BitMine Immersion (BMNR) Announces Crypto and Cash Holdings of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

Core Insights - BitMine Immersion Technologies has announced total crypto and cash holdings of $10.771 billion, which includes 2.151 million ETH tokens and $569 million in unencumbered cash [1][2] - The company is supported by prominent institutional investors and aims to acquire 5% of the total ETH supply [1][2] - BitMine is currently the largest ETH treasury globally and ranks as the second-largest crypto treasury, following Strategy Inc [2] Financial Overview - As of September 14, 2025, BitMine's crypto holdings consist of 2,151,676 ETH valued at $4,632 per ETH, 192 BTC, and a $214 million stake in Eightco [2] - The company has achieved a significant milestone by surpassing 2 million ETH in holdings, positioning itself as a leader in the crypto treasury space [2][3] Market Position - BitMine is one of the most actively traded stocks in the US, with an average daily trading volume of $2.0 billion, ranking 28th among US-listed stocks [3] - The company is leveraging the convergence of Wall Street and AI on the blockchain to transform the financial system, particularly through Ethereum [3] Strategic Vision - The Chairman of BitMine, Thomas "Tom" Lee, emphasizes the importance of Ethereum as a major macro trade over the next 10-15 years, driven by the movement of traditional finance onto the blockchain [3] - The company is focused on long-term investment strategies in crypto, including Bitcoin mining and advisory services [4]