BitMine Immersion (BMNR) Announces ETH Holdings Reaching 3.5 Million Tokens and Total Crypto and Cash Holdings of $13.2 Billion

Core Insights - BitMine's total crypto and cash holdings amount to $13.2 billion, including 3.5 million ETH tokens and $398 million in unencumbered cash [1][2][3] - The company aims to acquire 5% of the total ETH supply, currently holding 2.9% [1][3] - BitMine is recognized as the largest ETH treasury globally and the second-largest crypto treasury overall, following Strategy Inc. [3] Company Holdings - As of November 9, 2025, BitMine's crypto holdings include 3,505,723 ETH valued at $3,639 per ETH, 192 BTC, and a $61 million stake in Eightco Holdings [2] - The company increased its ETH purchases by 34% over the past week, acquiring 110,288 ETH tokens [3] Trading and Market Position - BitMine is the 48th most traded stock in the US, with an average daily trading volume of $1.6 billion [4] - The combined trading volume share of BitMine and MSTR accounts for 88% of all global DAT trading volume [5] Institutional Support - BitMine is backed by prominent institutional investors, including ARK's Cathie Wood, Founders Fund, and others, which supports its goal of acquiring 5% of ETH [1][3] Industry Context - The recent dip in ETH prices has been viewed as an opportunity for increased purchases, with expectations of improved trading volumes in the upcoming weeks [5] - The company emphasizes the importance of tokenizing assets on the blockchain, which is seen as a transformative trend in financial services [3]