BitMine Immersion Technologies has become the largest holder of Ethereum (ETH) globally, with 1,150,263 ETH valued at $4.96 billion as of August 10, 2025. This represents a $2 billion increase in just one week, following the launch of its ETH treasury strategy on June 30. The company now holds more ETH than all other institutional holders except MicroStrategy and Mara Blockchain. BitMine's strategy aims to reach 5% control of Ethereum's total supply, a goal referred to as the 'alchemy of 5%'. The company's stock has gained significant liquidity, ranking among the top 25 most liquid U.S. equities with an average daily trading volume of $2.2 billion. Its growth has been supported by major institutional investors including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group, and Galaxy Digital.

BitMine Immersion (NASDAQ:IMMR) saw its stock rise 12% on Monday after announcing that its Ethereum holdings have surpassed 1.15 million tokens, valued at over $4.96 billion, positioning it as the largest ETH treasury globally. The company launched its ETH Treasury strategy on June 30 and expanded its holdings by $2.0 billion in one week, increasing from 833,137 to 1.15 million tokens. BitMine now ranks as the third-largest crypto treasury worldwide, behind Microstrategy and Mara Blockchain. Its stock has become one of the most actively traded in the U.S., with an average daily dollar volume of $2.2 billion over a five-day period, placing it at #25 in trading volume. It has also become the top foreign equity pick among South Korean retail investors, who have invested a net $259 million since July. Ethereum reached a high of $4,349 on the day.

U.S. stock futures posted modest gains on August 11, 2025, with the Dow Jones up 0.3%, S&P 500 up 0.2%, and Nasdaq-100 up 0.1%. The VIX fell over 5%, indicating reduced market fear. Semiconductor stocks saw mixed movements, with Nvidia and AMD declining due to reports of remitting 15% of China chip sales revenue to the U.S. government for export licenses, while Intel rose as its CEO prepares to meet White House officials. Albemarle Corp. surged over 10% after a lithium supply disruption in China, and Avantor rallied 9–13% on positive developments. C3.ai dropped 29% and Monday.com fell 18–19% due to disappointing guidance and growth concerns. Sarepta Therapeutics declined 7% amid regulatory uncertainty. Bitcoin reached $120,000–$121,000, lifting MicroStrategy and Coinbase. Key economic data releases—CPI on Tuesday and PPI on Thursday—are expected to influence market sentiment. The 90-day U.S.–China tariff truce expires on Tuesday, and a meeting between President Trump and Russian President Putin is scheduled, both of which could impact markets. Analysts note that while tech remains strong, valuations are stretched and macroeconomic risks persist.

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.

Stock futures showed mixed performance as investors prepared for the upcoming consumer price index report. Tegna surged 28% after reports of a potential acquisition by Nexstar Media, with Tegna valued at $2.6B and Nexstar at $5.6B. Crypto-linked stocks rose due to Bitcoin briefly reaching $122,000, with multiple firms like Riot Platforms, MARA Holdings, Coinbase, and MicroStrategy seeing gains over 4%. AMC Entertainment climbed 6% after beating Q2 expectations with strong revenue and attendance growth. Conversely, monday.com fell 27% despite revenue growth due to a soft outlook, C3.ai dropped 24% after a downgrade and below-guidance results, Aspen Aerogels declined 10% due to slower EV production at General Motors, Barrick Gold fell 3% amid mixed results and cost concerns, and both Advanced Micro Devices and Nvidia saw declines following reports of agreeing to share 15% of their Chinese AI chip sales revenue with the U.S. government in exchange for export licenses.