BitMine Immersion Technologies (NYSE: BMNR), under the leadership of Fundstrat co‑founder Tom Lee, unveiled an aggressive Ethereum treasury strategy starting June 30, 2025. In just 35 days, the company acquired 833,137 ETH—worth approximately $2.9 billion—making it the world’s largest publicly traded ETH treasury.
This rapid accumulation places BitMine ahead of SharpLink Gaming and positions the firm as the third-largest corporate crypto treasury globally, trailing only MicroStrategy and MARA Holdings BitMine’s ETH stash now represents roughly 0.7% of Ethereum’s circulating supply, part of a long-term plan to own up to 5% of ETH across both treasury and staking activities.
Major institutional investors—such as Bill Miller III, ARK Invest (Cathie Wood), and Peter Thiel’s Founders Fund—backed BitMine’s strategic shift. The company also plans a $1 billion stock buyback, signaling capital conviction and confidence in Ethereum’s yield potential once staking operations commence.
Tom Lee characteHoldings.is as the “alchemy of 5%” strategy, highlighting BitMine’s ability to raise capital efficiently while maintaining high stock liquidity. As ETH staking becomes active, the firm expects a significant shift in earnings dynamics, potentially unlocking new value for shareholders.
