UPDATE: BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has just announced a groundbreaking milestone: the company now holds over 3.03 million ETH tokens, representing more than 2.5% of Ethereum’s total supply. This significant development positions BitMine as a major player in the cryptocurrency space with total assets reaching an impressive $12.9 billion as of October 12, 2025.
As the crypto market shifts, BitMine’s strategic acquisitions have propelled it to the forefront of the industry. “The recent liquidation in the crypto market allowed us to capitalize, acquiring 202,037 ETH tokens in just a few days,” said Thomas “Tom” Lee, Chairman of BitMine. His comments highlight the company’s aggressive pursuit of the ambitious goal dubbed the “alchemy of 5%”—aiming to control 5% of ETH supply.
With a daily trading volume averaging $3.5 billion, BitMine is now the 22nd most traded stock in the U.S., showcasing its remarkable liquidity and investor interest. Major institutional backers include renowned names such as ARK Invest’s Cathie Wood and Pantera Capital, further solidifying BitMine’s position in the market.
BitMine’s holdings comprise not only ETH but also 192 Bitcoin (BTC), a $135 million stake in Eightco Holdings (NASDAQ: ORBS), and $104 million in unencumbered cash. The company’s extensive treasury strategy positions it as the largest ETH treasury globally and the second largest overall, trailing only behind Strategy Inc. with its 640,031 BTC valued at $73 billion.
As BitMine moves forward, the company emphasizes the importance of the ongoing Ethereum Supercycle, a topic discussed in Lee’s keynote address at Token2049 in Singapore. “Volatility generates opportunities, allowing savvy investors to acquire assets at significant discounts,” Lee stated, reinforcing BitMine’s investment philosophy.
In light of these developments, investors and crypto enthusiasts alike should keep a close watch on BitMine’s journey as it navigates the complex landscape of cryptocurrency investment. The company’s rapid growth and strategic maneuvers not only underscore its ambition but also reflect broader trends in the crypto market.
For those interested in following BitMine’s progress, the latest Chairman’s Message and corporate presentations are available on the company’s website. Stakeholders are encouraged to stay informed through regular updates.
This announcement marks a pivotal moment for BitMine as it solidifies its status as a leader in the cryptocurrency sector, and the market will undoubtedly react to these substantial developments in the days to come.
