Key Takeaways
- BitMine Immersion Applied sciences added 234,846 ETH to achieve a complete of two,6 Ethereum tokens in its holdings.
- BitMine is now the biggest ETH treasury globally and the second-largest total crypto treasury after Technique Inc.
Share this text
BitMine Immersion Applied sciences added 234,846 Ethereum tokens to its holdings within the final week, bringing its complete ETH possession to over 2,6 million models valued at roughly $11 billion, the corporate introduced on Monday.
The main Ethereum treasury agency reported $436 million in unencumbered money, whereas its Bitcoin holdings stay regular at 192 BTC. BitMine additionally disclosed a $157 million fairness place in Eightco Holdings.
The corporate continues to rank because the world’s second-largest crypto treasury, trailing solely Technique, which holds 640,031 BTC valued at almost $72 billion.
“As we enter the ultimate months of 2025, the 2 Supercycle investing narratives stay AI and crypto. And each require impartial public blockchains. Naturally, Ethereum stays the premier alternative given its excessive reliability and 100% uptime,” mentioned Thomas “Tom” Lee, Chairman of BitMine and founding father of Fundstrat.
The corporate’s inventory has turn into some of the actively traded within the US market, with a five-day common each day buying and selling quantity of $2.6 billion as of September 26, rating twenty sixth amongst 5,704 US-listed shares, based on Fundstrat analysis.
BitMine’s institutional investor base consists of ARK’s Cathie Wooden, MOZAYYX, Founders Fund, Invoice Miller III, Pantera, Kraken, DCG, and Galaxy Digital, supporting the corporate’s purpose of buying 5% of ETH provide.
“We proceed to consider Ethereum is among the greatest macro trades over the following 10-15 years,” Lee added. “Wall Avenue and AI transferring onto the blockchain ought to result in a higher transformation of at present’s monetary system. And nearly all of that is happening on Ethereum.”
Share this text
