BitMine Immersion’s $2.9B ETH Haul Tops 5% of Supply – But Can the Run Last?
Main Idea
BitMine Immersion has accumulated 833,137 ETH worth $2.9 billion, representing 5% of the total ETH supply, and has gained significant market recognition and investor backing.
Key Points
1. BitMine Immersion owns 833,137 ETH valued at $2.95 billion, accounting for 5% of the total circulating ETH supply.
2. The company achieved this milestone in just 35 days, surpassing Marathon Blockchain in crypto treasury size.
3. BitMine's common stock (BMNR) is one of the most actively traded U.S. equities, with a five-day average daily dollar volume of $1.6 billion.
4. High-profile investor Bill Miller III has taken a major stake in BitMine and endorsed its ETH strategy, comparing it to MicroStrategy's Bitcoin pivot.
5. Strategic Ethereum reserves currently hold 2.33 million ETH, valued at $8.9 billion, representing 1.93% of the total ETH supply.
Description
BitMine Immersion Technologies said it is positioning itself as the largest holder of ETH among corporate treasuries, accumulating 833,137 ETH valued at over $2.9 billion as of August 3. 1/ It has been 1-month since BitMine launched ETH Treasury strategy. 2 milestones announced today: – BMNR now owns 833,137 ETH valued at $2.95 billion – Bill Miller III announced he has taken a major stake in BMNR https://t.co/2w77JQkR8J Ticker: $BMNR — Bitmine BMNR (@BitMNR) August 4, 2025 Priced at $3,491.86 p...
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