BitMine Immersion Technologies' Ethereum Treasury Swells to Over $6.6 Billion, Holding 1.52 Million ETH

Las Vegas – BitMine Immersion Technologies (BMNR) has significantly expanded its Ethereum (ETH) holdings, officially announcing total crypto assets exceeding $6.612 billion as of August 17, 2025. This aggressive accumulation solidifies its position as the world's largest Ethereum treasury and the second-largest overall crypto treasury globally, trailing only MicroStrategy. The company's rapid acquisition strategy has captured market attention, with reports, such as one from "Ash Crypto" on social media, highlighting specific purchases like 52,475 ETH valued at $220 million.

BitMine's recent surge includes an addition of over 373,000 ETH tokens in just one week, increasing its total Ethereum count from 1.15 million to 1.52 million tokens. This substantial weekly increase alone represented an additional $1.7 billion in ETH value. The company's strategic pivot to an ETH treasury began on June 30, 2025, rapidly achieving major milestones in subsequent weeks.

Chairman Thomas "Tom" Lee of Fundstrat reiterated BitMine's long-term vision, stating, "We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years." The company aims to acquire 5% of Ethereum's total supply, a goal it terms the "alchemy of 5%." This strategy has garnered support from prominent institutional investors, including Cathie Wood's ARK Invest, Founders Fund, and Bill Miller III.

The aggressive ETH accumulation by BitMine occurs amidst heightened institutional interest in Ethereum, evidenced by significant ETF inflows and bullish price predictions, such as Standard Chartered's revised forecast of $7,500 for ETH in 2025. Despite its growing crypto assets and high stock liquidity, BitMine's share price has experienced recent volatility, declining by over 14% in the week leading up to August 18, 2025, reflecting broader market sentiment and price fluctuations in Ether.

BitMine's rapid expansion is contributing to a broader trend of corporate Ethereum treasury strategies, which aim to create scarcity and drive long-term value. The company's operations, including Bitcoin mining and advisory services, are located in low-cost energy regions. BitMine plans further capital raises, including a reported $24.5 billion stock sale, to continue its pursuit of the 5% ETH acquisition target, signaling continued aggressive growth in the digital asset space.