BitMine Immersion Technologies Boosts Ether Holdings to $6.61B

BitMine Immersion Technologies has increased its ether holdings to $6.61B in the past week, up from $4.96B a week earlier. The company now holds 1.52M ether at $4,326 each.

Title: BitMine Immersion Technologies Expands Ether Holdings to $6.61 Billion

BitMine Immersion Technologies (BMNR) has significantly increased its ether (ETH) holdings, bringing the total value of its crypto assets to $6.61 billion. As of August 17, 2025, the company's crypto holdings comprised 1.52 million ETH at $4,326 each, along with 192 bitcoins (BTC), according to a press release [1].

This rapid growth in ETH holdings marks a significant milestone for BitMine, which has been actively accumulating the cryptocurrency since launching its ETH-denominated treasury strategy in late June. The company's holdings now rank as the world's largest corporate ETH treasury and the second-largest crypto treasury globally, trailing only Strategy Inc (MSTR) [2].

BitMine's expansion comes as corporate ether treasuries gain traction, driven by a friendlier U.S. policy backdrop for stablecoins and institutional crypto products. The company's stock has become the 10th most liquid U.S. listing, averaging $6.4 billion in daily trading value [3].

BitMine's chairman, Thomas "Tom" Lee of Fundstrat, emphasized the company's ambition to acquire as much as 5% of ETH's total supply. The company's push to accumulate ETH is part of a broader strategy to position itself as a leader in the crypto treasury space, both in terms of the velocity of raising crypto net asset value (NAV) per share and the high trading liquidity of its stock.

The company's latest increase in ETH holdings reflects a week-over-week rise of approximately $1.7 billion, bringing its total ETH holdings to 1.52 million tokens. This growth underscores the company's ability to attract institutional investors and maintain a strong market presence.

References
[1] https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-is-the-1-eth-treasury-in-the-world-now-2nd-largest-crypto-treasury-globally-and-the-10th-most-liquid-us-stock-trading-6-4-billion-per-day-on-average-302531968.html
[2] https://www.ainvest.com/news/bitmine-immersion-expands-ether-holdings-6-6-billion-week-2508/
[3] https://cointelegraph.com/news/bitmine-eth-holdings-reach-6-6b-share-price-tumbles