BitMine Immersion became the world’s largest Ethereum holder with $13.4B in crypto and cash, acquiring 202K ETH amid a market dip.

BitMine Immersion (BMNR) revealed on October 13, 2025, that its crypto and cash holdings reached $13.4 billion, including 3.03 million Ethereum tokens—2.5% of ETH’s supply—making it the world’s largest Ethereum treasury and second-largest global crypto treasury. The company acquired 202,037 ETH during a market downturn, citing institutional backing from ARK Invest, Founders Fund, Pantera, Kraken, Galaxy Digital, and Chairman Tom Lee. Its stock, averaging $3.5 billion in daily trading, ranks 22nd most active in the U.S. Lee described current regulatory and technological shifts as transformative, likening them to the 1971 end of the gold standard, and highlighted Ethereum’s “Supercycle” fueled by AI and institutional adoption.