{"id":50020,"date":"2025-09-29T12:16:55","date_gmt":"2025-09-29T12:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50020"},"modified":"2025-09-29T12:16:55","modified_gmt":"2025-09-29T12:16:55","slug":"bitmine-immersion-eth-holdings-rise-to-2-66m-tokens-more-than-2-of-total-supply","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50020","title":{"rendered":"BitMine Immersion ETH Holdings Rise to 2.66M Tokens, More Than 2% of Total Supply"},"content":{"rendered":"<div>\n<p>BitMine Immersion Technologies (BMNR) ether (ETH) holdings rose to 2.65 million tokens, the company announced in a Sunday evening (U.S. hours) <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-exceeding-2-65-million-tokens-and-total-crypto-and-cash-holdings-of-11-6-billion-302569157.html\">press release<\/a>. That amount would be more than 2% of the total ETH supply, said the company.<\/p>\n<p>Combined with 192 BTC, $157 million in &#8220;moonshot&#8221; equities, and $436 million in unencumbered cash, the company&#8217;s holdings were worth $11.6 billion.<\/p>\n<p>The company\u2019s total ether owned seemingly show a jump of around 200,000 ETH, or around $820 million, from its previous <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/22\/tom-lee-s-bitmine-sells-stock-at-usd70-to-raise-additional-usd365m-for-eth-treasury%C2%B4\">ether treasury update<\/a>.<\/p>\n<p>BitMine\u2019s goal is to own 5% of all ETH. In the company\u2019s words, the \u201calchemy of 5%\u201d would position BitMine to benefit from Ethereum\u2019s long-term network effects.<\/p>\n<p>Tom Lee, Fundstrat\u2019s head of research and BitMine\u2019s chairman, described crypto as one of two \u201csupercycle\u201d investment narratives of the decade, alongside AI.<\/p>\n<p>\u201cThese two powerful macro cycles will play out over decades. Since\u00a0ETH&#8217;s price is a discount to the future, this bodes well for the\u00a0token\u00a0and is the reason BitMine&#8217;s primary treasury asset is\u00a0ETH,&#8221;\u00a0he said.<\/p>\n<p>Bitmine is currently the leading ETH treasury firm, far ahead of runner-up SharpLink Gaming, which holds 838,730 ETH according to <a href=\"https:\/\/www.strategicethreserve.xyz\/\">StrategicEthReeserve<\/a> data. In total, these firms hold 5.26 million ETH, or around 4.34% of its supply.<\/p>\n<p>Shares are higher by 3% in premarket action alongside a weekend bounce in the price of ETH to $4,110.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (BMNR) ether (ETH) holdings rose to 2.65 million tokens, the company announced in a Sunday evening (U.S. hours) press release. That amount would be more than 2% of the total ETH supply, said the company. Combined with 192 BTC, $157 million in &#8220;moonshot&#8221; equities, and $436 million in unencumbered cash, the company&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50020","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50020"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50020\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}