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LAS VEGAS - BitMine Immersion Technologies (NYSE AMERICAN:BMNR) reported total holdings of $10.77 billion in cryptocurrency, cash, and investments as of September 14, according to a company press release. The company's stock, currently trading at $55.09, has seen remarkable growth with a 606% return year-to-date, according to InvestingPro data.
The crypto mining firm's portfolio includes 2,151,676 Ethereum tokens valued at approximately $9.97 billion (based on $4,632 per ETH), 192 Bitcoin, a $214 million stake in Eightco (NASDAQ:ORBS), and $569 million in cash.
BitMine has positioned itself as the largest institutional holder of Ethereum worldwide and the second-largest cryptocurrency treasury behind Strategy Inc., which holds 638,460 Bitcoin valued at $74 billion.
"BitMine has nearly $11 billion in total crypto holdings, surpassing the 2 million ETH milestone," said Thomas Lee, Chairman of BitMine and founder of Fundstrat.
The company has gained significant trading volume on public markets, with an average daily trading volume of $2 billion over the past five days, ranking it as the 28th most traded stock in the U.S., according to data cited in the release.
BitMine continues to focus on its strategy of accumulating cryptocurrency for long-term investment through its mining operations in Trinidad and Texas, as well as through capital-raising activities.
The company maintains backing from institutional investors including ARK Investment Management's Cathie Wood, Founders Fund, Pantera Capital, and Galaxy Digital, supporting its stated goal of acquiring 5% of the total Ethereum supply.
BitMine's business operations include Bitcoin mining, synthetic Bitcoin mining, and advisory services for companies interested in earning Bitcoin-denominated revenues.
In other recent news, Eightco Holdings Inc. has successfully closed a $270 million private placement aimed at implementing a Worldcoin treasury strategy. The transaction, led by MOZAYYX, involved participation from several institutional investors, including World Foundation and Discovery Capital Management. BitMine Immersion Technologies also made a strategic investment of $20 million in the placement. Meanwhile, BitMine Immersion Technologies announced that its cryptocurrency and cash holdings have exceeded $9.21 billion, including over 2 million Ethereum tokens. Additionally, BitMine clarified its NYSE American listing status amid NASDAQ scrutiny, confirming that its current at-the-market program remains valid without requiring shareholder approval. The company also signed executive employment agreements with key officers, including Jonathan Bates as CEO, Raymond Mow as CFO, and Erik Nelson as President. These agreements commenced on September 1, 2025, for an indefinite period.
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