BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

Core Insights - BitMine now holds over 2% of the total ETH token supply and aims to reach 5% as part of its long-term investment strategy [1][2] - The company's total crypto and cash holdings amount to $11.4 billion, including 2.416 million ETH tokens and $345 million in unencumbered cash [1][2] - BitMine is ranked as the 24th most traded stock in the US, with an average daily trading volume of $3.5 billion [1][3] Company Holdings - As of September 21, 2025, BitMine's crypto holdings include 2,416,054 ETH valued at $4,497 per ETH, 192 BTC, and a $175 million stake in Eightco Holdings [2] - BitMine is recognized as the largest ETH treasury globally, surpassing all competitors except for Strategy Inc, which holds 638,460 BTC valued at $74 billion [2] Market Position - The company is supported by prominent institutional investors, including ARK's Cathie Wood and others, which bolsters its goal of acquiring 5% of the ETH supply [1] - BitMine's stock has seen significant trading activity, ranking 24th among 5,704 US-listed stocks, indicating strong market interest [3] Strategic Vision - The Chairman of BitMine, Thomas "Tom" Lee, emphasizes the transformative potential of Ethereum and the convergence of Wall Street and AI on blockchain technology [2][3] - The company believes that the ongoing developments in financial services, akin to the historical changes initiated by the end of the Bretton Woods system, will create substantial investment opportunities in Ethereum [2]