BitMine Immersion Bets Big on Ethereum as Treasury Soars Past $6.6B

BitMine Immersion is getting attention in the financial world and in the crypto industry after growing its Ethereum (ETH) holdings to over $6.6 billion. This bold move pushed the company ahead of popular crypto miner MARA in crypto reserves. It also highlighted its ambitious plan to claim a larger share of the Ethereum market.

A Rapidly Growing Ethereum Treasury

Just a week ago, BitMine’s Ethereum stash was worth $4.9 billion. Today, that figure stands at $6.6 billion, reflecting how quickly the company is scaling up its exposure. The treasury now holds over 1.52 million ETH valued at $4,326 each, alongside a smaller reserve of 192 Bitcoin. 

The sharp rise shows that BitMine is not treating crypto as a side bet; it is making Ethereum the core of its long-term strategy.

In a recent statement, BitMine’s chairman, Tom Lee, described Ethereum as one of the greatest trades of the decade. He says several factors are making Ethereum more valuable. These include more interest from big investors and financial institutions moving toward blockchain technology. 

He also notes the connection between artificial intelligence (AI) and decentralized networks. Lee believes that as traditional finance joins with blockchain, Ethereum will become an important part of the future financial system.

Tom Lee’s view matches analysts at Bernstein, who see Ethereum as a leading symbol of blockchain innovation.

BitMine Sets Sights on 5% of Ethereum, Sparks Investor Buzz

BitMine is not just buying digital assets. The company also wants to be seen as a trusted player with strong market support. Its fast growth has already attracted investors like ARK Invest, Founders Fund, Pantera Capital, and Kraken.

BitMine aims to own 5% of all Ethereum in the world. This goal has increased investor interest and built its reputation as a top supporter of ETH.

Furthermore, BitMine’s stock, BMNR, is now one of the most traded in the U.S., with about $6.4 billion in daily trading. This level of liquidity places it ahead of giants like JPMorgan and Alphabet. Although BMNR slipped 4.37% in a single day, its long-term performance remains impressive. 

The share price has risen 775% over the past six months and more than 600% since the start of the year. This achievement ranks the BMNR among the best-performing stocks in the U.S. market.

BitMine Rises as Top Institutional Supporter of Ethereum

Bitcoin-focused company Strategy is still the largest corporate crypto treasury, holding over $74 billion in Bitcoin (BTC). BitMine has now taken second place with its Ethereum-focused holdings. This shows BitMine’s role as a major institutional supporter of Ethereum.

BitMine’s rise comes amid a growing trend of institutions adding digital assets to their balance sheets. By focusing on Ethereum instead of just Bitcoin, BitMine is creating a unique place in the world of corporate crypto treasuries.