BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

Company Overview - BitMine Immersion Technologies has reported crypto and cash holdings exceeding $8.8 billion, marking a $2.2 billion increase from the previous week [1] - The company's crypto holdings include 1,713,899 ETH valued at $4,808 per ETH, 192 BTC, and unencumbered cash of $562 million [1] - BitMine is supported by a group of institutional investors, including ARK's Cathie Wood, Founders Fund, and others, aiming to acquire 5% of ETH [1][2] Market Position - BitMine holds the largest Ethereum treasury globally and ranks as the second-largest global treasury behind Strategy Inc, which owns 629,376 BTC valued at $71 billion [2] - The company has successfully increased its crypto and cash holdings by over 190,500 tokens in the past week, demonstrating strong capital raising capabilities from institutional investors [3] Strategic Vision - The company believes Ethereum represents one of the most significant macro trades over the next 10-15 years, with expectations of a transformation in the financial system driven by Wall Street and AI moving onto the blockchain [4] - BitMine's stock has become one of the most widely traded in the US, with an average daily dollar volume of $2.8 billion, ranking 20 among US-listed stocks [4] Business Operations - BitMine focuses on the accumulation of crypto for long-term investment through Bitcoin mining operations and capital raising transactions [5] - The company's operations are strategically located in low-cost energy regions, including Trinidad and Texas [5]