BitMine Immersion (BMNR) Announces ETH Holdings Reaching 3.4 Million Tokens and Total Crypto and Cash Holdings of $13.7 Billion

Core Insights - BitMine Immersion Technologies has reported total crypto and cash holdings of $13.7 billion, including 3.4 million ETH tokens and $389 million in unencumbered cash, positioning itself as a leading player in the crypto treasury space [1][2][4] - The company aims to acquire 5% of the total ETH supply, currently holding 2.8% [1][2] - BitMine is recognized as the largest Ethereum treasury globally and the second-largest crypto treasury overall, following Strategy Inc [2] Financial Performance - As of November 2, 2025, BitMine's crypto holdings include 3,395,422 ETH valued at $3,903 per ETH, 192 BTC, and a $62 million stake in Eightco Holdings [2] - The company has increased its cash holdings from $305 million to $389 million and acquired 82,353 ETH tokens in the past week [2] - BitMine's stock trades with an average daily volume of $1.5 billion, ranking it as the 60th most traded stock in the US [3] Market Context - The crypto market is recovering from its largest single-day liquidation event on October 10, 2025, which has impacted trading volumes [4] - The fourth quarter is historically strong for crypto and equity prices, suggesting potential increases in trading volumes and open interest [4] - BitMine's trading volume, combined with that of MSTR, accounts for 88% of all global DAT trading volume, highlighting its liquidity appeal to institutional investors [4] Strategic Vision - The company is focused on long-term investment in crypto, leveraging its Bitcoin mining operations and capital raising transactions [5] - BitMine's operations are strategically located in low-cost energy regions, enhancing its competitive advantage in the market [5] - The Chairman of BitMine, Thomas "Tom" Lee, draws parallels between current regulatory changes in crypto and historical financial events, suggesting transformative potential for the industry [2]