BitMine Immersion (NYSE AMERICAN: BMNR) has announced its Ethereum (ETH) holdings have surpassed 1.15 million tokens valued at $4.96 billion, making it the world's largest ETH treasury. This represents a significant $2.0 billion increase from the $2.9 billion reported just last week.\n\nThe company, supported by prominent institutional investors including Cathie Wood's ARK, MOZAYYX, and Founders Fund, aims to acquire 5% of all ETH. BitMine has emerged as the 25th most liquid US stock, with an average daily trading volume of $2.2 billion, positioning itself between Costco and JPMorgan in trading liquidity.\n\nSince launching its ETH Treasury strategy on June 30th, BitMine has become the third-largest crypto treasury globally, trailing only Microstrategy and Mara Blockchain.\n\nBitMine has rapidly accumulated 1.15M ETH ($4.96B), becoming the largest ETH treasury globally with aggressive expansion amid institutional backing. BitMine Immersion (BMNR) has dramatically scaled its Ethereum treasury position to 1,150,263 ETH valued at $4.96 billion, representing a $2.0 billion increase in just one week. This aggressive accumulation has established the company as the largest ETH treasury holder globally and the third-largest cryptocurrency treasury overall, behind only Microstrategy and Mara Blockchain.\n\nThe velocity of BitMine's accumulation strategy is particularly noteworthy - having only launched its ETH treasury initiative on June 30th, the company has amassed its substantial position in just five weeks. This rapid execution signals extraordinary capital deployment capabilities and suggests strong institutional confidence in their 'alchemy of 5%' ETH acquisition goal.\n\nBitMine's emergence as a major crypto treasury player is further validated by its exceptional trading liquidity, with average daily volume reaching $2.2 billion - ranking it as the 25th most liquid U.S. stock, ahead of established financial giants like JPMorgan. This level of liquidity provides significant market validation and reduces execution risks for larger investors.\n\nThe company's backing from prominent investors including Cathie Wood (ARK), Founders Fund, Pantera, and Galaxy Digital suggests institutional confidence in both ETH as a long-term store of value and in BitMine's treasury strategy. Unlike many crypto-focused companies, BitMine is pursuing a pure-play treasury model rather than mining or operating infrastructure, positioning it as a publicly-traded ETH proxy that offers traditional market access to Ethereum exposure.\n\nAs of August 10th at 10:59pm ET, the Company's ETH holdings total 1,150,263 at $4,311 per ETH (Bloomberg), making BitMine the largest ETH treasury in the world. BitMine launched its ETH Treasury strategy on June 30th (closing on July 8th). In the ensuing five weeks, the Company has passed many key milestones and is now the largest ETH Treasury in the world and at over $4.98 billion in ETH and crypto holdings, ranks as the third largest crypto treasury in the world, behind only Microstrategy and Mara Blockchain.\n\n\"In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion (from 833,137 to 1.15 million tokens), lightning speed in the company's pursuit of the 'alchemy of 5%' of ETH,\" said Thomas \"Tom\" Lee of Fundstrat, Chairman of BitMine's Board of Directors. \"We are leading crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock.\"\n\nBitMine is now one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $2.2 billion (5-day average, as of August 8, 2025), ranking #25 in the US, behind Costco Wholesale Corp (rank #24) and ahead of JPMorgan (rank #27) and Micron Technology (rank #26) among 5,704 US-listed stocks (statista.com and Fundstrat research).

BitMine Amasses $4.96B Ethereum Fortune: How It Became World's Largest ETH Treasury in Just 5 Weeks

BitMine Immersion (BMNR) has announced it now holds 1.15 million Ethereum tokens valued at $4.96 billion, making it the world's largest Ethereum treasury. This represents a $2.0 billion increase from just one week prior and marks a rapid expansion since the company launched its ETH treasury strategy on June 30th. Backed by prominent institutional investors such as Cathie Wood's ARK, Founders Fund, Pantera, and Galaxy Digital, BitMine has become the third-largest crypto treasury globally, trailing only Microstrategy and Mara Blockchain. The company, which is publicly traded on the NYSE, ranks as the 25th most liquid U.S. stock with an average daily trading volume of $2.2 billion, surpassing major financial institutions like JPMorgan. BitMine's strategy focuses on accumulating Ethereum as a long-term store of value through a pure-play treasury model, positioning it as a publicly-traded proxy for Ethereum exposure.