BitMine Becomes Top Global Ethereum Holder with $13.4 Billion Treasury
BitMine Immersion Technologies (BMNR) has surpassed 3.03 million ETH, establishing itself as the world's largest Ethereum treasury. The company's total crypto and cash holdings now exceed $13.4 billion.
BitMine strategically acquired 202,037 ETH during recent market volatility. Fundstrat's Thomas Lee, Chairman of BitMine, noted that "volatility creates deleveraging" offering opportunities for long-term investors amid an "Ethereum Supercycle" driven by AI and institutional adoption.
The company's treasury includes 3,032,188 ETH, 192 BTC, a $135M stake in Eightco Holdings, and $104M in cash. This positions BitMine as the second-largest overall crypto treasury globally, trailing only Strategy Inc (MSTR) in total value but leading in ETH holdings. Key institutional backers include ARK's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas "Tom" Lee.
BMNR stock is the 22nd most traded in the US with a $3.5B average daily trading volume, highlighting its market influence and liquidity. This strong liquidity attracts institutional capital, supporting BitMine's strategy of long-term crypto accumulation through mining and capital raising.