Increased Ether Accumulation
BitMine Immersion Technologies has intensified its Ether accumulation efforts, purchasing 110,288 ETH in the past week alone. The latest purchase marks a 34% increase from the previous week, underscoring the company’s ongoing push to expand its position in the Ethereum ecosystem.
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— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 10, 2025
BitMine provided its latest holdings update for Nov 10th, 2025:
$13.2 billion in total crypto + “moonshots”:
-3,505,723 ETH at $3,639 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $61 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– unencumbered…
Growing Treasury and Strategic Outlook
With the most recent acquisition, BitMine now holds approximately 3,505,723 ETH at an average purchase price of $3,639 per token. This positions the company as the largest Ethereum treasury holder globally, with its holdings currently valued at about $12.5 billion.
The firm has set a long-term objective of securing 5% of Ethereum’s circulating supply of roughly 120.7 million tokens. Its current holdings represent 2.9%, moving it closer to that strategic benchmark.
Chairman Highlights Institutional Adoption
BitMine’s chairman Tom Lee emphasized that the recent price pullback offered a favorable entry opportunity. He pointed to increasing institutional interest in blockchain-based asset tokenization as a long-term catalyst for Ethereum’s value trajectory.
Lee maintained a bullish outlook, reiterating his belief that Ethereum is positioned for what he described as a “super cycle” that could unfold over the next decade. In October, he projected ETH could trade between $10,000 and $12,000 by the end of 2025. At present, ETH is trading at $3,561, meaning the asset would need a substantial rally to meet his forecast.
Market Reaction
Despite ETH’s recent pullback—down 13.4% over two weeks and 4.7% in the past month—BitMine’s confidence has been mirrored in its share performance. The company’s stock, BMNR, has surged more than 400% this year to reach $41.15, reflecting strong investor interest in its treasury-focused strategy.
Meanwhile, BitMine issued a statement clarifying its regulatory standing following reports that NASDAQ is tightening oversight of companies building crypto treasuries. The firm stressed that the new requirements do not apply to its operations, as it is already fully compliant with NYSE American standards.

