BitMine's ETH Holdings Near $5B After $2B Purchase; BMNR Leads in Trading Volume

BitMine Immersion Technology, led by Fundstrat's Tom Lee, has added $2 billion to its ETH holdings, bringing total holdings to near $5 billion. The firm's ETH stash exceeded 1.15 million tokens, and its stock has become one of the most traded in the US market, averaging $2.2 billion in daily trading volume last week. The buying frenzy by digital asset treasury companies helped ETH rally to new cycle highs, topping $4,300 over the weekend.

Title: BitMine Immersion Technology Bolsters ETH Holdings, Becomes Top-Traded Stock

BitMine Immersion Technology, led by Fundstrat's Tom Lee, has added $2 billion to its ETH holdings, bringing total holdings to near $5 billion. The firm's ETH stash exceeded 1.15 million tokens, and its stock has become one of the most traded in the US market, averaging $2.2 billion in daily trading volume last week. The buying frenzy by digital asset treasury companies helped ETH rally to new cycle highs, topping $4,300 over the weekend.

BitMine, a Bitcoin and Ethereum Network Company, has been aggressively pursuing an ETH treasury strategy. According to a press release, the company's ETH holdings increased from $2.9 billion to $4.96 billion in just one week [1]. This rapid growth has positioned BitMine as the largest ETH treasury in the world and the third-largest crypto treasury globally, following only Microstratategy and Mara Blockchain.

The company's success in accumulating ETH has been supported by a premier group of institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital [1]. BitMine's goal is to acquire 5% of the total ETH supply, which would significantly influence the market dynamics of the cryptocurrency.

The increased ETH holdings have not only attracted investor attention but also elevated BitMine's stock to the 25th most liquid US stock, trading $2.2 billion per day on average [2]. This high trading volume allows the company to raise funds efficiently without significantly impacting the stock price.

The company's aggressive ETH acquisition strategy has drawn criticism from some Bitcoin maximalists who question the use of a Bitcoin logo for raising funds to purchase ETH [4]. However, this has not deterred BitMine from pursuing its goal, as seen in its latest announcement of plans to raise up to $20 billion more through stock sales to buy additional ETH [3].

BitMine's success in accumulating ETH and its high trading volume position it as a significant player in the digital asset market. As the company continues to grow its ETH holdings, it is likely to have a substantial impact on the ETH market and the broader crypto ecosystem.

References:
[1] https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-1-15-million-tokens-valued-in-excess-of-4-96-billion-and-largest-eth-treasury-in-world-302526216.html
[2] https://seekingalpha.com/news/4483180-bitmine-immersion-eth-holdings-exceed-115-million-tokens-shares-rise?feed_item_type=news
[3] https://www.coindesk.com/business/2025/08/12/tom-lee-s-bitmine-aims-to-raise-as-much-as-usd20b-for-more-eth-buys
[4] https://u.today/bitcoiners-slam-eth-uberbull-tom-lee-for-fundraising-with-btc-logo