CCN is at the EBC 2025 in Barcelona. | Credit: Albert Llop/NurPhoto via Getty Image Key Takeaways Institutional products, custody solutions, and RWAs are hot topics amongst Europe’s biggest Web3 players. The European Blockchain Convention in Barcelona wraps today, October 17, 2025. Startups and well-established firms are more confident than ever in crypto’s long-term future. The crypto and blockchain industry is bustling, and institutional players are the big draw at this year’s European Blockchai ...

Core Insights - BitMine Immersion Technologies (BMNR) has significantly increased its crypto and cash holdings, reaching a total of $11.6 billion, with over 2.65 million Ethereum (ETH) tokens, making it the largest corporate holder of ETH globally [1][2]. Group 1: Company Holdings - BitMine's current assets include 2,650,900 ETH and unencumbered cash reserves of $436 million, contributing to its total holdings of $11.6 billion [2]. - The company owns more than 2% of the total ETH token supply, indicating a substantial position in the market [2]. Group 2: Accumulation Strategy - The recent purchase is part of an aggressive accumulation strategy, with the treasury surpassing 2.4 million ETH just a week prior and exceeding $9 billion earlier in September [3]. - BitMine's Chairman, Thomas "Tom" Lee, describes the strategy as one of the "biggest macro trades" for the next decade, emphasizing Ethereum's reliability for integrating AI and Wall Street [4]. Group 3: Industry Trends - BitMine's strategy reflects a broader trend among public companies adopting Ethereum as a primary reserve asset, with other firms like SharpLink Gaming holding significant ETH treasuries [5]. - The increasing number of corporate treasuries indicates a growing institutional belief in Ethereum's long-term value [5]. Group 4: Market Impact - BitMine's stock (BMNR) has become the 26th most traded in the US, with an average daily trading volume of $2.6 billion, surpassing established companies like Visa [6].