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BitMine Immersion Technologies Achieves Milestone as Largest Ethereum Treasury
ByAinvest
Monday, Aug 18, 2025 5:29 pm ET1min read
BitMine Immersion Technologies Inc (BMNR) has become the world's largest Ethereum (ETH) treasury and the second largest crypto treasury globally, with crypto holdings exceeding $6.612 billion, including 1.52 million ETH tokens. The company's stock is now the 10th most liquid in the US, trading an average of $6.4 billion per day. While this achievement demonstrates strong investor confidence and strategic execution, the volatility of the crypto market and the company's reliance on Ethereum's long-term value present potential risks.
BitMine Immersion Technologies Inc (BMNR) has made significant strides in the crypto market, with its crypto holdings exceeding $6.612 billion, including 1.52 million ETH tokens. This marks a substantial increase from the $4.9 billion reported last week, reflecting a $1.7 billion surge in just one week [1].As of August 17, 2025, BitMine's crypto holdings are composed of 1,523,373 ETH at $4,326 per ETH (Bloomberg), 192 Bitcoin (BTC), and $80 million in unencumbered cash. This positions BitMine as the world's largest Ethereum treasury and the second-largest crypto treasury globally, trailing only Strategy Inc (MSTR) [1].
The company's rapid growth is attributed to strong support from a premier group of institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. This backing aims to help BitMine achieve its goal of acquiring 5% of ETH [1].
BitMine's stock has also gained significant liquidity, trading an average of $6.4 billion per day, ranking it as the 10th most liquid stock in the US. This high trading volume is a testament to the company's strategic execution and investor confidence [1].
However, the crypto market's volatility and BitMine's reliance on Ethereum's long-term value present potential risks. The company's forward-looking statements acknowledge these risks, emphasizing the need for careful evaluation of future performance outcomes [1].
BitMine's operations are centered in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas, focusing on Bitcoin and Ethereum accumulation for long-term investment [1].
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
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