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Bitmine Immersion Becomes Ethereum's Largest Treasury Holder
23 Aug
Summary
- Bitmine Immersion's stock surges 12% as Ethereum hits new record high
- Company now owns over $6.6 billion in Ethereum, its largest crypto holding
- Bitmine Immersion sees Ethereum as a major long-term investment opportunity
On August 23, 2025, Bitmine Immersion Technologies Inc. (BMNR) emerged as a top performer on the stock market, with its shares rebounding by 12.07% to close at $53.49. This surge in the company's stock price was driven by the recent surge in Ethereum, the second-largest cryptocurrency, which reached a new record high of $4,866.
Bitmine Immersion, which is the largest Ethereum treasury holder globally, has been a major beneficiary of the cryptocurrency's rally. According to the company's latest report, its crypto holdings are now comprised of more than 1.5 million ETH, with an average price of $4,326 per coin. Additionally, the company owns 192 Bitcoins in its treasury.
Bitmine Immersion's chairman, Thomas Lee, expressed his confidence in Ethereum's long-term potential, stating, "We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today's financial system, and the majority of this is taking place on Ethereum."
The company's strong performance and its position as the largest Ethereum treasury holder have made it a focus of investor attention in the current market environment, which is characterized by an overall optimism in both the crypto and stock markets.
