BitMine Immersion Technologies (BMNR) announced that its Ethereum holdings have reached 5.62 million tokens, with total crypto and cash holdings of $10.4 billion, following the company’s latest purchase.
BitMine says its ETH holdings climbed to 5.62 million tokens
TLDR KEY POINTS
- BitMine announced its Ethereum treasury now holds 5.62 million ETH tokens.
- The company reported total crypto and cash holdings of $10.4 billion.
- Key details, including purchase timing and funding source, remain unverified.
The update came via a PR Newswire announcement from BitMine Immersion Technologies, trading under the ticker BMNR. The company disclosed that its Ethereum treasury reached the 5.62 million token mark after its most recent acquisition.
The announcement also referenced total crypto and cash holdings of $10.4 billion, positioning BitMine’s treasury strategy alongside a broader trend of corporate crypto accumulation. Companies like IREN, which recently acquired Nostrum to expand its mining and data center operations, and Strategy, which purchased 1,587 BTC for $100 million, have similarly pursued large-scale digital asset treasury positions.
Why a larger Ethereum treasury matters for BitMine
A publicly traded company accumulating millions of ETH tokens signals a long-term conviction in Ethereum as a treasury reserve asset. For investors evaluating BMNR, the size of the position, 5.62 million tokens, makes it one of the more notable corporate Ethereum holdings if independently confirmed.
The announcement’s framing, which combined crypto holdings with total cash reserves to reach the $10.4 billion figure, suggests BitMine wants the market to evaluate its treasury as a unified asset base. This mirrors the playbook used by Bitcoin-focused treasury companies that report combined crypto and fiat positions.
However, without verified pricing data at the time of purchase, it is not possible to independently assess the cost basis or whether the acquisition was made at favorable terms. The company’s own communications provide limited additional detail on treasury strategy beyond the headline figures.
What the announcement still leaves unanswered
This reporting is based on a partially verified announcement trail. The underlying research phase terminated early, and no independent facts from the press release were fully verified against on-chain data or secondary sources.
Several important details remain unclear. The exact timing of the latest purchase, the funding source used to acquire the ETH, the average purchase price, and whether the holdings can be confirmed through on-chain records on Etherscan are all absent from the available information.
Follow-up coverage would benefit from on-chain wallet confirmation, an independent audit of the stated holdings, and clarity on whether BitMine’s $10.4 billion figure includes unrealized gains. Readers should treat the announced figures as company-sourced claims until independently verified. Coverage of recent developments across crypto exchanges and trading infrastructure similarly underscores the importance of verifiable data in fast-moving digital asset markets.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
