BitMine Treasury Surges to 2.8% ETH Supply, Eyes 5% Goal

Ethereum 2025-10-28 09:59

BitMine Treasury Surges to 2.8% ETH Supply, Eyes 5% Goal

Key Notes

  • BitMine added 77,055 ETH in one week, demonstrating accelerated accumulation toward its strategic 5% circulating supply target.

  • BMNR stock rose 6.12% to $53.48 on October 27, ranking among the most liquid UU equities by trading volume.

  • BitMine leads publicly traded firms in ETH reserves, with competitors SharpLink Gaming and Bit Digital holding significantly smaller positions.

The company BitMine Immersion Technologies (NYSE American: BMNR) announced that it now holds $14.2 billion in combined crypto and cash assets, further strengthening its position as the world’s top treasury.

The current holdings include 3.31 million ETH, valued at approximately $13.8 billion; 192 ; unencumbered cash of $305 million; and an $88 million investment in Eightco Holdings. The company’s ETH ownership represents 2.8% of the total supply, bringing it closer to its goal of acquiring 5% of circulating Ethereum tokens.

Related article: ETH Breaks Out to $4.2K, But Smart Money Moves Raise Red Flags

Thomas “Tom” Lee, Chairman of BitMine and head of Fundstrat, stated the firm added 77,055 ETH over the past week. Lee said easing US-China tensions could help normalize trading conditions after the major crypto deleveraging earlier in October. “We are more than halfway toward the ‘alchemy of 5%’ of ETH,” he said in the announcement.

BMNR Stock Rises Amid Investor Activity

BitMine’s announcement coincided with renewed momentum in its stock. As of Oct. 27, 2025, BMNR traded at $53.48, rising 6.12% for the day after last week’s close at $50.41. The stock averages more than 51 million shares traded daily, with a market cap of $14.79 billion.

BitMine Treasury Surges to 2.8% ETH Supply, Eyes 5% Goal

BMNR stocks price over time | Source: Yahoo! Finance

Over the past month, BMNR’s price has fluctuated between $48 and $63, ranking it among the most liquid stocks in the US, currently trading behind Quantum Computing Inc. but ahead of Apple Inc. in dollar volume, according to Yahoo! Finance.

Ethereum Treasury Leadership

According to CoinGecko data, BitMine leads all publicly traded firms in ETH reserves. Following BitMine, SharpLink Gaming (SBET) holds around 859,853 ETH; Bit Digital (BTBT) owns 150,244 ETH; Coinbase (COIN) manages over 136,782 ETH through corporate reserves; and ETHZilla (ETHZ) recently launched its $403 million Ethereum treasury.


BitMine also ranks second globally in overall crypto holdings — only behind Strategy Inc. (MSTR), which owns 640,808 BTC worth approximately $73 billion. This large-scale accumulation cements BitMine’s profile as both a crypto investment firm and a heavily traded equity in the digital asset sector.

Institutional Support and Strategy

BitMine’s investor base includes leading funds such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital. The firm continues to expand through its Bitcoin mining and advisory operations in Texas and Trinidad, leveraging low-cost energy to optimize margins.

Thomas Lee, in the announcement, compared recent regulatory progress, including the GENIUS Act and the SEC’s Project Crypto, to historic financial shifts like the 1971 end of the gold standard, which modernized US financial markets — positioning digital assets as the foundation for the next era of investment infrastructure.

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This content is for informational purposes only and does not constitute investment advice.

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