190,500 ETH Bought in One Week: Inside BitMine’s Shocking Ethereum Strategy

Key Notes

  • BitMine now holds the worldโ€™s most extensive Ethereum treasury, totaling 1,713,899 ETH.
  • BMNR shares rank as the twentieth most traded US stock by daily volume.
  • The company targets acquiring 5% of all Ethereum, backed by key institutional investors.

BitMine Immersion (BMNR) has secured its status as the worldโ€™s most significant Ethereum

ETH
$4 366



24h volatility:
8.9%


Market cap:
$526.20 B



Vol. 24h:
$49.18 B



treasury, holding 1,713,899 ETH as of August 24, 2025, according to data published by the company.

The Las Vegas-based technology firm has accumulated both crypto and cash assets totaling $8.82 billion, surpassing all other ETH holders worldwide, like SharpLink Gaming, according to CoinGecko, and ranking second globally for total crypto holdings, just behind Michael Saylorโ€™s Strategyย (MSTR), which holds 629,376 Bitcoin valued at $71 billion.


BMNRโ€™s treasury strategy, which launched on June 30 and closed July 8, quickly positioned the company at the forefront of Ethereum accumulation. In the last week alone, BitMine added over 190,500 ETH, driving its crypto and cash assets up by $2.2 billion.

This push to acquire 5% of all circulating ETH is backed by support from major institutional investors, including ARKโ€™s Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.

BMNR Becomes 20th Most Liquid US Stock

BitMine Immersionโ€™s market presence is equally notable. The companyโ€™s shares, traded under NYSE American: BMNR, have become one of the most liquid US stocks, moving an average of $2.8 billion in daily dollar volume over the last five trading days, according to their press release.

BMNR currently stands as the twentieth most liquid US stock, trailing just behind Coinbase and ahead of well-known financial institutions like JPMorgan and Palo Alto Networks. This surge in liquidity reflects rising investor interest in BitMineโ€™s large-scale crypto treasury strategy. Today, with their announcement and with the crypto market bearish, their shares are down 4.3%, with a trading volume of $41 million, according to Yahoo Finance.

BitMine executives, including Chairman Thomas โ€œTomโ€ Lee of Fundstrat, emphasize Ethereumโ€™s potential as a macro trade for the next decade. The company links its strategy to broader trends in blockchain and artificial intelligence integration across financial services.

BitMine Immersionโ€™s core business spans Bitcoin mining and synthetic mining operations, hashrate financial products, and advisory services for companies seeking Bitcoin-denominated revenues.

Its facilities operate in low-cost energy locales, including Trinidad and Texas, supporting ongoing expansion efforts. The companyโ€™s public filings are available on the SECโ€™s website and its corporate website.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Josรฉ Rafael Peรฑa Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.

Josรฉ Rafael Peรฑa Gholam on LinkedIn



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