BitMine Immersion (BMNR) Rockets with Record-Breaking ETH Treasury Surge
How BitMine is rewriting crypto investing with lightning-fast ETH accumulation
BitMine Immersion Technologies (ticker BMNR, trading on NYSE American) has erupted onto the financial radar with a jaw-dropping surge in its Ethereum (ETH) holdings, igniting massive investor interest. In just one week, the company catapulted its ETH treasury from approximately $2.9 billion to a staggering $4.96 billion, pushing its total holdings to over 1.15 million ETH tokens.
This dramatic move has not only crowned BitMine as the world’s largest corporate ETH treasury, but elevated it to the third-largest crypto treasury overall, trailing just behind heavyweights MicroStrategy (MSTR) and Mara Blockchain (MARA). Under the guidance of Tom Lee, Chairman of the Board and a notable figure from Fundstrat, BitMine is racing toward an ambitious goal of owning 5 % of Ethereum’s total supply, branding its strategy as an “alchemy of 5%” play.
The reaction in trading has been equally dramatic. BMNR shares soared nearly 25 % last Friday, extending gains to 10–12 % in pre-market trading this Monday. Thanks to this frenzy, BitMine has climbed to become the 25th most liquid U.S. stock, with an average daily volume of about $2.2 billion, putting it ahead of major players like JPMorgan (JPM) and Micron (MU).
All this momentum solidifies BMNR’s identity as a pure-play ETH treasury proxy, offering investors a direct, publicly traded vehicle for Ethereum exposure—no mining complexities, no crypto wallets, just transparent stock trading.
Meanwhile, sentiment in the market is turning feverish. With Ether’s price recently climbing past $4,300, BMNR is emerging as the go-to ETH-related stock, attracting buzz around potential short squeezes, comparisons with MSTR, and public mentions of its institutional backers like Cathie Wood’s ARK, Founders Fund, Pantera, and Galaxy Digital.
Still, not everything is rosy. Analysts point out that despite the spectacular upside, BitMine’s fundamentals remain shaky—negative margins, weak liquidity ratios, and profitability concerns cloud its medium-term outlook. Moreover, the company’s concentration in ETH exposes it acutely to crypto volatility, especially Ethereum’s price swings.
Yet for now, BitMine Immersion (BMNR) has captivated the market—offering a bold, human-sounding narrative of explosive growth, strategic vision, and crypto-driven hype destined to keep readers glued to the page.
