BitMine Immersion’s Ethereum treasury has crossed $6.6 billion, making it the second-largest corporate crypto holder after MicroStrategy. The move puts the company ahead of Marathon Digital (MARA) as it continues to expand its Ethereum-focused strategy.
BitMine Expands Ethereum Holdings to $6.6 Billion
According to a company press release, BitMine now holds more than 1.52 million ETH and 192 Bitcoin. The Ethereum holdings are valued at $4,326 per coin, placing the treasury’s worth at over $6.6 billion. Just a week earlier, the firm’s ETH reserves stood at $4.9 billion, showing rapid accumulation.
Tom Lee, BitMine’s chairman and co-founder of Fundstrat, stated that Ethereum is one of the strongest trades for the decade. He emphasized institutional adoption and the integration of blockchain with artificial intelligence as drivers of long-term value. “Ethereum is positioned to dominate as Wall Street and AI move onto blockchain,” Lee explained.
The company’s strategy goes beyond accumulation. BitMine also seeks to establish dominance in trading liquidity and institutional credibility. Its goal is to control 5% of the total ETH supply in circulation.
BitMine Surpasses Marathon Digital in Corporate Crypto Treasuries
With the latest accumulation, BitMine has overtaken Marathon Digital as the second-largest corporate crypto holder. Data from BitcoinTreasuries shows BitMine’s position now trails only MicroStrategy, which holds more than $74 billion in Bitcoin.
The growing demand of the institutions remains with firms seeking to re-adjust portfolios to add crypto reserves. BitMine is one of the most aggressive buyers as per this trend. The company has also attracted large investors such as ARK Invest, Founders Fund, Pantera Capital, and Kraken.
The competing strategy is that BitMine develops a massive Ethereum-dedicated treasury. As the majority of corporate ownership hovers around Bitcoin, BitMine, with its Ethereum-dominated balance sheet, stands out in terms of holdings. This has given a stronger investor interest when long-term accumulation is combined with market liquidity.
BitMine Stock Activity Surges Despite Price Correction
BitMine’s stock (BMNR) has become one of the most traded equities in the U.S. According to Fundstrat, daily trading volume averages $6.4 billion, making BMNR the 10th most liquid stock in the country. This places it ahead of established firms like JPMorgan and Alphabet.
Despite this liquidity, BMNR recently saw a daily loss of 4.37%, falling from $57.81 during early trading. However, long-term performance remains strong. Over the last six months, BMNR has gained 775%, while year-to-date growth exceeds 600%. TradingView data shows that the stock ranks among the best-performing U.S. equities in 2025.
Surge in liquidity, coupled with prospects of long-term returns, has continued to maintain investor confidence. Although the volatility in the short-term remains, the fast treasury growth and the presence of major institutional investment demonstrate the presence of BitMine in the market.
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