Stock Track | BitMine Immersion Technologies Soars 7.57% as Ethereum Holdings Exceed 3 Million Tokens

Stock Track
Oct 14, 2025

Shares of BitMine Immersion Technologies Inc. (BMNR) are soaring 7.57% in Monday's intraday trading following the company's announcement of substantial cryptocurrency holdings. The stock's significant uptick comes amid a broader rally in cryptocurrency-linked equities.

In a statement released early Monday, BitMine Immersion revealed that its Ethereum (ETH) holdings now exceed 3.03 million tokens, making it the largest institutional holder of ETH. Moreover, the company disclosed that its total cryptocurrency and cash holdings, including "moonshots," amount to an impressive $12.9 billion. This substantial crypto treasury position places BitMine Immersion among the top institutional holders of digital assets.

The rally in BMNR stock aligns with a broader uptrend in crypto-related stocks as major cryptocurrencies, including Bitcoin and Ethereum, recover from recent market volatility. Bitcoin is trading above $115,000, while Ethereum has surpassed $4,100. The company's chairman, Thomas "Tom" Lee, stated that BitMine took advantage of recent price declines to acquire additional ETH tokens, pushing their holdings to over 2.5% of the total ETH supply. Lee also mentioned the company's goal of acquiring 5% of all ETH, which they refer to as the "alchemy of 5%."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10