BitMine Immersion Technologies holds approximately 5.21 million ETH, a position valued at roughly $13 billion at Ethereum’s current price.
Adding other crypto assets and liquid reserves, the company’s total treasury reaches $13.4 billion, according to a corporate statement. That figure places the firm in a category that until recently was occupied exclusively by Strategy with Bitcoin.
The concentration achieved was pursued deliberately and publicly. Over the past several months, BitMine accelerated its Ethereum purchase pace consistently: in just one week it acquired 65,341 ETH, and a significant portion of the total is already staked, turning the balance sheet into a yield-generating instrument. Executives frame this strategy not as a store of value, but as a bet on Ethereum’s role as settlement infrastructure and real-world asset tokenization layer.
The 5.21 million ETH represent more than 3% of the token’s total supply, making BitMine one of the largest known corporate holders outside of staking pools and protocol treasuries. Major institutional investors have already increased their exposure to the company, treating its shares as a regulated proxy for Ethereum in public markets.
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