BitMine Adds 27,562 ETH as Treasury Tops $17 Billion

BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Tom Lee, disclosed Monday that it acquired 27,562 ETH over the prior week, lifting its holdings to 5,983,940 tokens — about 4.9% of the total supply — and pushing its crypto and cash reserves past $17 billion, according to a company release.

The disclosure cements BitMine’s standing as the largest public holder of ether.

Treasury Nears the 5% Milestone As of September 20, BitMine held 5,983,940 ETH priced at $2,688 per token, alongside 212 Bitcoin, $714 million in cash and marketable securities, a $180 million stake in Beast Industries and a $105 million stake in Eightco Holdings (NASDAQ: ORBS).

The company put its combined crypto, cash and equity holdings at $17.1 billion and said the ETH position alone equals 4.9% of a 122.1 million-token supply. It labels the Beast Industries and Eightco positions as “moonshots” alongside its staking and cash businesses.