BitMine’s Treasury Nears 3% of ETH Supply, Aiming for 5% Milestone

Key Points

• BitMine Immersion Technologies holds $14.2 billion in crypto and cash assets, making it the world’s leading Ethereum treasury.
• The company’s holdings include 3.31 million ETH, 192 Bitcoin, $305 million in cash, and an $88 million investment in Eightco Holdings.

BitMine Immersion Technologies (NYSE American: BMNR) has disclosed that it now possesses $14.2 billion in combined cryptocurrency and cash assets, reinforcing its status as the world’s foremost Ethereum (ETH) treasury.

The company’s current holdings include 3.31 million ETH, valued at roughly $13.8 billion; 192 Bitcoin (BTC) ; uncommitted cash of $305 million; and an $88 million stake in Eightco Holdings. BitMine’s ETH ownership accounts for 2.8% of the total supply, moving it closer to its target of acquiring 5% of circulating Ethereum tokens.

BitMine’s Recent Acquisitions

Thomas “Tom” Lee, BitMine’s Chairman and head of Fundstrat, revealed the firm added 77,055 ETH over the past week. Lee suggested that easing tensions between the US and China could help normalize trading conditions after the significant cryptocurrency deleveraging earlier in October. “We are more than halfway toward the ‘alchemy of 5%’ of ETH,” he stated in the announcement.

BitMine’s announcement was accompanied by a resurgence in its stock. As of Oct. 27, 2025, BMNR traded at $53.48, rising 6.12% for the day after last week’s close at $50.41. The stock averages more than 51 million shares traded daily, with a market cap of $14.79 billion.

BitMine’s Position in the Market

In the past month, BMNR’s price has fluctuated between $48 and $63, making it one of the most liquid stocks in the US, currently trading behind Quantum Computing Inc. but ahead of Apple Inc. in dollar volume.

According to data, BitMine leads all publicly traded firms in ETH reserves. Following BitMine, SharpLink Gaming (SBET) holds around 859,853 ETH; Bit Digital (BTBT) owns 150,244 ETH; Coinbase (COIN) manages over 136,782 ETH through corporate reserves; and ETHZilla (ETHZ) recently launched its $403 million Ethereum treasury.

BitMine also ranks second globally in overall crypto holdings — only behind Strategy Inc. (MSTR), which owns 640,808 BTC worth approximately $73 billion. This large-scale accumulation solidifies BitMine’s profile as both a cryptocurrency investment firm and a heavily traded equity in the digital asset sector.

BitMine’s Strategy and Support

BitMine’s investor base includes leading funds such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital. The firm continues to expand through its Bitcoin mining and advisory operations in Texas and Trinidad, capitalizing on low-cost energy to optimize margins.

In the announcement, Thomas Lee compared recent regulatory progress, including the GENIUS Act and the SEC’s Project Crypto, to historic financial shifts like the 1971 end of the gold standard, which modernized US financial markets — positioning digital assets as the foundation for the next era of investment infrastructure.