BitMine Immersion Surpasses 3.3 Million ETH, Solidifying Its Lead in Crypto Treasury

BitMine Immersion now holds over 3.3 million ETH, making it the largest Ethereum treasury holder, valued at $13.7 billion.

Fridah Kangai
October 28, 2025
1:16 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

BitMine’s ETH holdings now exceed 3.3 million, valued at $13.7B.
BitMine becomes Ethereum’s largest treasury holder with major acquisitions.
BitMine’s strategic purchases highlight growing institutional interest in crypto.

BitMine Immersion, a leading Ethereum treasury company, now holds over 3.3 million ETH, valued at $13.7 billion. This milestone follows the company’s recent acquisition of 77,055 ETH since October 20. The latest addition strengthens BitMine’s position in the crypto market.

With these purchases, BitMine’s total assets have reached $14.2 billion. These purchases have seen BitMine have total assets of $14.2 billion. BitMine had not announced the average purchase price, but the recent purchase is estimated at 319 million. BitMine has 192 BTC, valued at $ 22.2 million, as well as its Ethereum holdings. It has an $ 88 million investment in Eightco Treasury Company. In addition, the company possesses unencrypted cash of 305M.

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The current value of ETH in the possession of BitMine is approximately 2.8 percent of the total Ethereum supply in circulation, currently estimated to be 120.7 million ETH. This is what makes BitMine the largest owner of the Ethereum treasure trove, surpassing the holdings of SharpLink and The Ether Machine, as well as those of Joe Lubin. SharpLink holds approximately 859,400 ETH, and The Ether Machine owns around 496,710 ETH.

BitMine’s Growing Influence in the Crypto Treasury Space

BitMine is the second-largest publicly held cryptocurrency treasury, after that of Michael Saylor. Strategy is a holder of 640,808 BTC, worth approximately 74 billion. This represents more than 3% of the total Bitcoin supply.

The emergence of BitMine also shows an increase in institutional interest in digital currencies such as Ethereum. Strategic acquisitions demonstrate that BitMine is committed to becoming a key player in the cryptocurrency market. Its investments indicate that it has a long-term growth and market impact policy.

The introduction of other assets (BTC and shares in Eightco) by BitMine indicates that it is diversified. This action suggests that the company aims to enhance its presence in decentralized finance. The rise of the company reflects the growing influence of the crypto treasury holders on the future of the digital asset market.

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