BitMine Immersion Becomes World’s Largest Ethereum Treasury with $4.96 Billion in Holdings
Hey, have you heard the latest about BitMine Immersion, the company behind the BMNR stock? It’s making some huge waves right now in the crypto world. So, here’s the scoop — BitMine has just announced that its Ethereum holdings have surged past 1.15 million ETH tokens. At the current price of around $4,311 per token, that puts their total Ethereum stash at more than $4.96 billion. Yep, that’s almost $5 billion worth of ETH sitting in their treasury.
This is a pretty big deal because it officially makes BitMine the largest Ethereum treasury in the entire world. In fact, they’re not just sitting on top in terms of ETH holdings — their total crypto treasury ranks as the third largest worldwide, just behind giants like MicroStrategy and Mara Blockchain. And get this — just last week, they had around $2.9 billion in ETH, so this jump to nearly $5 billion happened incredibly fast, in just a matter of days.
Thomas “Tom” Lee, who is the Chairman of BitMine’s Board, pointed out how quickly the company is growing its crypto net asset value per share, and how their stock is trading with really high liquidity. BitMine’s stock is now one of the most actively traded in the U.S., with an average daily trading volume hitting about $2.2 billion. That puts BMNR at number 25 in daily trading volume out of over 5,700 U.S.-listed stocks, just behind Costco and ahead of JPMorgan.
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What’s driving all this? BitMine launched its Ethereum Treasury strategy at the end of June, and since then they’ve been aggressively acquiring ETH to reach what they call the “alchemy of 5%” — meaning their goal is to own 5% of all Ethereum tokens in circulation. The company is supported by some heavy hitters in the investment world, including Cathie Wood’s ARK Invest, Founders Fund, Pantera, Kraken, Galaxy Digital, and more.
BitMine isn’t just about holding crypto either — they also operate Bitcoin mining businesses in places like Texas and Trinidad, and they provide advisory services related to Bitcoin mining and blockchain technology.
So basically, BitMine is positioning itself as a major player not only in crypto holdings but also in crypto infrastructure and services. For anyone watching the intersection of traditional stocks and digital assets, BMNR is definitely a ticker to keep an eye on.
If you want to dig deeper, BitMine has a detailed corporate presentation available on their website, and they keep updating investors on their strategy and progress. It’s quite fascinating to see a company scaling up this quickly in the crypto treasury space.
In short, BitMine Immersion’s rapid accumulation of Ethereum and massive trading volume is a strong signal that crypto is becoming an even bigger part of the mainstream financial ecosystem, and BMNR is right at the forefront of that movement.
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