BitMine Immersion Technologies has reported its crypto and cash holdings totaling $10.8 billion, making it one of the largest holders of Ethereum.
Overview of BitMine
BitMine Immersion Technologies, trading under the ticker BMNR on NYSE AMERICAN, focuses on accumulating crypto for long-term investments. The company receives backing from institutional investors including ARK's Cathie Wood and Thomas Lee from Fundstrat.
Structure of Company Assets
As of September 14, 2025, BitMine holds 2,151,676 ETH at a price of $4,632 per ETH, and additionally has 192 Bitcoin and a $214 million stake in Eightco. The company has $569 million in unencumbered cash, making it the largest ETH holder globally.
Future Outlook
Thomas Lee emphasized that the shift of financial services onto blockchain and the emergence of token economies create potential for significant growth in Ethereum. He stated that Ethereum presents one of the most significant investment opportunities over the next 10-15 years.
BitMine continues to expand, exerting considerable influence on the cryptocurrency market, as evidenced by its assets and support from leading institutional investors.
