BitMine Immersion Technologies Expands Ethereum Holdings Beyond 2.1 Million ETH
At the forefront of Ethereum investments, BitMine Immersion Technologies (BMNR), a prominent treasury firm, has significantly bolstered its Ethereum (ETH) holdings. Leveraging on-chain analytics, reports reveal the acquisition of an additional 46,225 ETH tokens, marking a substantial increase in the company’s total ETH assets, which now exceed 2.1 million ETH.
BitMine’s Ethereum Collection Surpasses 2.1 Million ETH
In a recent update shared by the on-chain analytics expert, Lookonchain, BitMine has made strategic moves to further expand its Ethereum portfolio. The firm’s latest acquisition of 46,225 ETH, valued at over $200 million, underscores its aggressive accumulation strategy. Back on September 8, BitMine made headlines with a massive purchase of 202,500 ETH, allowing it to cross the two million mark in total holdings for the first time. The company’s long-term goal is to control 5% of the entire Ethereum supply.
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As a New York Stock Exchange-listed entity, BitMine has been persistently acquiring ETH, especially during the summer. With the latest purchase, BitMine’s Ethereum holdings have surged to over 2.1 million ETH, valued at an impressive $9.27 billion. Notably, BitMine holds the most ETH among all publicly traded companies. Coingecko data highlights SharpLink as the second-largest holder, with 837,230 ETH.
Other notable firms with significant Ethereum reserves include Coinbase (136,782 ETH), Bit Digital (120,306 ETH), and ETHZilla (102,246 ETH), all cementing their positions among the top five ETH holders. Interestingly, nine out of the top ten firms with the largest Ethereum holdings are based in the United States.
Following the latest acquisition, BitMine’s stock (BMNR) has seen a positive shift, trading at $47.85, reflecting a 4.93% increase on the day. From a year-to-date perspective, the stock has surged by an impressive 559%, ranking it among the top-performing crypto-related stocks of the year.
Ethereum Rivaling Bitcoin’s Dominance
The growing preference for Ethereum among businesses is gradually shifting focus away from Bitcoin, the leading cryptocurrency by market capitalization. While Ethereum has not entirely overtaken Bitcoin, there’s a noticeable trend of companies opting to incorporate ETH into their financial strategies. This shift gained momentum in 2025, with Cyprus-based Robin Energy recently investing $5 million in Ethereum.
Similarly, in August, SharpLink augmented its Ethereum holdings by acquiring an additional 56,533 ETH. In a parallel move, Yunfeng Financial, associated with Jack Ma, invested nearly $44 million in Ethereum recently. As staking activities within the Ethereum network continue to expand rapidly, further price appreciation for ETH is anticipated. Currently, Ethereum is trading at $4,435, showing a 1.5% increase over the past 24 hours.
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