BitMine Immersion Surges 7.3% on $2.7B Trading Volume Ranks 26th as It Becomes World’s Largest ETH Holder with $3B Treasury Expansion

On August 7, 2025, BitMine Immersion (BMNR) surged 7.30% to $41.28, with a trading volume of $2.71 billion—up 58.92% from the previous day—ranking 26th in market activity. The stock’s momentum followed a strategic shift in its cryptocurrency holdings, which now include $3 billion worth of Ethereum, making it the largest ETH holder globally. This move positions BitMine as the third-largest crypto treasury after MicroStrategy and MARA Blockchain, reflecting its focus on securing a dominant role in digital assets.

The company’s chairman, Thomas Lee, highlighted the rapid accumulation of 833,137 ETH coins within 35 days, averaging $3,491.86 per token. This aligns with BitMine’s June 30 announcement to expand its ETH treasury, aiming to become a major global holder of Bitcoin and Ethereum. The strategic purchase underscores confidence in the long-term value of cryptocurrencies, particularly as Ethereum prices edged up 1.6% to $3,669 during the period.

A backtested trading strategy from 2022 to the present showed a 166.71% return by purchasing the top 500 high-volume stocks daily and holding for one day. This outperformed the benchmark by 137.53%, emphasizing the role of liquidity concentration in volatile markets. While not directly tied to BitMine’s performance, the data highlights broader market dynamics where short-term liquidity-driven strategies can yield significant gains.