What is BitMine's new Ether treasury size?

BitMine's Ether holdings have now grown to over 3.5 million ETH, valued at more than $11 billion.

How has BitMine's stock performed in the past month?

Despite its massive Ether holdings, BitMine's stock has dropped approximately 35% in the past month.

What strategy has BitMine adopted that is similar to MicroStrategy's approach?

Like MicroStrategy, BitMine has shifted its focus from mining to a treasury-centric model, attracting institutional investors.

Home / Business and Economy / BitMine Appoints New CEO as Ether Treasury Surges to $11B

BitMine Appoints New CEO as Ether Treasury Surges to $11B

16 Nov

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Summary

BitMine names new CEO as Ether holdings exceed 3.5 million ETH
Company shifts from mining to treasury-focused model, attracting institutional investors
BitMine's stock drops 35% in the past month despite its massive Ether holdings

BitMine Appoints New CEO as Ether Treasury Surges to $11B

On November 16, 2025, BitMine Immersion Technologies announced the appointment of Chi Tsang as its new Chief Executive Officer, effective immediately. This leadership change comes as the company continues to expand its Ether treasury, which has now grown to over 3.5 million ETH, valued at more than $11 billion based on the current market price.

The company's shift from a mining-focused operation to a treasury-centric model has attracted significant interest from institutional investors. In early November, ARK Invest disclosed that it had purchased around $2 million worth of BitMine shares, further expanding its exposure to Ether-linked equities.

Despite the company's massive Ether holdings, BitMine's stock has struggled in recent weeks, dropping approximately 35% over the past month. Tsang, the new CEO, believes that with its substantial Ethereum holdings and credibility within the Ethereum ecosystem, BitMine is well-positioned to become a leading financial institution.