Key Holdings and Market Position
BitMine Immersion Technologies (NYSE American: BMNR) has announced that it now holds $14.2 billion in combined cryptocurrency and cash assets. This significant accumulation reinforces the company's position as the world's leading Ethereum treasury.
The company's current asset breakdown includes 3.31 million ETH, valued at approximately $13.8 billion. Additionally, BitMine holds 192 Bitcoin (BTC), $305 million in uncommitted cash, and an $88 million stake in Eightco Holdings. The company's Ethereum ownership currently represents 2.8% of the total supply, bringing it closer to its strategic goal of acquiring 5% of circulating Ethereum tokens.
Recent Acquisitions and Stock Performance
Thomas “Tom” Lee, BitMine’s Chairman and head of Fundstrat, reported that the firm acquired an additional 77,055 ETH within the past week. Lee indicated that a potential easing of tensions between the US and China could contribute to normalizing trading conditions, following a period of significant cryptocurrency deleveraging observed earlier in October. He stated in the announcement, “We are more than halfway toward the ‘alchemy of 5%’ of ETH.”
Following this announcement, BitMine's stock experienced a notable resurgence. As of October 27, 2025, BMNR was trading at $53.48, marking a 6.12% increase for the day. This follows its previous week's close at $50.41. The stock typically sees average daily trading volumes exceeding 51 million shares, with a current market capitalization of $14.79 billion.
Competitive Landscape and Leading Reserves
In the preceding month, BMNR's stock price has ranged between $48 and $63. This volatility positions it as one of the most liquid stocks in the United States. Currently, in terms of dollar volume, it trades behind Quantum Computing Inc. but ahead of Apple Inc.
Data indicates that BitMine leads all publicly traded companies in Ethereum reserves. Following BitMine, other notable holders include SharpLink Gaming (SBET) with approximately 859,853 ETH, Bit Digital (BTBT) with 150,244 ETH, and Coinbase (COIN), which manages over 136,782 ETH through its corporate reserves. ETHZilla (ETHZ) recently launched its own Ethereum treasury valued at $403 million.
Globally, BitMine ranks second in overall cryptocurrency holdings. It is surpassed only by Strategy Inc. (MSTR), which possesses 640,808 BTC, valued at approximately $73 billion. This substantial accumulation of digital assets solidifies BitMine's dual identity as a cryptocurrency investment firm and a significant equity player in the digital asset sector.
Strategic Operations and Market Support
BitMine's investor base comprises prominent funds such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital. The company continues to pursue growth through its Bitcoin mining and advisory operations located in Texas and Trinidad. These operations leverage access to low-cost energy to optimize profit margins.
In his announcement, Thomas Lee drew parallels between recent regulatory advancements, including the GENIUS Act and the SEC’s Project Crypto, and significant historical financial transformations. He referenced the end of the gold standard in 1971, which modernized US financial markets, and positioned digital assets as the foundational element for the next era of investment infrastructure.