Lucía Peña
BitMine Immersion (NYSE: BMNR) revealed that its crypto and cash reserves have surpassed $9.2 billion, largely driven by an accumulation of 2.069 million ETH. This milestone cements the Las Vegas-based company as the largest corporate Ethereum treasury and the second-largest overall crypto treasury after Michael Saylor’s Strategy.
The recent surge follows aggressive buying throughout August, including 14,665 ETH purchased for $65 million. Compared to last week’s 1.75 million ETH, BitMine has added more than 319,000 ETH worth $1.4 billion, bringing the total ETH stack to nearly $8.9 billion in value at current market prices.
The expansion coincides with a sharp rise in institutional interest in ether, fueled by spot ETH ETFs and balance sheet allocations. Public companies now hold a collective 2.78 million ETH, valued at nearly $12 billion — representing 2.3% of Ethereum’s circulating supply.
BitMine Launches “Moonshot” Initiative with Worldcoin Exposure
BitMine also disclosed a $20 million investment in Eightco Holdings (OCTO), supporting its $270 million PIPE and the firm’s plan to accumulate Worldcoin’s WLD token as its main treasury asset.
This move marks the beginning of BitMine’s “Moonshot” program, where roughly 1% of reserves are allocated to experimental projects aimed at strengthening the Ethereum ecosystem and driving long-term shareholder value.
Regulatory Pressures Mount for Crypto Treasuries
While corporate demand for ETH continues to climb, regulators are stepping up oversight. Nasdaq has tightened scrutiny on issuers using fundraising primarily for crypto purchases, signaling that firms with aggressive digital asset strategies may face tougher listing and disclosure requirements.
Long-Term Vision: Ethereum as a Reserve Asset
BitMine launched its ETH treasury strategy earlier this year, positioning Ethereum as a long-horizon reserve currency tied to the rise of onchain finance.
Chairman Tom Lee emphasized:
“We believe Ethereum represents one of the biggest macro trades of the next 10–15 years. With Wall Street and AI integrating into blockchain, we expect a deep transformation of global finance — and much of it will happen on Ethereum.”
As part of its bold plan, BitMine intends to control 5% of Ethereum’s total supply, or about 6.3 million ETH, in what it calls the “alchemy of 5%” strategy.
Market Impact
Following the announcement, BMNR shares rose 3% on Monday, while ETH remained steady at $4,340, according to PRIME’s data.
