LAS VEGAS — BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has made another big move in the cryptocurrency world. The company recently announced that its total crypto, cash, and investment holdings have now reached $13.4 billion. This huge milestone shows just how fast BitMine has grown and how strongly it has positioned itself in the digital asset market.
A Record Year for BitMine
Over the past year, BitMine’s stock has delivered an amazing 2,392% return, according to InvestingPro data. This kind of growth is rare and highlights how confident investors have become in the company’s strategy and leadership.
The company’s total portfolio includes:
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3,236,014 Ethereum (ETH), worth about $13 billion at the current price of $4,022 per ETH
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192 Bitcoin (BTC)
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A $119 million stake in Eightco Holdings (NASDAQ: ORBS)
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About $219 million in cash
With these assets, BitMine has built a massive presence in the crypto industry. Its market capitalization currently stands at $14.19 billion, showing that investors value the company even higher than its direct holdings.
Owning a Big Part of Ethereum
BitMine now owns about 2.7% of all Ethereum tokens in existence. That’s a major share of the total ETH supply. The company’s long-term goal is to reach 5% ownership of all Ethereum, a project they call the “Alchemy of 5%.”
Chairman Thomas Lee shared that the company recently purchased another 203,826 ETH in just one week, bringing its total to 3.24 million ETH. This shows BitMine’s strong belief in Ethereum’s future and its determination to become the world’s top institutional holder.
Currently, BitMine is already the largest institutional holder of Ethereum globally, and the second-largest crypto treasury overall. The only company ahead of it is Strategy Inc (MSTR), which holds around 640,250 Bitcoin valued at $69 billion.
High Trading Volume and Market Attention
BitMine’s stock is not only growing in value—it’s also becoming one of the most actively traded stocks in the U.S. market. In the last five days, it has had an average daily trading volume of $2.1 billion, making it the 33rd most traded stock in the country.
This surge in trading activity shows how much attention BitMine is getting from both retail and institutional investors. Many see it as a promising opportunity in the rapidly expanding world of crypto-related companies.
Surviving Market Challenges
The company’s latest announcement came right after what it called “one of the largest deleveraging events” in the crypto market. This event caused a temporary drop in Ethereum’s price, but BitMine took it as an opportunity to strengthen its position.
By buying more ETH during this downturn, BitMine demonstrated confidence in the long-term value of Ethereum and the broader blockchain ecosystem. Instead of slowing down, it used the dip to expand its holdings—a move that many investors view as bold and strategic.
Financial Growth and Investments
BitMine recently completed a $365.2 million equity raise, selling about 5.2 million shares at $70 each to an institutional investor. Moelis & Co served as the sole placement agent for this transaction. The additional funds will likely help BitMine continue its goal of acquiring more crypto assets and expanding its operations.
Along with its core crypto holdings, BitMine also has a growing investment portfolio. One of its major investments is in Eightco Holdings, worth around $119–$135 million. BitMine refers to this as part of its “moonshots” portfolio, which includes high-potential investments outside of mainstream crypto assets.
Positive Analyst Outlook
Financial analysts are also showing growing confidence in BitMine’s future. The investment firm B.Riley recently started coverage of BitMine Immersion Technologies with a “Buy” rating and set a price target of $90 per share.
According to B.Riley, BitMine’s experienced management team and its ambitious strategy to own 5% of Ethereum’s supply make it a unique player in the market. The firm also praised the company’s balance between holding crypto assets and maintaining cash reserves, which gives it flexibility and stability.
A Leader in Crypto Treasuries
BitMine’s rapid growth has earned it a strong reputation among crypto treasury companies—firms that hold digital assets as part of their long-term investment strategy. Unlike smaller players, BitMine focuses not only on acquiring cryptocurrencies but also on maintaining high stock liquidity, ensuring that institutional investors can easily buy or sell shares.
This approach allows BitMine to operate like a traditional investment company while still benefiting from the explosive potential of digital currencies. Its blend of crypto exposure, solid liquidity, and institutional trust makes it one of the most innovative companies in the digital finance space today.
Looking Ahead
BitMine’s journey is far from over. With 2.7% of Ethereum already in its hands, the company is halfway toward its ultimate goal of holding 5% of all ETH. Achieving this target would give BitMine massive influence in the Ethereum network and strengthen its position as one of the top crypto powerhouses in the world.
The company’s focus on growth, combined with smart investment decisions and strong investor confidence, paints a bright picture for its future. If Ethereum continues to rise in value, BitMine’s holdings could become even more valuable—pushing its total assets far beyond the current $13.4 billion mark.
Conclusion
BitMine Immersion Technologies has proven itself to be a major force in the crypto world. From building one of the largest Ethereum portfolios in history to maintaining billions in cash and investments, the company is setting new records. Its mix of strategic planning, bold acquisitions, and strong investor backing makes it one of the most exciting names to watch in the cryptocurrency industry.
As BitMine continues to grow and move toward its 5% Ethereum goal, it’s clear that the company is not just participating in the crypto revolution—it’s helping to lead it.
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