{"id":13265,"date":"2025-10-13T16:28:08","date_gmt":"2025-10-13T16:28:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-reaches-3m-eth-tokens-in-ongoing-accumulation\/"},"modified":"2025-10-13T16:28:11","modified_gmt":"2025-10-13T16:28:11","slug":"bitmine-reaches-3m-eth-tokens-in-ongoing-accumulation","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-reaches-3m-eth-tokens-in-ongoing-accumulation\/","title":{"rendered":"BitMine reaches 3M ETH tokens in ongoing accumulation"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>BitMine now commands an unprecedented 2.5% of all Ether, placing it in a league of its own. This concentration transforms the firm into a foundational pillar of the Ethereum network, with influence extending far beyond its balance sheet.<\/p>\n<div id=\"cn-block-summary-block_f6b2aa87e8df1f12ea8baf0728d82b93\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine now holds 3.03 million ETH, representing 2.5% of Ethereum\u2019s total supply and marking a major step toward its 5% target.<\/li>\n<li>The company\u2019s accumulation is backed by major investors including ARK Invest, Founders Fund, and Pantera Capital.<\/li>\n<li>Beyond ETH, BitMine disclosed $104 million in cash, 192 BTC, and $135 million in \u201cmoonshot\u201d equity holdings, with its stock trading $3.5 billion daily.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-exceeding-3-03-million-tokens-and-total-crypto-and-cash-holdings-of-12-9-billion-302581589.html\" target=\"_blank\" rel=\"nofollow\">press release<\/a> dated Oct. 13, BitMine Immersion Technologies aggressively added 202,037 Ether (ETH) to its coffers during a recent market downturn, officially pushing its holdings past the 3.03 million token mark.<\/p>\n<p>The company\u2019s chairman, Thomas \u201cTom\u201d Lee, stated the strategic acquisitions were a direct response to what he termed a \u201csubstantial discount to the future,\u201d leveraging market deleveraging to accelerate its progress toward a stated goal of controlling 5% of the entire Ether supply.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cVolatility creates deleveraging and this can cause assets to trade at substantial discounts to fundamentals, or as we say, \u2018substantial discount to the future\u2019 and this creates advantages for investors, at the expense of traders,\u201d Lee said. \u201cThis Chairman\u2019s Message explains our framework for why we see Ethereum in a Supercycle driven by the AI and Wall Street moving into the blockchain.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Progress toward the 5% horizon<\/strong><\/h2>\n<p>With 3.03 million ETH in its coffers, BitMine\u2019s figure sits at about 2.5% of circulating Ether. To control 5% of Ethereum\u2019s total supply, the company would need to acquire an additional 3 million ETH under current total supply and market assumptions, effectively doubling its current position.<\/p>\n<p>This pursuit is backed by a formidable consortium of institutional capital, including ARK Invest, Founders Fund, Pantera Capital, and Galaxy Digital, providing the financial firepower for such an audacious long-term strategy.<\/p>\n<p>Beyond its colossal ETH position, BitMine holds 192 Bitcoin, $104 million in unencumbered cash, and a $135 million stake in Eightco Holdings classified as \u201cmoonshots.\u201d These assets sum, with its ETH position, to a total reported $12.9 to $13.4 billion in liquidity and crypto value.<\/p>\n<p>On the equity side, BitMine claims significant momentum: its stock is now among the most heavily traded in the U.S. As of the latest five-day average, BMNR\u2019s daily trading volume reaches roughly $3.5 billion, putting it at rank #22 among all U.S.-listed names, according to data from Fundstrat.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine now commands an unprecedented 2.5% of all Ether, placing it in a league of its own. This concentration transforms the firm into a foundational pillar of the Ethereum network,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13265"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13265\/revisions"}],"predecessor-version":[{"id":13266,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13265\/revisions\/13266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8702"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}