BitMine’s 5.58% Rally on $1.81B Volume Ranks 27th as ETH Treasury Strategy Gains Momentum

On September 3, 2025, BitMine Immersion (BMNR) surged 5.58% with a trading volume of $1.81 billion, ranking 27th in market activity. The stock’s performance followed recent strategic updates and operational disclosures by the company.

BitMine released an updated investor presentation on September 2, aiming to enhance transparency and engage shareholders. The company emphasized its Ethereum (ETH) treasury strategy, which now includes over 1.71 million ETH tokens valued at $8.8 billion in crypto and cash holdings. This positions BitMine as the world’s largest ETH treasury and the second-largest crypto treasury globally, according to recent announcements.

The firm also announced the appointment of David Sharbutt to its board, leveraging his experience in infrastructure development to expand its digital asset capabilities. Additionally, BitMine’s stock repurchase program, approved in July, underscores management’s confidence in long-term value creation. These moves align with the company’s goal to acquire 5% of circulating ETH, supported by institutional backing from entities like ARK Invest.

BitMine’s chairman, Thomas Lee, highlighted Ethereum’s transformative potential in a recent video series, comparing its evolution to historical financial milestones. The company’s treasury strategy, combined with its market liquidity profile, continues to attract attention from investors and analysts.

Backtest results indicate that BitMine’s stock has surged over 490% year-to-date, reflecting strong institutional demand and strategic execution in crypto asset acquisition. The company’s focus on ETH aligns with its vision to become a cornerstone in the digital asset ecosystem.