Ethereum treasury investor Bitmine Immersion Technologies (BMNR) has achieved a historic milestone, surpassing Marathon Digital to become the world’s second-largest crypto treasury holder. According to Bitmine’s official press release on October 6, the firm’s combined crypto and cash holdings now total $13.4 billion, including 2.83 million Ethereum , $456 million in unencumbered cash, and minor Bitcoin and equity stakes. At current market prices of $4,535 per ETH, Bitmine’s Ethereum reserves are now wort ...

Core Viewpoint - Cryptocurrency-related stocks in the US experienced significant gains, driven by a surge in Bitcoin and Ethereum prices [1] Group 1: Stock Performance - IREN Ltd (IREN.US) rose over 11% [1] - Bitmine Immersion Technologies (BMNR.US) increased by more than 8% [1] - Riot Platforms (RIOT.US) saw a rise of over 9% [1] - Bullish (BLSH.US) gained over 5% [1] - Strategy (MSTR.US) was up 2.7% [1] - Circle (CRCL.US) increased by more than 1.8% [1] Group 2: Cryptocurrency Price Movement - Bitcoin surpassed the $125,000 mark [1] - Ethereum experienced an intraday increase of nearly 3% [1]

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm led by Fundstrat's Thomas Lee, continued to buy ether ETH$ 4,511.82 adding 179,251 tokens to its balance sheet through last week, worth roughly $820 million at current prices.With the latest purchase, the firm's ETH stash surpassed 2.83 million tokens, more than 2% of the second largest cryptocurrency's supply, according to a Monday press release.STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypto Daybo ...

Core Insights - BitMine now owns over 2% of the total ETH token supply and aims to acquire 5% [1][2] - The company's total crypto, cash, and "moonshot" holdings amount to $13.4 billion, including 2.83 million ETH tokens and $456 million in cash [1][2] - BitMine is the largest ETH treasury globally and ranks second in total crypto treasury behind Strategy Inc [2] Company Performance - BitMine's stock is among the most traded in the US, with an average daily trading volume of $2.5 billion, ranking 28th among US-listed stocks [1][3] - The company is supported by prominent institutional investors, including ARK's Cathie Wood and Pantera [1][2] Strategic Focus - The company emphasizes the importance of Ethereum as a long-term investment, citing its reliability and potential for growth in the context of Wall Street and AI integration [2][3] - BitMine's strategy includes raising its crypto NAV per share and maintaining high trading liquidity [4] Market Context - The GENIUS Act and SEC's Project Crypto are expected to transform financial services significantly, similar to the impact of the end of the Bretton Woods system in 1971 [2] - The company believes that the macro trends of AI and crypto will drive substantial changes in the financial system over the next 10-15 years [3]

每经AI快讯，10月6日，美股加密货币概念股盘前走高，Circle涨超4%，Strategy、Coinbase涨超2%， BitMine Immersion Technologies（BMNR）涨超4%。 ...

格隆汇10月6日｜Circle、BitMine Immersion Technologies(BMNR)盘前涨超4%，Strategy、Coinbase涨超 2%。比特币此前一度突破125,000美元，创下新高。 ...

BitMine Immersion Technologies Inc. (NYSE: BMNR) is trading around $53 on Monday, up over 5% intraday, as the company disclosed its Ethereum (CRYPTO: ETH) holdings have surpassed 2.65 million, cementing its position as the world's largest ETH treasury. ETH Treasury Expands To $11.6 Billion The company reported total crypto and cash holdings of $11.6 billion, including 2,650,900 ETHvalued at $4,141 per token, 192 Bitcoin, $436 million in cash, and $157 million in "moonshot" equity investments such as Eight ...

Core Insights - BitMine Immersion Technologies (BMNR) has significantly increased its crypto and cash holdings, reaching a total of $11.6 billion, with over 2.65 million Ethereum (ETH) tokens, making it the largest corporate holder of ETH globally [1][2]. Group 1: Company Holdings - BitMine's current assets include 2,650,900 ETH and unencumbered cash reserves of $436 million, contributing to its total holdings of $11.6 billion [2]. - The company owns more than 2% of the total ETH token supply, indicating a substantial position in the market [2]. Group 2: Accumulation Strategy - The recent purchase is part of an aggressive accumulation strategy, with the treasury surpassing 2.4 million ETH just a week prior and exceeding $9 billion earlier in September [3]. - BitMine's Chairman, Thomas "Tom" Lee, describes the strategy as one of the "biggest macro trades" for the next decade, emphasizing Ethereum's reliability for integrating AI and Wall Street [4]. Group 3: Industry Trends - BitMine's strategy reflects a broader trend among public companies adopting Ethereum as a primary reserve asset, with other firms like SharpLink Gaming holding significant ETH treasuries [5]. - The increasing number of corporate treasuries indicates a growing institutional belief in Ethereum's long-term value [5]. Group 4: Market Impact - BitMine's stock (BMNR) has become the 26th most traded in the US, with an average daily trading volume of $2.6 billion, surpassing established companies like Visa [6].

Bitmine Immersion Technologies, Inc. (AMEX:BMNR) shares tumbled on Thursday, erasing an entire month’s worth of gains, as cryptocurrencies fell below key levels. However, Tom Lee‘s Ethereum (CRYPTO: ETH) treasury company maintained gains of nearly 600% since its June debut. BMNR stock is down. See the real-time price action here. Crypto DropsOver the last five days, Bitmine stock has fallen more than 16% as crypto markets hit the brakes, with Ethereum dropping below the critical $4,000 level. The correction ...

Core Viewpoint - The cryptocurrency sector experienced a widespread decline, particularly affecting Ethereum-related stocks, with significant drops in various companies' stock prices [1] Group 1: Market Performance - SharpLink Gaming (SBET.US) fell over 5% [1] - Bitmine Immersion Technologies (BMNR.US) decreased by more than 4% [1] - Bit Digital (BTBT.US) saw an increase of over 4.7% [1] - Hut 8 Mining (HUT.US) dropped more than 7% [1] - MicroStrategy (MSTR.US) declined over 4% [1] - Coinbase (COIN.US) fell by more than 2.6% [1] - Robinhood (HOOD.US) decreased by over 2.9% [1] - Circle (CRCL.US), a leading stablecoin issuer, dropped more than 3% [1] Group 2: Cryptocurrency Prices - Ethereum fell below the $4000 mark, decreasing by over 3.7% [1] - Bitcoin dropped more than 1.8%, trading at $111,250 [1]