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Ethereum Treasury News: BitMine (BMNR) Bought Nearly 70K ETH

BitMine holds roughly 3% of Ethereum supply with $11.2 billion in assets, including $800 million cash and 192 Bitcoin, aiming for 5% ETH ownership.

  • On Nov. 24, 2025, BitMine Immersion Technologies announced total crypto, cash, and moonshot holdings of $11.2 billion and 3.0% ownership of the Ethereum supply.
  • BitMine pursues long-term accumulation by leveraging Bitcoin mining operations and capital raises, using low-cost energy sites in Trinidad, Pecos, Texas, and Silverton, Texas to grow holdings.
  • As of November 23th at 7:30pm ET, the company's holdings showed 3,629,701 ETH valued at $2,840, 192 Bitcoin, $800 million unencumbered cash, and a $38 million stake in Eightco Holdings .
  • That scale makes BitMine the largest ETH treasury and ranks it #2 behind Strategy Inc. , with $1.6 billion daily volume and the January 15, 2026, shareholders meeting at Wynn Las Vegas.
  • Planning MAVAN, BitMine announced the Made in America Validator Network launching in early 2026, with forward-looking statements subject to SEC Form 10-K filed April 3, 2025, risk disclosures.
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Blockchain & Cryptocurrencies Tabloid broke the news in on Sunday, November 23, 2025.
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