On September 29, 2025, BitMine Immersion Technologies (BMNR) announced the addition of 234,846 ETH, valued at nearly $1 billion, to its treasury, bringing total Ethereum (ETH) holdings to 2.65 million ETH worth approximately $11 billion, per CoinoMedia and. This marks a significant escalation in BitMine’s ETH treasury strategy, initiated in June 2025 with a $250 million private placement, per. Chairman Tom Lee of Fundstrat emphasized ETH’s role in AI and crypto supercycles, stating, “Ethereum remains the premier choice given its high reliability and 100% uptime,” per. BMNR stock rose over 6% on the announcement, per.
BitMine’s accumulation, now representing over 2% of ETH’s supply, positions it as the largest corporate ETH holder, outpacing SharpLink Gaming, per. The strategy, mirroring MicroStrategy’s BTC approach, aims for 5% of ETH supply (“alchemy of 5%”), per. With ETH at $4,189 (14% below its all-time high), BitMine views it as “a discount to the future,” driven by stablecoin growth and on-chain finance, per. Institutional ETH treasuries across firms and ETFs exceed 11.8 million ETH (10% of supply), per. X posts from @AltcoinDaily celebrated the buy, noting, “BitMine added nearly $1 billion worth of #Ethereum (234,846 $ETH) to its treasury,” per.
BitMine’s holdings, combined with staking pools and ETFs, could tighten ETH supply, with exchange reserves at multi-year lows, per. This follows $3.7B in ETH ETF inflows, per. Tom Lee predicts ETH’s appreciation from stablecoin transactions (majority on Ethereum), per. However, BMNR’s stock is up 634% YTD but volatile, with average daily volume of $2.6B, ranking #26 among U.S. stocks, per. Risks include regulatory scrutiny under SEC Project Crypto, per.
BitMine’s move could propel ETH to $7,500 by year-end, per Standard Chartered, amid DeFi TVL at $200B, per DefiLlama. Investors should track ETH flows on CryptoQuant and BMNR on Yahoo Finance. Dollar-cost average into ETH with stop-losses below $4,000, or diversify into USDC, per TradingView. Follow @TheBlock__ on X for updates. This acquisition reinforces ETH’s institutional appeal, potentially sparking a DeFi Summer 2.0, per.
