BitMine Immersion Claims the Throne as the Worldʼs Largest Ethereum Treasury Company ● ●
BitMine Immersion now holds the largest Ethereum treasury globally, with $8.82 billion in crypto and cash Backed by major institutions, the firm aims to accumulate 5 percent of Ethereumʼs total supply
Last Sunday, August 24th, BitMine Immersion Technologies BMNR reported crypto and cash holdings totaling $8.82 billion, cementing its position as the worldʼs largest Ethereum-focused treasury company. Its reserves include 1,713,899 ETH—valued at approximately $4,808 per token—alongside 192 Bitcoin and $562 million in unencumbered cash. BitMine now ranks as the number one corporate Ethereum treasury company globally and the second-largest overall crypto treasury group, behind Strategy Inc. MSTR, whose holdings of over 629,000 Bitcoin are valued at roughly $71 billion. BitMineʼs rapid expansion underscores a growing corporate trend of concentrated crypto balance sheet strategies. Accelerated Accumulation Within just one week, BitMine increased its total crypto and cash reserves by $2.2 billion, adding more than 190,500 ETH to its treasury. The pace of accumulation has driven a dramatic rise in the firmʼs net asset value NAV, with its crypto and cash NAV per share surging from $22.84 on July 27th to $39.84 by August 24th. This increase is based on a fully diluted share count of 221,515,180.