdings $13.2B total crypto + cash + moonshots
- 3,505,723 ETH holdings (2.9% of ETH supply)
- $398M unencumbered cash available
- $1.6B average daily trading volume (5-day avg), US rank #48
Negative
- ETH price sensitivity: valuation tied to ETH spot price at $3,639
- Concentration risk: majority exposure to ETH as primary asset
Insights
BitMine reports a large crypto treasury: $13.2B in crypto + cash, 3.5M ETH (2.9% of supply), and high trading liquidity.
BitMine shows concentrated balance-sheet exposure to Ethereum with 3,505,723 ETH valued at
Dependencies and risks are directly tied to the disclosed facts: reported NAV and liquidity rely on the market price of ETH and BTC and on continued institutional support named in the release. The company highlights recent incremental purchases (110,288 ETH in one week) following an ETH price decline and cites continued backing from several institutional names. Performance of the NAV per share and trading volumes depend on the same asset prices and on market demand for the stock; the release cites a
Concrete items to watch in the near term are the path to the
BitMine Crypto + Cash Holdings + "Moonshots" total
BitMine now owns
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 48th most traded stock in the US, trading
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
As of November 9th at 8:00pm ET, the Company's crypto holdings are comprised of 3,505,723 ETH at
"The recent dip in ETH prices presented an attractive opportunity and BitMine increased its ETH purchases this week," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine. "We acquired 110,288 ETH tokens over the past week,
BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (MSTR), which owns 641,205 BTC valued at
"This past week, BitMine and the Ethereum Foundation hosted an event at the revered NYSE building, hosting many financial institutions for a summit," continued Lee. "To me, it is evident that Wall Street is very interested in tokenizing assets onto the blockchain, creating greater transparency and unlocking new value for issuers and investors. This is the key fundamental story and supports our view that Ethereum is a super cycle story over the next decade."
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
"In the aftermath of crypto's largest ever single day deleveraging event on October 10th, crypto trading volumes are still recovering, which also affect crypto equities. The fourth quarter is seasonally strong for crypto and equity price, and historically encourages investors to increase 'open interest' and therefore, associated trading volumes should improve in coming weeks. BitMine continues to attract institutional investor capital as our high liquidity is appealing. The combined trading volume share of BitMine and MSTR is now
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
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 does BitMine (BMNR) report holding as of Nov 9, 2025?
What is BitMine's (BMNR) reported total crypto and cash value on Nov 9, 2025?
How much unencumbered cash does BitMine (BMNR) hold?
What percentage of ETH supply does BitMine (BMNR) own and what is the 5% target?
How many ETH did BitMine (BMNR) acquire in the most recent week and what was the change?
What is BitMine's (BMNR) reported trading liquidity and US rank by dollar volume?
