Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BitMine Immersion’s $8.82B Crypto Holdings Announced

BitMine Immersion’s $8.82B Crypto Holdings Announced

Coinlive2025/08/26 08:50
By:Coinlive
Key Takeaways:
  • BitMine Immersion announces $8.82 billion in crypto holdings.
  • Firm becomes largest Ethereum treasury holder globally.
  • $2.2 billion rise in holdings within one week.
BitMine Immersion’s $8.82B Crypto Holdings Announced

BitMine Immersion Technologies announced its crypto and cash holdings reached $8.82 billion, including 1.71 million ETH, positioning it as the world’s largest Ethereum treasury holder.

This positions BitMine as a leader in ETH holdings, with market reactions including a BMNR share price spike of 13.6%, reflecting aggressive growth strategies.

BitMine Immersion Technologies has announced that its combined crypto and cash holdings have reached a massive $8.82 billion, securing its position as the largest Ethereum treasury holder in the world as per their statement via PRNewswire.

Investment from institutional backers, including prominent figures like Cathie Wood and Bill Miller III, played a crucial role. “The asset growth exhibited by companies like BitMine reflects the growing institutional interest in cryptocurrency and its underlying technologies,” remarked Cathie Wood, CEO of ARK Invest . Their involvement indicates significant confidence in BitMine’s strategic decisions, especially in its bold accumulation of Ethereum.

The announcement led to a boost in BitMine Immersion’s market value, with its shares rising 13.6% last week. The market responded positively, viewing BitMine’s strategy as a pivotal move that could shift industry trends.

Financially, BitMine’s holdings increased by $2.2 billion over seven days, demonstrating the firm’s effective Ethereum accumulation strategy . This substantial asset growth comes despite facing profitability challenges highlighted by a negative EBIT margin.

Given this development, BitMine’s strategy might influence future institutional activities. As the largest Ethereum holder, the firm is likely to impact Ethereum’s market dynamics, either through direct market actions or influencing ETH derivative markets.

Many industry experts are watching how BitMine’s Ethereum-centric strategy unfolds, especially its impact on institutional ETH exposure. Historical trends suggest significant single-asset holdings can dictate broader crypto market movements as seen with Bitcoin and MicroStrategy.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Scammers Posing as Shiba Inu Drain Wallets in LEASH V2 Phishing Frenzy

- Shiba Inu warns of phishing scams during LEASH V2 migration, urging users to avoid fake accounts and unverified links. - Scammers impersonate official channels to steal wallet details, with migration only occurring via shib.io and external audits. - LEASH V2 introduces fixed supply model and burn-to-claim mechanism to enhance token sustainability and security. - Shibarium's 99.8% transaction drop raises adoption concerns, though on-chain fundamentals remain technically robust. - Team emphasizes transpare

ainvest2025/08/31 19:03
Scammers Posing as Shiba Inu Drain Wallets in LEASH V2 Phishing Frenzy

The 2025 Altcoin Cycle: Why Solana, PEPE, and MAGACOIN FINANCE Are the Most Strategic Buys

- The 2025 altcoin cycle highlights Solana (SOL), PEPE, and MAGACOIN FINANCE as top strategic buys driven by institutional adoption, whale activity, and presale innovation. - Solana ($205) shows strong on-chain metrics and whale staking ($23M withdrawn), with ETF approvals potentially pushing prices toward $300. - PEPE's 13% August surge reflects whale accumulation (70% supply controlled by top 100 wallets), signaling breakout potential near $0.00001315. - MAGACOIN FINANCE's 93% sold presale and 65x-100x R

ainvest2025/08/31 19:00
The 2025 Altcoin Cycle: Why Solana, PEPE, and MAGACOIN FINANCE Are the Most Strategic Buys

XRP's Transition from Price-Based Asset to Passive Income Generator

- SEC's 2025 ruling reclassified XRP as a commodity, resolving a 5-year legal battle and aligning it with Bitcoin under the CLARITY Act. - Institutional adoption surged as Ripple's ODL processed $1.3T in cross-border transactions, with major banks saving 90% costs using XRP over SWIFT. - BJMINING's green energy cloud mining platform enables XRP holders to generate passive income through FCA-compliant, low-fee mining contracts. - XRP ETFs like ProShares Ultra XRP attracted $1.2B in first-month inflows, sign

ainvest2025/08/31 19:00
XRP's Transition from Price-Based Asset to Passive Income Generator

Why Shiba Inu Investors Are Pivoting to Remittix (RTX) in 2025

- 2025 crypto market shifts from speculative hype to utility-driven value, with investors favoring projects like Remittix (RTX) over stagnant meme coins like Shiba Inu (SHIB). - RTX raised $22.4M in presale, developing a cross-border payment wallet with 40+ crypto/fiat support, targeting 1.2M users by Q3 2025 and addressing high fees in traditional remittances. - SHIB remains trapped in a narrow price range ($0.00001190–$0.00001345), with 41% supply concentrated in one wallet and declining trading volume (

ainvest2025/08/31 19:00
Why Shiba Inu Investors Are Pivoting to Remittix (RTX) in 2025