Bitmine Immersion Technologies has announced that its cryptocurrency holdings, primarily ethereum, have surpassed $6.6 billion, cementing its position as the world's second-largest publicly traded crypto treasury after Strategy (formerly MicroStrategy) and its $72 billion bitcoin stash.
Portfolio Breakdown and Growth
As of August 17, 2025, Bitmine holds 1,523,373 ETH valued at $4,326 per token, along with 192 BTC, for a total of approximately $6.612 billion. This marks a $1.7 billion increase from the $4.9 billion reported the prior week. Since launching its ethereum accumulation strategy on June 30, the company has added 373,000 ETH in just six weeks.
Institutional Backing
Institutional investors including Ark Invest, Founders Fund, and Galaxy Digital are backing Bitmine's ambitious goal to acquire 5% of all ether in circulation. Chairman Tom Lee stated: “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”
Stock Liquidity Climbs to Top 10
Bitmine's NYSE-listed shares (ticker: BMNR) now average $6.4 billion in daily trading volume, making it the 10th most liquid equity in the U.S. market. According to Fundstrat data, BMNR surpasses JPMorgan Chase (#27) and Alphabet (#11) among 5,704 listed stocks.
Regulatory Outlook
Tom Lee compared the current crypto regulatory shift—including the GENIUS Act and SEC initiatives—to the 1971 Bretton Woods transition, forecasting similar modernization of financial markets. Bitmine's unique combination of a massive treasury and deep liquidity positions it to benefit from these changes.