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Ethereum (ETH) Treasury News; BitMine (BMNR) Buys $821M Ether

BitMine Immersion Technologies now holds over 2% of Ethereum’s supply, aiming for 5% to generate staking yield amid rising institutional demand for blockchain assets.

  • BitMine Immersion Technologies announced on October 6, 2025, that its crypto, cash, and 'moonshots' holdings reached $13.4 billion, including over 2.83 million Ethereum tokens.
  • This milestone followed the firm's aggressive accumulation of Ethereum, adding 179,251 ETH last week, and reflects its pivot to a digital asset treasury strategy in June.
  • BitMine now holds more than 2% of all ETH in circulation, accompanied by 192 Bitcoin, a $113 million Eightco Holdings stake, and $456 million in cash.
  • Chairman Thomas Lee stated, "ETH's price is a discount to the future" and cited BitMine's leadership in crypto NAV growth and stock liquidity.
  • BitMine's stock has surged 782% in six months, ranking #28 by trading volume in the US, and remains the largest Ethereum treasury globally.
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Block Telegraph broke the news in on Monday, October 6, 2025.
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