Ethereum News Today: BitMine's 5% ETH Push Echoes Bretton Woods' Financial Shift

BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has announced that its Ethereum (ETH) holdings now exceed 2.65 million tokens, surpassing 2% of the total ETH supply and marking progress toward its stated goal of acquiring 5% of the network. As of September 28, 2025, the company’s total crypto and cash holdings, including "moonshots" investments, amount to $11.6 billion. This includes 2.65 million ETH valued at $4,141 per token, 192 Bitcoin (BTC), a $157 million stake in Eightco Holdings (NASDAQ: ORBS), and unencumbered cash of $436 million. BitMine remains the largest Ethereum treasury globally, with total ETH holdings outpacing those of MicroStrategy (MSTR), which holds 639,835 BTC valued at $71 billion.

The company’s institutional investor base includes prominent figures and firms such as ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, and personal investor Thomas “Tom” Lee, who serves as chairman of BitMine. These investors support BitMine’s strategic focus on accumulating ETH, a move Lee describes as part of a broader "Alchemy of 5%" initiative to secure a significant stake in the Ethereum network. The company’s stock has also gained traction as one of the most actively traded in the U.S., with a 5-day average daily trading volume of $2.6 billion, ranking it 26th among 5,704 listed stocks.

Thomas Lee emphasized Ethereum’s strategic role in the convergence of blockchain technology and artificial intelligence, calling it a “supercycle” that will drive long-term value for large ETH holders. He highlighted the GENIUS Act and the SEC’s Project Crypto as transformative developments akin to the 1971 end of the Bretton Woods system, which catalyzed modern financial markets. Lee further noted that Ethereum’s reliability and 100% uptime position it as the preferred blockchain for neutral public infrastructure, underpinning its macroeconomic significance over the next decade.

BitMine’s strategy aligns with broader market dynamics, including the SEC’s regulatory actions and the integration of AI into financial systems. The company’s high-trading liquidity and rapid growth in crypto net asset value (NAV) per share distinguish it from peers. However, the company’s forward-looking statements, including projections of ETH acquisition and market conditions, carry risks related to technological shifts, market competition, and cryptocurrency price volatility.

BitMine operates Bitcoin and Ethereum mining facilities in low-cost energy regions across Trinidad, Texas, and continues to expand its treasury through capital-raising initiatives and synthetic mining partnerships. The company’s corporate presentation and chairman’s message are available on its investor relations page, with additional updates accessible via its social media channels.

Source: [1] BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2 of Ethereum Network With ETH Holdings Exceeding 2-4 Million Tokens and Total Crypto and Cash Holdings of $11-4 Billion (https://finviz.com/news/171997/bitmine-immersion-bmnr-announces-eth-holdings-exceed-2-of-ethereum-network-with-eth-holdings-exceeding-24-million-tokens-and-total-crypto-and-cash-holdings-of-114-billion) [2] BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2-65 Million Tokens and Total Crypto and Cash Holdings of $11-6 Billion (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-announces-eth-holdings-exceeding-2-65-million-tokens-and-total-crypto-and-cash-holdings-of-11-6-billion-302569157.html)