BitMine Immersion Surges 6.97% on $820M Volume as $2.9B ETH Treasury Secures 42nd U.S. Stock Liquidity Rank

On August 5, 2025, BitMine Immersion (BMNR) surged 6.97% with a trading volume of $820 million, ranking 114th in market liquidity. The stock’s performance followed a strategic milestone in its Ethereum (ETH) treasury expansion, which now holds 833,137 ETH valued at $2.9 billion, securing its position as the largest corporate ETH holder globally.

The rapid accumulation of 24,000 ETH per day over 35 days has positioned BitMine as the third-largest crypto treasury firm, trailing only MicroStrategy and Marathon Digital. Institutional backing from figures like Bill Miller III and Cathie Wood, alongside firms such as Founders Fund and Pantera, underscores the credibility of its strategy. The company aims to secure 5% of ETH’s total supply, potentially generating $87 million annually through staking at a 3% yield. This approach mirrors MicroStrategy’s Bitcoin model but with Ethereum, offering traditional investors a listed vehicle for ETH exposure.

BitMine’s liquidity profile further supports its appeal, with an average daily trading volume of $1.6 billion, ranking it 42nd among U.S. stocks. This liquidity enhances institutional participation and aligns with broader trends of corporate adoption of digital assets. The firm’s treasury strategy, focused on long-term value retention, highlights a shift in how corporations manage reserves in a digital financial ecosystem.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.