BitMine (BMNR): ETH Holdings Top 3M, Assets Hit $12.9B

LAS VEGAS – October 13, 2025 – BitMine Immersion Technologies (NYSE AMERICAN: BMNR), a prominent entity in the Bitcoin and Ethereum Network ecosystem, has announced a substantial increase in its digital asset portfolio. The company's Ethereum (ETH) holdings have now surpassed an impressive 3.03 million tokens, contributing to a total crypto and cash reserve exceeding $12.9 billion. This strategic accumulation underscores BitMine's assertive approach to long-term investment in the burgeoning digital finance landscape and solidifies its position as a leading global crypto treasury.

BitMine Immersion Dominates Ethereum Treasury Landscape with $12.9 Billion in Holdings

BitMine Immersion Technologies, known for its strategic focus on the sustained accumulation of key cryptocurrencies, has reported an extraordinary financial milestone. As of October 12th, 2025, at 6:00 PM ET, the company's comprehensive crypto and cash holdings, augmented by significant “moonshot” investments, have reached a staggering $12.9 billion. This figure prominently features 3,032,188 ETH tokens, valued at $4,154 per token according to Bloomberg data, alongside 192 Bitcoin (BTC), a $135 million stake in Eightco Holdings (NASDAQ: ORBS), and $104 million in unencumbered cash reserves. This robust portfolio highlights BitMine's dedication to establishing a formidable presence in the digital asset domain.

A Strategic Accumulation: Surpassing 3 Million ETH Tokens

The recent surge in BitMine's ETH holdings is particularly noteworthy, propelling the company to own more than 2.5% of the entire ETH token supply. This achievement marks a critical halfway point in its ambitious journey towards the ‘Alchemy of 5%’ – a declared strategic objective to acquire 5% of all available Ethereum. Thomas “Tom” Lee, Chairman of BitMine and a respected figure from Fundstrat, remarked on the company's agility in leveraging market dynamics. He stated, “The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of. We acquired 202,037 ETH tokens over the past few days pushing our ETH holdings to over 3 million, or 2.5% of the supply of ETH.” This opportunistic acquisition strategy exemplifies BitMine's ability to navigate market volatility and capitalize on favorable conditions to advance its long-term investment goals.

Leading the Global Crypto Treasury Race

BitMine's impressive crypto holdings firmly establish its dominance within the global treasury landscape. The company now reigns as the #1 Ethereum treasury worldwide and secures the #2 position overall among global treasuries, second only to Strategy Inc (MSTR), which currently holds 640,031 BTC valued at $73 billion. This distinction underscores BitMine's strategic foresight in recognizing and accumulating Ethereum as a foundational asset, positioning itself at the forefront of digital asset management and institutional crypto adoption.

The “Alchemy of 5%” and Ethereum Supercycle

Chairman Lee's vision extends beyond mere accumulation; he articulates a profound understanding of Ethereum's potential, framing the current period as an “Ethereum Supercycle.” This perspective, which was a central theme in his keynote at Token2049 in Singapore, posits that Ethereum is poised for unprecedented growth driven by two powerful catalysts: the increasing integration of Artificial Intelligence (AI) and the pervasive entry of traditional Wall Street institutions into the blockchain ecosystem. Lee emphasizes that market volatility, often perceived as a challenge, in fact creates “substantial discounts to the future,” presenting unique advantages for long-term investors over short-term traders. This philosophical underpinning guides BitMine's strategy, focusing on acquiring assets during dips to maximize future returns. The company's October Chairman’s Message further elucidates this framework, providing investors with insights into the rationale behind their aggressive ETH accumulation strategy.

Policy and Innovation: A New Era for Finance

The article posits that legislative initiatives such as the GENIUS Act and the SEC’s Project Crypto are poised to be as transformative to financial services in 2025 as the US action on August 15, 1971, which ended the Bretton Woods agreement and delinked the USD from the gold standard. This historical parallel highlights a pivotal moment that catalyzed the modernization of Wall Street, giving rise to iconic financial titans and sophisticated payment rails. In this context, the argument is made that investments in digital assets, particularly those on the Ethereum blockchain, are emerging as potentially superior alternatives to traditional stores of value like gold, signaling a fundamental shift in investment paradigms and financial infrastructure.

BMNR: High Liquidity and Strong Institutional Backing

BitMine Immersion (BMNR) is not only recognized for its substantial asset base but also for its robust market presence. Data from Fundstrat reveals that BMNR is one of the most actively traded stocks in the US, with an average daily dollar volume of $3.5 billion over a five-day period (as of October 10, 2025). This impressive trading volume ranks BMNR at #22 among 5,704 US-listed stocks, placing it ahead of companies like UnitedHealth and just behind Coinbase. This high liquidity is a significant draw for institutional investors, a fact underscored by the premier group supporting BitMine. This esteemed list includes ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and personal investor Thomas “Tom” Lee. Their collective backing reinforces BitMine's goal of acquiring 5% of the total ETH supply, demonstrating strong confidence in the company's strategic direction and its potential for long-term value creation. Chairman Lee notes that the combined trading volume share of BitMine and MSTR now accounts for 88% of all global DAT trading volume, further cementing BitMine's leadership in crypto treasury peers by both the velocity of raising crypto NAV per share and the high trading liquidity of its stock.

Commitment to Investor Relations and Transparency

In its ongoing commitment to transparency and investor engagement, BitMine Immersion has made a comprehensive corporate presentation available to the public. This resource provides detailed insights into the company’s operations, strategic objectives, and financial performance. Additionally, the full text of the October Chairman’s Message, featuring Chairman Lee’s insights on the Ethereum Supercycle, is also accessible. Interested parties are encouraged to review these documents for a deeper understanding of BitMine’s vision and trajectory. To stay abreast of future announcements and developments, stakeholders are invited to sign up for updates via the company’s official communication channels.

About BitMine Immersion Technologies

BitMine Immersion Technologies operates as a dedicated Bitcoin and Ethereum Network Company, primarily focused on the accumulation of cryptocurrencies for long-term investment. This objective is realized through various means, including proprietary Bitcoin mining operations and proceeds derived from strategic capital raising transactions. The company's business lines encompass direct Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining hashrate as a financial product, offering advisory and mining services to corporations seeking Bitcoin-denominated revenues, and providing general Bitcoin advisory to public companies. BitMine strategically locates its operations in regions offering low-cost energy, specifically Trinidad, Pecos, Texas, and Silverton, Texas, optimizing its mining efficiency and cost-effectiveness.

Forward-Looking Statements Disclosure

This press release contains forward-looking statements that are subject to inherent risks and uncertainties. These statements pertain to the Company's progress toward its ETH acquisition and staking goals, the anticipated long-term value of Ethereum, the continued growth of its Ethereum treasury strategy, and the projected benefits thereof. Investors are cautioned to consider various factors, including BitMine’s capacity for technological adaptation, its ability to secure financing for current and future operations, the competitive landscape of its industry, and the fluctuating values of Bitcoin and Ethereum. Actual outcomes may differ materially from those expressed in forward-looking statements. These and other risks are detailed in BitMine’s Form 10-K filed with the SEC on April 3, 2025, and subsequent filings. BitMine disclaims any obligation to update these statements beyond the release date, except as legally mandated.