BitMine Says It Holds $10.7B Mostly in Ethereum, May Indicate Growing Institutional Interest in ETH

• 2,151,676 ETH (≈ $9.7B) and 192 BTC (≈ $22M)

• Unencumbered cash of $569M plus a $214M Eightco stake and other crypto holdings

• Total reported assets: $10.771 billion — largest corporate ETH treasury reported to date

BitMine holdings: $10.77B in crypto, led by ETH; read the full treasury breakdown and implications for corporate crypto strategy.

What are BitMine Immersion’s crypto holdings?

BitMine Immersion’s holdings include 2,151,676 ETH, 192 BTC, $569 million in unencumbered cash, a $214 million stake in Eightco, and additional crypto assets. The company reported total assets of $10.771 billion, positioning it as the largest corporate Ethereum holder by reported balance sheet exposure.

How much ETH and BTC does BitMine hold?

BitMine holds 2,151,676 ETH, valued at approximately $9.7 billion at recent market prices, and 192 BTC, worth about $22 million. The company disclosed these figures in its latest holdings update on September 15, 2025, along with cash and equity positions.

Why is BitMine’s ETH position significant?

BitMine’s ETH holding of 2.15 million coins represents a substantial corporate allocation to Ethereum. This position signals institutional-scale exposure to Ethereum, following a trend of public companies reallocating balance sheets into crypto assets for strategic treasury diversification.

What did industry figures say about the move?

Fundstrat Global Advisors Managing Partner Tom Lee commented that Wall Street moving onto the blockchain and AI-driven token economies create a long-term macro opportunity for Ethereum. The company has publicly set a target to accumulate 5% of total ETH supply over time.

Frequently Asked Questions

How does BitMine compare to other corporate treasuries?

BitMine’s ETH position makes it the largest corporate ETH holder by reported balance sheet exposure. Strategy (formerly MicroStrategy) remains the largest corporate Bitcoin holder with a different allocation focus.

Is the reported value market-marked?

The company disclosed USD approximations based on market prices at the time of reporting. Market volatility means USD valuations can change intraday; quantities provide the clearest measure of exposure.

Key Takeaways

• Scale: BitMine reports $10.771B in total assets, with ETH as the dominant holding.
• Allocation: 2,151,676 ETH equals roughly 90% of the disclosed crypto value, highlighting an ETH-first treasury strategy.
• Implication: Public-company ETH treasuries are an emerging corporate finance model; monitor price and regulatory developments.

Conclusion

BitMine Immersion’s disclosure of $10.77 billion in assets led by 2,151,676 ETH underscores a growing trend of corporate Ethereum treasuries. The figures provide a clear, auditable snapshot of one company’s strategy and should be considered alongside market prices and peer allocations. For ongoing coverage, track future company updates and official filings.

Published: 2025-09-15 · Updated: 2025-09-15 · Author: COINOTAG