BitMine reports $11.6 billion in crypto and cash holdings

BitMine Immersion Technologies (NYSE American: BMNR) announced total crypto and cash holdings of $11.6 billion as of September 28. The company holds 2.65 million Ethereum tokens, 192 Bitcoin, $157 million in Eightco Holdings (NASDAQ: ORBS), and $436 million in unencumbered cash.

The Ethereum holdings are valued at $4,141 per token according to Bloomberg pricing. BitMine claims to own more than 2% of the total ETH token supply and describes itself as the largest ETH treasury globally.

According to Fundstrat data, BMNR stock trades an average daily dollar volume of $2.6 billion over a five-day period as of September 26, ranking as the 26th most traded stock in the United States among 5,704 US-listed stocks.

"As we enter the final months of 2025, the two Supercycle investing narratives remain AI and crypto. And both require neutral public blockchains," said Thomas Lee, chairman of BitMine and of Fundstrat. "Since ETH's price is a discount to the future, this bodes well for the token and is the reason BitMine's primary treasury asset is ETH."

The company operates Bitcoin mining facilities in Trinidad, Pecos, Texas, and Silverton, Texas. BitMine focuses on cryptocurrency accumulation for long-term investment through mining operations and capital raising transactions.

BitMine's institutional investors include ARK's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital, according to the company statement.

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