BitMine Immersion Adds $320 Million of Ether Amid Market Correction in 2025
BitMine Immersion Technology (BMNR), recognized as the largest Ethereum treasury company, has strengthened its Ethereum holdings significantly amid the 2025 market landscape. Last week, BMNR acquired 102,259 ETH for approximately $320 million, increasing its total Ethereum holdings to nearly 4 million ETH.
The company's portfolio is valued at around $13.2 billion, which includes a $1 billion cash position, a small Bitcoin stake valued at about $89,577, and exposure to Eightco (ORBS). Despite these substantial holdings, BitMine faces roughly $3 billion in unrealized losses on its ETH investments, as Ethereum currently trades approximately 36% below its August peak.
BitMine's strategic treasury approach, known as the "alchemy of 5%", aims to control about 5% of the total Ethereum supply. Thomas Lee, Fundstrat founder and CIO and BitMine chairman, highlighted positive US legislation, favorable regulations, and support from Wall Street as key factors driving the company's continued accumulation of Ether during this market correction. Unlike most corporate treasuries, BitMine has remained active in growing its digital asset positions through the market fluctuations.
Overall, 2025 has presented positive developments for digital assets, with BitMine positioning itself for future growth by leveraging its substantial Ethereum holdings despite current market challenges.
