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BitMine Immersion Technologies triggered strong market reactions after unveiling the scale of its Ethereum exposure. The disclosure highlighted an aggressive treasury strategy that places Ethereum at the center of its balance sheet. Investors quickly reassessed the company’s positioning following the update.
According to the statement shared on X, BitMine now holds more than $13 billion in digital assets. The company reported ownership of 4,066,062 ETH, valued near $12 billion at press time. This holding ranks among the largest corporate Ethereum positions disclosed to date.
Beyond Ethereum, BitMine confirmed ownership of 193 BTC, currently valued at about $16.8 million. Additionally, the firm holds a $32 million equity stake in Eightco Holdings. Moreover, roughly $1 billion in cash provides liquidity support and balance sheet resilience.
The strategy reflects leadership direction under chairman Tom Lee. According to Lee, BitMine has structured its treasury model in a way similar to Strategy. This approach allows the firm to support debt obligations while maintaining substantial crypto exposure.
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Significantly, BitMine reiterated its long-term goal to accumulate 5% of Ethereum’s total supply. According to Lee, institutional investors continue to support this accumulation plan. He stated that financial and operational efficiencies are already emerging from the ETH-heavy balance sheet. Institutional participation in BitMine’s stock has expanded sharply. Ownership reportedly increased from 15 million shares to 95 million shares within one month. Furthermore, filings showed 359 long positions compared with just two short positions. Backing from Ark Invest has further reinforced investor confidence.
Meanwhile, BitMine has maintained steady Ethereum purchases during market volatility. On-chain data according to Lookonchain showed the company acquired 13,412 ETH, valued above $40 million. This activity occurred despite broader uncertainty across crypto markets. Ethereum’s appeal to institutional investors extends beyond short-term price performance. ETH has declined more than 11% year to date, yet demand from professional investors remains firm. Regulatory clarity has strengthened Ethereum’s role in tokenizing real-world assets.
According to Lee, BitMine serves as a treasury bridge between Wall Street and blockchain infrastructure. He explained that the company actively engages with key decentralized finance developers. In the United States, implementation of the Genius Act has supported stablecoin growth beyond $166 billion. Consequently, many institutional investors increasingly view Ethereum as strategically positioned. Expectations tied to the Clarity Act have strengthened beliefs that ETH may outperform Bitcoin in the near term. BitMine’s disclosure has intensified attention around this thesis.
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The post BitMine Shocks Markets After Revealing Massive Ethereum Holdings appeared first on 36Crypto.
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