BitMine Reveals $5B Ethereum Holdings After Surpassing 1 Million ETH

BitMine Immersion Technologies (NYSE American: BMNR), the Las Vegas-based company that focuses on the accumulation of crypto for the long term, has boosted its $ETH holdings to 1,150,263 coins, continuing its position as the largest Ethereum treasury company in the world.

With the ETH stash valued near $5 billion, BitMine is rapidly scaling into an ETH-focused public company, aiming for the accumulation of 5% of the total Ether in circulation. The accumulation has inspired the ETH charts to exhibit a 16.9% uptrend this week.

Supported by major institutional investors such as ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital, BitMine is now the third-largest crypto treasury globally, following Michael Saylor’s Strategy and MARA Holdings, Inc.

BitMine Intends to Accumulate More ETH Soon

Launched in June 2025, BitMine has increased its ETH treasury rapidly, adding $2.0 billion worth of ETH in the past week alone. According to the latest insider reports, the company will soon expand its holdings, with a motto of stacking 5% of all the ETH supply. The present assets of 1.15 million ETH are nearly 1% of the total ETH supply, and the company needs the accumulation of more than 6 million ETH to reach 5%.

By accumulating more ETH, BitMine transforms from a traditional Bitcoin miner to a digital-asset treasury, contributing to the growth of the Ethereum ecosystem and the entire altcoin sector of the crypto market. The approach is similar to Saylor’s Strategy, with BTC being replaced by ETH. 

BitMine Stock Witnesses 12% Surge Following the ETH Treasury Reveal

Following the Ethereum holdings announcement, the BitMine Immersion (NASDAQ: IMMR) stock witnessed an uptrend of 12% on Monday morning. According to Thomas “Tom” Lee of Fundstrat, who serves as Chairman of BitMine’s Board of Directors, BitMine is leading crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of its stock.

As of this week’s average, BitMine stock has daily trading volume that exceeds $2 billion, becoming one of the most widely traded stocks in the U.S.A. It is ahead of established stocks such as JPMorgan and Micron Technology, primarily due to the Wall Street frenzy. South Korean investors have also chosen BitMine as the top foreign equity pick.

Ethereum Next Bitcoin? ETH’s Current Market Scenario

With Ethereum nearing its all-time high, trading at $4,300, the investors have high optimism about its long-term potential. The market sentiment is bullish, and the coin is trading above the 200-day simple moving average. It has exhibited 20 green candles in the last 30 days and outperformed 67% of the top 100 crypto assets this year. However, the bullish phase has resulted in extreme greed.

• Fear & Greed Index – 68 (Greed)
• Market Sentiment – Bullish
• Volatility – 8.44% (High)
• Dominance – 13.07%
• Supply Inflation – 0.48% (Low)

About BitMine

BitMine Immersion Technologies is a crypto asset strategy and management company that focuses on Ethereum. It is the largest Ethereum Treasury company in the world, and one of the most popular publicly traded companies (BMNR) in the U.S., and it aims to create long-term value in the digital asset revolution.