BitMine Immersion Technologies (AMEX:BMNR) revealed that its cryptocurrency portfolio has now exceeded $6.61 billion, making it the largest Ethereum (COIN:ETHUSD) reserve globally and the second-largest crypto stash overall, trailing only Strategy Inc. (NASDAQ:MSTR).
The company currently holds 1.52 million ETH alongside 192 BTC. In a major acquisition last week, BitMine added 373,110 ETH to its holdings, boosting the value of its digital assets by $1.7 billion, while its Bitcoin balance remained unchanged.
BitMine aims to secure 5% of all circulating Ether. Under CEO Thomas “Tom” Lee, the firm has emphasized strong backing from institutional investors, including partners such as Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, Kraken, Digital Currency Group, and Bill Miller III.
Lee likened the current wave of U.S. regulations—highlighted by the GENIUS Act and the SEC’s “Project Crypto”—to the historic dismantling of the gold standard in 1971. He envisions Ethereum playing a central role in the next decade to 15 years of macroeconomic evolution, bridging blockchain, AI, and financial markets.
In trading activity, BitMine shares averaged $6.4 billion in daily volume over the five days ending August 8, 2025, placing the stock 10th in liquidity among U.S. equities, surpassing major names like JPMorgan (NYSE:JPM) and Alphabet (NASDAQ:GOOGL), with a six-month return of 776%.
The company first disclosed its Ethereum treasury in late June and began accelerated acquisitions in July.
BitMine Immersion Technologies stock price
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