BitMine Immersion Expands Ethereum Treasury to 2.65 Million ETH, Worth Over $11 Billion
The post BitMine Immersion Expands Ethereum Treasury to 2.65 Million ETH, Worth Over $11 Billion appeared on BitcoinEthereumNews.com.
Key highlights: BitMine Immersion (BMNR) has increased its Ethereum holdings to 2.65 million ETH, valued at around $11 billion. The company’s recent purchases totaled nearly $1 billion in ETH, strengthening its position as the largest Ethereum treasury holder. BMNR stock rose over 6% following the announcement, though it remains slightly down over the past week. BitMine Immersion Technologies (BMNR) has deepened its bet on Ethereum, announcing that its treasury now holds 2.65 million ETH, worth more than $11 billion. The Las Vegas-based company disclosed the figure in its latest update, revealing an increase of roughly 234,846 ETH (equivalent to about $980 million) since its last report on September 22. Alongside its Ethereum position, BitMine reported 192 Bitcoin (valued at approximately $21.5 million), $157 million in strategic equity stakes, and $436 million in unencumbered cash. Altogether, the company’s crypto and cash holdings now total around $11.6 billion. 🟢 SΞR NEWS: Bitmine Immersion $BMNR has added 234,846 ETH last week bringing their total reserve to 2,650,900 ETH ($11B). 💵 Cash available: $436M pic.twitter.com/3xSoohULhu — Strategic ETH Reserve (SΞR) (@SERdotxyz) September 29, 2025 Largest Ethereum treasury firm BitMine’s holdings represent about 2.2% of Ethereum’s circulating supply of 120.7 million ETH, cementing its lead as the largest corporate ETH treasury. Its nearest rival, SharpLink Gaming, holds roughly 838,730 ETH, followed by The Ether Machine with around 495,360 ETH, according to data from StrategicEthReserve. On a broader scale, BitMine is the second-largest public crypto treasury firm globally, trailing only Michael Saylor’s Strategy Inc., which recently announced holdings of 640,031 BTC worth $71.8 billion, over 3% of Bitcoin’s total capped supply. Long-term strategy and “supercycle” thesis BitMine Chairman Tom Lee, who also leads research firm Fundstrat, described Ethereum as central to the firm’s long-term investment thesis. He emphasized that Ethereum, with its record of 100% uptime…
Filed under: News - @ September 29, 2025 10:28 pm