SEC's Project Crypto

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BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens and Total Crypto and Cash Holdings of $13.4 Billion
Prnewswire· 2025-10-06 12:15
Core Insights - BitMine now owns over 2% of the total ETH token supply and aims to acquire 5% [1][2] - The company's total crypto, cash, and "moonshot" holdings amount to $13.4 billion, including 2.83 million ETH tokens and $456 million in cash [1][2] - BitMine is the largest ETH treasury globally and ranks second in total crypto treasury behind Strategy Inc [2] Company Performance - BitMine's stock is among the most traded in the US, with an average daily trading volume of $2.5 billion, ranking 28th among US-listed stocks [1][3] - The company is supported by prominent institutional investors, including ARK's Cathie Wood and Pantera [1][2] Strategic Focus - The company emphasizes the importance of Ethereum as a long-term investment, citing its reliability and potential for growth in the context of Wall Street and AI integration [2][3] - BitMine's strategy includes raising its crypto NAV per share and maintaining high trading liquidity [4] Market Context - The GENIUS Act and SEC's Project Crypto are expected to transform financial services significantly, similar to the impact of the end of the Bretton Woods system in 1971 [2] - The company believes that the macro trends of AI and crypto will drive substantial changes in the financial system over the next 10-15 years [3]
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
Prnewswire· 2025-09-22 11:00
Accessibility StatementSkip Navigation BitMine now owns greater than 2% of the ETH token supply as it moves towards the 'Alchemy of 5%' BitMine Crypto + Cash Holdings + "Moonshots" total $11.4 billion, including 2.416 million ETH Tokens, unencumbered cash of $345 million, and other crypto holdings BitMine is the 24th most traded stock in the US, trading $3.5 billion per day (5-day avg) BitMine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund ...