BitMine Immersion Technologies has revealed details about its crypto and cash holdings, which currently exceed $8.8 billion. This amount has increased by $2.2 billion over the past week.
Overview of BitMine
BitMine is supported by prominent institutional investors such as ARK's Cathie Wood, MOZAYYX, Founders Fund, and others. The company aims to acquire 5% of total ETH tokens.
Financial Achievements
As of August 24, 2025, BitMine's holdings include 1,713,899 ETH at a value of $4,808 per token, 192 BTC, and cash reserves of $562 million. This positions the company as the largest holder of ETH in the world.
Future of Ethereum and Company Strategies
BitMine's chairman, Tom Lee, stated that Ethereum is one of the most significant long-term investments and will play a key role in the modern financial system. He also noted that BitMine's stock is actively traded, ranking 20th among all US stocks.
BitMine continues to strengthen its market position in the cryptocurrency sector and shows ambitions to further increase its assets, potentially leading to significant changes in the investment landscape.
