BitMine Immersion Technologies (“BitMine” or the “Company”) a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, today announced crypto BitMine crypto + cash + “moonshots” holdings totalling $11.6 billion.
As of September 28th at 7:00pm ET, the Company’s crypto holdings are comprised of 2,650,900 ETH at $4,141 per ETH (Bloomberg), 192 Bitcoin (BTC), $157 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and unencumbered cash of $436 million.
BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 639,835 BTC valued at $71 billion. BitMine remains the largest ETH treasury in the world.
“As we enter the final months of 2025, the two Supercycle investing narratives remain AI and crypto. And both require neutral public blockchains. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime. These two powerful macro cycles will play out over decades. Since ETH’s price is a discount to the future, this bodes well for the token and is the reason BitMine’s primary treasury asset is ETH,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. “As we mentioned in our August Chairman’s message, the power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH.”
The GENIUS Act and SEC’s Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” continued Lee. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”
BitMine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $2.6 billion (5-day average, as of September 26, 2025), ranking #26 in the US, behind Marvell Technology (rank #25) and ahead of Visa (rank #27) among 5,704 US-listed stocks (statista.com and Fundstrat research).
“At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock,” said Lee.
