BitMine’s strategic accumulation pushes them past 2% ownership of all ETH, eyeing a significant 5% stake.
The total value of BitMine’s crypto portfolio, including cash reserves and promising investments (“moonshots”), reaches $11.4 billion. This encompasses 2.416 million ETH tokens, a $345 million cash reserve, and other crypto assets.
BitMine ranks as the 24th most actively traded stock in the U.S., with a daily trading volume averaging $3.5 billion (based on a 5-day period).
Leading institutional investors, such as Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and notable individual investor Thomas “Tom” Lee, continue to back BitMine’s ambition to control 5% of the total ETH supply.
LAS VEGAS, Sept. 22, 2025 /PRNewswire/ — (NYSE AMERICAN: BMNR) BitMine Immersion Technologies (“BitMine”), a company focused on both Bitcoin and Ethereum network activities, particularly accumulating crypto for long-term investments, today reported a total crypto, cash, and investment (“moonshots”) portfolio valued at $11.4 billion.
As of September 21st at 4:00pm ET, BitMine’s holdings included 2,416,054 ETH valued at $4,497 each (according to Bloomberg data), 192 Bitcoin (BTC), a $175 million investment in Eightco Holdings (NASDAQ: ORBS), classified as “moonshots,” and a readily available cash balance of $345 million.
BitMine’s digital asset reserves position it as the leading Ethereum treasury globally and the second-largest overall, surpassed only by Strategy Inc (MSTR), whose Bitcoin holdings amount to 638,460 BTC, worth approximately $74 billion. BitMine retains its status as the single largest holder of Ethereum.
“BitMine’s ETH holdings now represent over 2% of the total supply, marking progress toward our target of owning 5% of all ETH. We initially reached the 1% milestone in early August when BitMine’s stock price averaged $38 (based on a 20-day moving average). Now, exceeding 2% ownership, our share price has risen to over $61,” stated Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. “As we highlighted in our August Chairman’s communication, the integration of Wall Street with blockchain technology and the rise of AI, particularly agentic-AI creating a tokenized economy, are driving a significant growth phase for Ethereum. The benefits disproportionately favor large ETH holders, which is why we are pursuing the ‘alchemy of 5%’ ETH ownership.”
The GENIUS Act and the SEC’s Project Crypto are poised to revolutionize financial services in 2025, similar to the impact of the U.S. decision on August 15, 1971, when it ended the Bretton Woods system and severed the U.S. dollar’s tie to the gold standard. That event, 54 years ago, spurred the modernization of Wall Street, creating today’s prominent financial institutions and payment networks, which have proven to be more valuable than gold.
“We continue to see Ethereum as a major investment opportunity over the coming 10-15 years,” Lee added. “The combination of Wall Street’s adoption of blockchain and AI’s expansion within the space should lead to a fundamental restructuring of today’s financial systems, and much of this activity is taking place on Ethereum.”
BitMine has become one of the most actively traded stocks in the United States. Data from Fundstrat shows that the stock’s average daily trading volume has reached $3.5 billion (based on a 5-day average as of September 21, 2025), positioning it at #24 among all U.S.-listed companies, trailing Opendoor Technologies (ranked #23) and surpassing Eli Lilly (ranked #25), among a total of 5,704 stocks (according to statista.com and Fundstrat research).
“At BitMine, we are outpacing our peers in crypto treasury management, both in terms of increasing crypto NAV per share and maintaining high trading liquidity for our stock,” Lee concluded.
The company recently published a corporate presentation, available here: https://bitminetech.io/investor-relations/
The Chairman’s message can be accessed at: https://www.bitminetech.io/chairmans-message
To stay updated, please register at: https://bitminetech.io/contact-us/
About BitMine
BitMine operates within the Bitcoin and Ethereum networks, focusing on long-term crypto asset accumulation through its Bitcoin mining activities and capital raising. Business activities encompass Bitcoin mining, synthetic Bitcoin mining (via participation in mining), offering Bitcoin mining hashrate as a financial product, providing advisory and mining services to businesses aiming to generate Bitcoin-based revenue, and offering general Bitcoin advisory services to publicly traded companies. BitMine’s operations are situated in regions with affordable energy, including Trinidad, Pecos, Texas, and Silverton, Texas.
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https://x.com/bitmnr
https://x.com/fundstrat
https://x.com/bmnrintern
Forward Looking Statements
This announcement includes “forward-looking statements,” which are subject to risks and uncertainties. Any statements that are not purely historical are considered forward-looking. Specifically, this document contains forward-looking statements relating to the Company’s progress in acquiring and staking ETH, the projected long-term value of Ethereum, the continuing development and advancement of the Company’s Ethereum treasury strategy, and the potential advantages for the Company. When evaluating these statements, several factors should be considered, including BitMine’s ability to adapt to technological advancements and changing market demands, its capacity to fund its current operations, Ethereum treasury initiatives, and future business plans, the competitive landscape of BitMine’s industry, and the future values of Bitcoin and Ethereum. Actual outcomes and results could significantly differ from those indicated in these statements. Forward-looking statements are subject to various conditions, many of which are outside of BitMine’s control, including those detailed in the Risk Factors section of BitMine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 3, 2025, and all other SEC filings as amended. Copies of BitMine’s filings are accessible on the SEC’s website at www.sec.gov. BitMine does not commit to updating these statements following this release, except as legally required.
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