{"id":491117,"date":"2025-07-24T18:59:02","date_gmt":"2025-07-24T17:59:02","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=491117"},"modified":"2025-07-24T18:59:02","modified_gmt":"2025-07-24T17:59:02","slug":"bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion\/","title":{"rendered":"BitMine Immersion aims to stake 5% of Ethereum&#8217;s supply as holdings exceed $2 billion"},"content":{"rendered":"<p>BitMine Immersion Technologies (BMNR) has strengthened its position as <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum's<\/a> largest publicly traded holder, with its total ETH portfolio now valued at over $2 billion.<\/p>\n<p>In a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-eth-holdings-exceed-2-billion-of-ethereum-to-advance-its-ethereum-treasury-strategy-302513073.html\">disclosure<\/a> on July 24, the company announced that it currently holds 566,776 ETH, acquired at an average price of $3,643 per token.<\/p>\n<p>BitMine's ETH stash now exceeds the combined holdings of the <a href=\"https:\/\/cryptoslate.com\/companies\/ethereum-foundation\/\">Ethereum Foundation<\/a>, the non-profit organization behind the blockchain network, and <a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a>, the largest crypto trading platform in the US.<\/p>\n<p>According to Strategic ETH Reserves data, Bitmine's holdings now also surpass <a href=\"https:\/\/cryptoslate.com\/companies\/sharplink\/\">SharpLink,<\/a> the second largest Ethereum holder, by over 200,000 ETH.<\/p>\n<p>BitMine's Chairman, <a href=\"https:\/\/cryptoslate.com\/people\/thomas-lee\/\">Thomas Lee,<\/a> stated that the firm remains focused on its long-term objective of acquiring and staking 5% of Ethereum's total supply.<\/p>\n<p>At present, BitMine controls about 0.46% of ETH in circulation. While the target is ambitious, Lee described it as achievable given the company's ongoing accumulation strategy.<\/p>\n<p>The firm's bullish outlook has attracted backing from key institutional investors. One such investor is <a href=\"https:\/\/cryptoslate.com\/companies\/ark-invest\/\">Ark Invest<\/a>, led by <a href=\"https:\/\/cryptoslate.com\/people\/cathie-wood\/\">Cathie Wood,<\/a> which has <a href=\"https:\/\/cryptoslate.com\/ark-invest-swaps-coinbase-robinhood-stakes-for-major-175m-ethereum-play-with-bitmine-immersion\/\">committed more than $170 million to BitMine stock<\/a>.<\/p>\n<p>In a recent social media <a href=\"https:\/\/x.com\/CathieDWood\/status\/1947671247028162974\">post<\/a>, Wood expressed her belief that BitMine is well-positioned to play a leading role in the evolution of DeFi and on-chain capital markets. She noted that digital asset treasury companies like BitMine could become the next generation of asset managers in the blockchain era.<\/p>\n<h2><strong>Options trading<\/strong><\/h2>\n<p>In a parallel development, BitMine has also taken a significant step in expanding market access to its shares.<\/p>\n<p>On July 23, the firm <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-commencement-of-options-trading-on-nyse-302511922.html\">announced<\/a> that its common stock began options trading on the New York Stock Exchange under the ticker symbol &#8220;BMNR.&#8221; The options listing features standard expiration dates and multiple strike prices, offering investors more flexibility and risk management tools.<\/p>\n<p>According to Lee, this move reflects investor confidence and offers new ways for market participants to gain exposure to the company\u2019s future growth.<\/p>\n<p>According to Google Finance <a href=\"https:\/\/www.google.com\/finance\/quote\/BMNR:NYSEAMERICAN?sa=X&ved=2ahUKEwiP4u-I9tWOAxW0WEEAHUuDEPMQ3ecFegQIKRAb&window=5Y\">data<\/a>, BMNR stock surged 7% to $42<span style=\"margin: 0px; padding: 0px;\">\u00a0after these developments<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (BMNR) has strengthened its position as Ethereum&#8217;s largest publicly traded holder, with its total ETH portfolio now valued at over $2 billion. In a disclosure on July 24, the company announced that it currently holds 566,776 ETH, acquired at an average price of $3,643 per token. BitMine&#8217;s ETH stash now exceeds the [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":491129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,77968,77923],"tags":[80405,76128,72190],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMine Immersion aims to stake 5% of Ethereum&#039;s supply as holdings exceed $2 billion<\/title>\n<meta name=\"description\" content=\"Institutional confidence grows as BitMine aims to revolutionize asset management with Ethereum accumulation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMine Immersion aims to stake 5% of Ethereum&#039;s supply as holdings exceed $2 billion\" \/>\n<meta property=\"og:description\" content=\"Institutional confidence grows as BitMine aims to revolutionize asset management with Ethereum accumulation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-24T17:59:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/bitmine-ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitmine-immersion-aims-to-stake-5-of-ethereums-supply-as-holdings-exceed-2-billion\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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