BitMine Says It Holds World’s Largest Ethereum Treasury at $3 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
0mins
Should l Buy BMNR?
Source: TipRanks
BitMine's Ethereum Holdings: BitMine claims to hold 833,000 ETH, making it the largest holder of Ethereum globally, surpassing major institutions like Coinbase and Grayscale. This represents nearly 0.7% of the total circulating supply of Ethereum.
Strategic Shift and Future Plans: The company has shifted its strategy from crypto mining to accumulating ETH through OTC markets, with plans to offer ETH-backed products in the future while generating yield by staking a portion of its treasury.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 19.470
Low
39.00
Averages
43.00
High
47.00
Current: 19.470
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. The Company operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. It is engaged in self-mining bitcoin for its own account, as well as hosting third party equipment used in mining of digital asset coins and tokens, specifically bitcoin. It conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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