Bitmine Immersion Technologies Acquires $3 Billion in Ethereum Coins, Stocks Jump 6.97%

Bitmine Immersion Technologies (BMNR) rose 6.97% to $33.3 per share after acquiring over 833,000 Ethereum coins worth $3 billion. The company's chairman, Thomas Lee, stated that they have "separated ourselves among crypto treasury peers" by rapidly increasing their Ethereum holdings and liquidity. BMNR is a Bitcoin and Ethereum network company focusing on long-term crypto investment.

BitMine Immersion Technologies (BMNR) experienced a significant surge in its stock price, rising by 6.97% to $33.3 per share after acquiring over 833,000 Ethereum (ETH) coins valued at approximately $2.9 billion. This substantial acquisition has positioned BMNR as the largest corporate holder of Ethereum worldwide, as of August 2025 [1].

The acquisition reflects strong corporate confidence in Ethereum's blockchain potential and staking opportunities, significantly influencing market dynamics. BitMine's chairman, Thomas Lee, remarked that the company has "separated ourselves among crypto treasury peers" by rapidly increasing its Ethereum holdings and liquidity. BMNR is a Bitcoin and Ethereum network company focusing on long-term crypto investment [2].

The move has boosted BMNR's stock performance, making it one of the most actively traded on U.S. exchanges. The acquisition also signals a strategic shift towards Ethereum-focused treasury management within the crypto sector. Notable investors such as Bill Miller III and Cathie Wood support BMNR’s ETH accumulation strategy [1].

In addition to the Ethereum acquisition, BMNR approved a $1 billion stock repurchase plan to reinforce its ETH-centric approach. This financial strategy aligns with broader trends of corporates increasing crypto asset allocations, potentially inspiring similar moves across the industry [1].

Analysts predict that BMNR's large-scale ETH holdings could influence decentralized finance (DeFi) protocols and staking pools, potentially reshaping corporate treasury strategies. The acquisition mirrors previous Bitcoin treasury trends, highlighting Ethereum's growing role as a strategic asset [1].

BMNR's rapid accumulation of ETH has made it the third-largest crypto treasury in the world, behind only Microstrategy and Mara Blockchain. The company's ETH holdings now total 833,137 tokens, valued at over $2.9 billion [2].

BitMine Immersion Technologies' acquisition of the largest Ethereum corporate treasury underscores a pivotal shift in crypto asset management. This strategic move not only elevates BMNR’s market position but also signals increased corporate confidence in Ethereum’s future. As the crypto landscape evolves, such large-scale investments may redefine treasury practices and market dynamics.

References:
[1] https://en.coinotag.com/bitmine-immersion-technologies-may-hold-largest-ethereum-treasury-potentially-influencing-eth-market-dynamics/
[2] https://www.morningstar.com/news/pr-newswire/20250804ny43245/bitmine-immersion-bmnr-eth-holdings-exceed-833000-tokens-valued-in-excess-of-29-billion-and-largest-eth-treasury-in-world