BitMine Immersion May Be Largest Ethereum Treasury Holder as Trading Volume Surpasses Major U.S. Equities

• BitMine holds 2.65M+ ETH, ~2.2% of circulating supply

• Recent purchases added ~234,846 ETH worth $961.5M since Sept. 22 filings

• Five-day average trading volume reached $2.6B, ranking the stock among top U.S. equities

BitMine Immersion leads Ethereum treasuries with 2.65M+ ETH (~2.2% supply). Read the latest holdings, trading volume, and institutional backers—full analysis and takeaways.

BitMine Immersion becomes the top Ethereum treasury holder as trading volume surpasses major U.S. equities.

What is BitMine Immersion’s current Ethereum treasury?

BitMine Immersion currently holds more than 2.65 million ETH after recent acquisitions, representing roughly 2.2% of Ethereum’s circulating supply. The company disclosed purchases of approximately 234,846 ETH valued at $961.5 million since its previous Sept. 22 update, bringing the ETH position to an estimated $10.8 billion.

How did BitMine build a 2.65M ETH position?

BitMine expanded its ETH balance through concentrated, institutional-backed purchases disclosed in a Sept. 28 filing. The company reported incremental buys totaling ~234,846 ETH during the latest reporting window, supported by backers including Ark Invest, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital (plain text mentions).

Company filings and market-data aggregators show the ETH holdings sit alongside 192 BTC (~$21.5M), a $157M stake tied to a Worldcoin-linked treasury firm, and $436M in cash reserves.

Why does BitMine’s treasury matter for markets?

BitMine’s concentrated ETH holdings signal growing institutional allocation to Ethereum-specific exposure via equity vehicles. That scale — more than 2.65M ETH — affects market liquidity considerations and investor attention, particularly as the firm publicly targets owning up to 5% of circulating supply, which would require roughly 6.04M ETH.

How has trading activity responded?

Trading volume surged alongside reserve accumulation. Fundstrat and Statista data (plain text mentions) recorded a five-day average daily trading volume of $2.6 billion as of Sept. 26, ranking BitMine among the top-30 U.S. equities by volume and ahead of major names in specific daily-share comparisons.

How does BitMine compare to other crypto treasuries?

In Ethereum-specific exposure, BitMine leads with ~2.65M ETH. Comparable public treasuries include SharpLink (~838,730 ETH) and The Ether Machine (~495,360 ETH), based on aggregations of disclosed holdings. In the broader crypto treasury landscape, Michael Saylor’s Strategy retains the largest public treasury by Bitcoin holdings.

How much would BitMine need to reach 5% of ETH supply?

To reach a 5% share of circulating Ethereum, BitMine estimates it would require roughly 6.04 million ETH. That target implies continued large-scale purchases and materially higher treasury valuation versus today’s ~2.65M ETH position.

Frequently Asked Questions

How many ETH does BitMine currently hold?

BitMine currently holds over 2.65 million ETH, representing approximately 2.2% of circulation. The position followed purchases totaling about 234,846 ETH reported between Sept. 22 and Sept. 28, valued at $961.5 million in that window.

Is BitMine the largest public Ethereum treasury?

Yes. Market-data aggregators and treasury trackers (plain text mentions) rank BitMine as the largest public Ethereum treasury holder, ahead of peers such as SharpLink and The Ether Machine.

What are BitMine’s other notable assets?

Beyond ETH, BitMine’s disclosed reserves include 192 BTC (~$21.5M), a $157M position tied to a Worldcoin-linked treasury firm, and $436M in liquid cash.

Key Takeaways

• Size: BitMine holds 2.65M+ ETH (~2.2% of supply), valued at roughly $10.8B.
• Momentum: Recent buys of ~234,846 ETH added $961.5M to holdings since Sept. 22.
• Market Impact: Elevated trading (five-day avg $2.6B) and institutional backing underpin BitMine’s public treasury model.

Conclusion

BitMine Immersion’s reported 2.65M+ ETH treasury marks a significant institutional consolidation in Ethereum exposure. The company’s holdings, trading volume, and stated ambition to reach 5% of circulating ETH make it a central case study in how equity vehicles can influence crypto capital flows. Expect further regulatory filings and balance sheet disclosures to clarify pace and funding as the situation develops.