BitMine Reports Massive Ethereum Holdings

BitMine Immersion Technologies (NYSE: BMNR) announced that its total cryptocurrency, cash, and investment holdings have climbed to $13.4 billion, highlighting a major accumulation of Ethereum (ETH) assets.

The company revealed it holds 3.24 million ether tokens valued at ~$13 billion, representing 2.7% of the total ETH supply. BitMine also stated its goal is to increase this share to 5%, positioning itself as one of the largest corporate holders of Ethereum globally.

Asset Breakdown

As of the latest disclosure, BitMine’s portfolio includes:

3.24 million ETH (~$13B)
192 Bitcoin (BTC)
$219 million in cash reserves
$119 million equity stake in Eightco Holdings

This diversified mix underscores BitMine’s expanding footprint in both digital assets and strategic investments within the crypto and blockchain ecosystem.

Market Reaction

Following the announcement, BMNR stock rose 5.09% pre-market to $52.39, reflecting growing investor enthusiasm around the company’s crypto exposure and accumulation strategy.

Strategic Outlook

BitMine’s aggressive accumulation of Ethereum signals:

A long-term bullish view on ETH’s utility and valuation
A shift toward institutional-scale crypto treasuries
Potential influence on Ethereum network governance and liquidity

The company’s goal to reach 5% of total ETH supply could mark a historic milestone in corporate crypto asset management.