BitMine Immersion to Issue $20 Billion in Stock to Expand Ethereum Holdings

Ethereum-focused treasury company Bitmine Immersion announced plans to issue $20 billion worth of stock to acquire additional Ethereum (ETH). The move is aimed at expanding the company’s Ethereum holdings. The announcement did not specify the exact issuance date or the method of stock distribution, but the stated value of the stock offering is $20 billion. This significant capital measure positions Bitmine Immersion among the largest corporate buyers of Ethereum to date. No further operational details, such as the number of shares or current ETH prices at the time of the planned purchase, were provided in the report.

BitMine Immersion, which holds the world's largest Ethereum (ETH) treasury, announced plans to issue $20 billion worth of stock to acquire additional ETH. The company currently owns more than 1.15 million ETH tokens, valued at over $4.96 billion. This strategic move seeks to expand its Ethereum reserves beyond its already substantial holdings.

By pursuing this initiative, BitMine Immersion reinforces its position as a leading accumulator of Ethereum and strengthens its status as the largest single-treasury holder of the cryptocurrency. Details regarding the stock issuance process or precise timeline remain undisclosed, but the proceeds are explicitly intended for the direct purchase of more ETH.

Bitmine Immersion Inc. (BMNR), a publicly traded company holding the largest Ethereum (ETH) treasury in the world, announced plans to issue $20 billion worth of stock to purchase additional ETH. As of the announcement, the company reported Ethereum holdings exceeding 1.15 million tokens, valued at more than $4.96 billion.

The planned stock issuance is intended to expand the company’s cryptocurrency reserves significantly. Bitmine Immersion’s move comes amid a strong market rally in which Ethereum recently surpassed $4,000 and approached $4,300. The company’s existing ETH treasury already positions it as the largest institutional holder of Ethereum globally.

According to the statement, the decision aligns with Bitmine Immersion’s strategy to increase its stake in Ethereum during favorable market conditions. The announcement did not provide specific timelines for the stock issuance or precise purchase schedules for the new ETH acquisitions.

BitMine Immersion (BMNR), an Ethereum-focused corporate treasury, announced an increase in its planned stock issuance from $20 billion to $24.5 billion in order to purchase additional Ethereum (ETH). The company currently holds more than 1.15 million ETH, valued at over $4.96 billion, making it the largest known Ethereum treasury in the world.

The revised stock offering aims to significantly expand BitMine’s ETH reserves, following a strategy similar to Bitcoin-focused firms that maintain large crypto treasuries. While the company has not provided specific timelines for completing the issuance or acquiring the new ETH, the move underscores its commitment to consolidating its position as the largest corporate holder of Ethereum globally.

In late July 2025, BitMine Immersion Technologies, a cryptocurrency mining and treasury firm, rapidly acquired over $2 billion worth of Ethereum within a two-week period, making it the largest public holder of the cryptocurrency. The acquisition was confirmed by Tom Lee, the firm's chairman and a Wall Street strategist, in an interview with DL News published on August 1, 2025.

Lee stated, “There’s true scarcity in Ethereum right now,” highlighting that the company’s purchasing strategy hinges on both the size and the speed of accumulation. BitMine’s move follows a precedent set by Michael Saylor of MicroStrategy, who pioneered large-scale cryptocurrency purchases for corporate treasuries, amassing over 3% of Bitcoin’s total supply.

According to an investor presentation titled “The Alchemy of 5,” published in July 2025, BitMine plans to acquire up to 5% of the total Ethereum supply. At the time of the report, the company’s holdings already exceeded 833,000 ETH tokens, valued at more than $2.9 billion.

This aggressive acquisition strategy positions BitMine at the forefront of a broader “crypto treasury craze,” where companies diversify balances away from Bitcoin into other cryptocurrencies such as Ethereum. Lee emphasized that the rapid pace of buying is a defining factor of BitMine’s approach.

The firm's actions not only expand its asset base but also contribute to the tightening availability of Ethereum in the market, according to the company’s leadership. The holdings represent the largest ETH treasury among publicly listed entities.

Wall Street strategist Tom Lee, known for his accurate bitcoin price predictions and stock market insights, has been named chairman of the board of directors at BitMine Immersion Technologies as of Monday. BitMine Immersion Technologies recently announced a $250 million private placement aimed at executing a buying strategy centered around ether (Ethereum), which the company intends to designate as its primary treasury reserve asset. This strategic move complements BitMine's existing core business in bitcoin mining. Lee highlighted that stablecoins have spurred a convergence between financial services and cryptocurrency, describing them as the "ChatGPT of crypto" due to their rapid adoption by consumers, businesses, banks, and payment processors such as Visa. Ethereum underpins much of the stablecoin ecosystem and acts as the essential architecture behind them. Consequently, BitMine's project to accumulate Ethereum is aimed at hedging and gaining influence within the network. Going forward, BitMine will track ether's value per company share as a key performance indicator, mirroring the bitcoin-per-share metric used by MicroStrategy. Lee explained that the company can enhance the ETH held per share through reinvestment of cash flows, capital market initiatives, and fluctuations in Ethereum’s value. Prior to the private placement, BitMine's market capitalization was a modest $26 million, with shares experiencing a 45% decline year-to-date and trading lightly. Lee's leadership and the infusion of capital signal a significant strategic pivot for BitMine towards leveraging Ethereum, reflecting broader momentum in the crypto space, including recent successful events like Circle’s stablecoin issuer IPO and advancing stablecoin legislation in the U.S. Congress. This development signifies increased institutional interest in Ethereum as a treasury asset and the financial industry's broader embrace of crypto technologies.

BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has announced the launch of two new investor communication initiatives: a detailed investor presentation and a monthly video series. The company released a presentation titled "The Alchemy of 5" and introduced a recurring video program called "The Chairman’s Message".

The video series will be hosted by Tom Lee, Chairman of BitMine and cofounder of Fundstrat. In the series, Lee will focus on educating investors about Ethereum’s long-term potential and detailing BitMine’s Ethereum (ETH) corporate treasury strategy. Both the investor presentation and the video series are accessible via the company’s investor relations website.

The announcement is part of BitMine’s push to strengthen investor engagement and increase transparency about its strategic focus on Ethereum. BitMine’s ETH treasury strategy aims to position the company prominently among public firms holding substantial Ethereum reserves.

BitMine Immersion Technologies has announced a $250 million private placement to fund a new Ethereum treasury strategy, aiming to become one of the largest publicly traded holders of Ethereum (ETH). This move is spearheaded by Wall Street strategist Tom Lee, who is notably shifting his crypto focus from Bitcoin to Ethereum. The company’s stock (ticker BMNR) surged by 230% following the announcement, reflecting strong investor enthusiasm for their plan.

The private placement funds will be used to buy significant amounts of Ethereum, positioning BitMine as a major institutional ETH holder. This strategy emerges amid a broader renewed interest in Ethereum and its related financial products, such as Ether ETFs. On the same week, Ether ETFs have seen substantial inflows, exemplified by BlackRock’s iShares Ethereum Trust attracting $40 million. Despite Ethereum nearing its 10-year anniversary in July and currently trading about 75% below its all-time high, there is growing optimism about its utility and tokenization use cases.

Devin Ryan, head of financial technology research at Citizens, noted that while stablecoins were the initial large-scale use case, tokenization of real-world assets on Ethereum will significantly expand the market. However, the Ethereum network faces challenges including competition from rivals like Solana and recent volatility driven by geopolitical uncertainty.

Tom Lee’s leadership and BitMine’s capital injection underscore a bet on Ethereum’s long-term value proposition and the growing adoption of digital assets. This development may alter institutional ownership dynamics in the crypto sphere and exemplifies Wall Street’s shifting focus toward Ethereum-centric strategies.