TLDR:
- BitMine tops ETH treasuries, holding 2.83M tokens worth over $13.4B.
- BMNR surges as BitMine claims 2%+ of ETH supply with record accumulation.
- BitMine’s bold Ethereum play lifts stock nearly 10% amid rising volumes.
- BitMine dominates ETH holdings, eyes 5% supply with strategic backing.
- Ethereum-rich BitMine rallies on trading boom and institutional trust.
BitMine Immersion Technologies surged 9.68% during Monday’s trading session, reaching $62.14 by 1:51 PM EDT.
BitMine Immersion Technologies (BMNR)
The sharp rise followed confirmation of the company’s expanding cryptocurrency reserves, which now exceed $13.4 billion. Market momentum continues to build as BitMine secures over 2% of the total Ethereum (ETH) supply.
Ethereum Holdings Strengthen BitMine’s Treasury Leadership
BitMine currently holds 2.83 million ETH, solidifying its position as the largest Ethereum treasury worldwide. This rapid accumulation places BitMine above all other corporate holders, surpassing earlier benchmarks set just months ago. It also marks a strategic step toward its target of acquiring 5% of ETH’s total supply.
In just three months, BitMine increased its ETH position from 566,776 tokens in July to 2.65 million by September. With the current total now exceeding 2.83 million ETH, the company’s asset base reflects decisive and consistent growth. This aggressive pace sets BitMine apart in both crypto strategy and market presence.
The company’s combined crypto assets and cash reserves total $13.4 billion, including $456 million in unencumbered cash. This includes minor holdings such as 192 BTC and a $113 million equity stake in Eightco Holdings (ORBS). BitMine continues to scale its balance sheet with a clear focus on Ethereum dominance.
BMNR Surges on Trading Volume and NAV Velocity
BMNR ranked as the 28th most traded stock in the United States as of October 3, 2025. The company saw average daily dollar volumes of $2.5 billion, surpassing established names like Nike. This surge in trading activity underscores increasing interest in BitMine’s growth and treasury performance.
BitMine leads its crypto treasury peers in NAV per share growth, driven by consistent asset accumulation. At the same time, strong trading liquidity ensures better price discovery and market engagement. Both these elements support the stock’s rising momentum and investor attention.
Market analysts note that BitMine’s strategic focus aligns with long-term blockchain and AI integration. As Ethereum gains adoption in financial infrastructure, BitMine’s bet on ETH positions it well for future macro shifts. Current price levels remain supported by robust volume and institutional presence.
Strategic Support and Long-Term Vision Reinforce BitMine’s Trajectory
BitMine’s shareholder base includes leading names such as ARK’s Cathie Wood, Founders Fund, Kraken, Galaxy Digital, and Pantera. Institutional backing provides strategic stability as the company accelerates its treasury objectives. High-level support also enhances credibility in both Wall Street and crypto markets.
Leadership continues to view Ethereum as a key asset in a broader macro transformation. BitMine Chairman Thomas Lee emphasized the synergy between AI growth and blockchain adoption. Ethereum’s consistent uptime and reliability strengthen the case for its use in next-gen financial infrastructure.
The firm highlighted discussions held during Token2049 in Singapore, where key Ethereum developers and blockchain players aligned on the future adoption of blockchain technology. BitMine’s path forward is closely tied to Ethereum’s ecosystem scale-up. Its commitment to holding ETH reflects confidence in a decades-long growth cycle.
