BitMine Now Holds 3.24M ETh:$13.4B in Crypto & Cash

Key Insights:

• BitMine expands Ethereum holdings to 3.24 million ETH, representing 2.7% of circulating supply.
• New ETH purchase follows market dip, pushing BitMine’s total crypto and cash to $13.4B.
• BMNR stock ranks 33rd by U.S. trading volume, attracting major institutional investor support.

BitMine Immersion Technologies (NYSE: BMNR) has expanded its Ethereum position by acquiring approximately 203,800 ETH in the past week. The company’s total holdings now include 3.24 million ETH, along with 192 BTC, $219 million in unencumbered cash, and $119 million in equity in Eightco Holdings. As of October 19, 2025, the firm’s combined crypto and cash assets are valued at $13.4 billion.

According to a company statement, the newly added ETH was purchased amid a broader crypto market correction, which the company views as a strategic entry point. ETH was trading around $4,022 at the time of the acquisition, based on Bloomberg pricing.

Largest Ethereum Treasury in the World

BitMine now holds an estimated 2.7% of the total ETH supply, making it the largest Ethereum treasury globally. It is currently ranked as the second-largest crypto treasury overall, behind Strategy Inc. (MSTR), which holds 640,250 BTC.

Chairman Thomas “Tom” Lee stated, “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.” He also pointed to the current market conditions as a favorable setup for long-term ETH accumulation.

The company has attracted backing from several institutional investors, including ARK Invest’s Cathie Wood, Pantera, Founders Fund, and Kraken. These firms support BitMine’s long-term strategy focused on building Ethereum exposure.

Trading Volume and Market Activity

BitMine has become one of the most traded stocks in the U.S. According to Fundstrat data, BMNR stock has averaged $2.1 billion in daily trading volume over the past five days. This ranks it #33 among all U.S.-listed stocks, just behind Costco and ahead of Eli Lilly.

Lee commented, “The combined trading volume share of BitMine and MSTR is now 88% of all global DAT trading volume.” The company’s stock liquidity and market visibility continue to drive institutional interest.

Strategy and Long-Term Focus

BitMine operates as a Bitcoin and Ethereum network company. Its activities include direct crypto acquisition, mining operations, and advisory services. Facilities are based in energy-efficient locations in Texas and Trinidad.

The company has shared updated investor materials, including a corporate presentation and a message from the chairman, through its website at bitminetech.io

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