- BitMine now holds $13.4B in crypto, including 3.24M ETH, making it the biggest Ethereum holder in the world right now.
- Tom Lee says BitMine is halfway to owning 5% of all ETH after buying more during the latest crypto market pullback.
- With $2.1B traded daily, BitMine’s stock is one of the most active in the U.S. and keeps attracting big investors.
BitMine Immersion Technologies now is commanding total holdings of $13.4 billion. The Las Vegas-based company revealed that its portfolio includes 3.24 million ETH tokens, 192 Bitcoin, $219 million in cash, and a $119 million stake in Eightco Holdings. With is purchase BitMine is advancing toward its ambitious goal of owning 5% of the total ETH supply.
According to Chairman Thomas “Tom” Lee, BitMine now holds 2.7% of Ethereum’s supply, making it the largest ETH treasury globally. “We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH,” Lee stated. He explained that the recent market pullback offered an attractive opportunity to accumulate more tokens. Moreover, the firm acquired 203,826 ETH last week amid one of crypto’s largest deleveraging events.
BitMine Surpasses Peers in Crypto Treasury Growth
Besides its growing Ethereum position, BitMine now ranks as the second-largest global crypto treasury, trailing only Strategy Inc. (MSTR). Consequently, the company stands out for both the velocity of raising crypto NAV per share and the liquidity of its BMNR stock.
According to Fundstrat data, BitMine’s shares trade an average of $2.1 billion daily, placing it 33rd among all U.S.-listed stocks. This ranking puts it just behind Costco and ahead of Eli Lilly, underscoring its high investor engagement.
Additionally, the company’s liquidity and institutional backing continue to attract major investors, including Cathie Wood’s ARK Invest, Founders Fund, Bill Miller III, Pantera, Kraken, and Galaxy Digital. Lee emphasized that BitMine’s high-volume trading and consistent treasury growth make it a preferred choice for institutional capital.
The firm also drew parallels between today’s crypto transformation and the 1971 end of the Bretton Woods system, which modernized financial markets. Lee believes current initiatives like the GENIUS Act and SEC’s Project Crypto are equally historic for digital assets. Hence, BitMine’s accumulation strategy could position it as a leader in the next financial revolution.
