BitMine Immersion Declares $11.6B in Crypto Holdings
BitMine Immersion Technologies (BMNR) has disclosed a massive $11.6 billion crypto treasury. The company holds 2.65 million ETH, 192 BTC, $436 million in cash, and several other assets. This puts BMNR at the top with the largest Ethereum reserve in the world and the second-largest overall crypto reserve after Strategy Inc. (MSTR), which controls more than 640,000 BTC.
BMNR also announced its goal to increase ETH reserves to 5% of the circulating supply, a strong signal of its long-term conviction in Ethereum’s future. With an average daily trading volume of $2.6 billion, BMNR has become the 26th most-traded stock in the U.S., showing growing interest from traditional investors.
Strategy Inc. Continues Bitcoin Buying Spree
Michael Saylor’s Strategy Inc. added another 196 BTC worth $22.1 million at an average price of $113,048. This brings total reserves to 640,031 BTC, valued at more than $71.8 billion.
This is the ninth straight week of purchases, although the pace has slowed compared to earlier in the year. Still, Saylor remains bullish, recently stating that Bitcoin will “move up smartly again toward the end of the year” once macro resistance eases.
Supporting this view, on-chain data shows wallets holding between 10 and 10,000 BTC accumulated 83,000 BTC in September, pointing to rising institutional demand.
Helius Medical to Rebrand as Solana Company
Institutional exposure is expanding beyond BTC and ETH. Helius Medical Technologies (NASDAQ: HSDT) has announced plans to rebrand as “Solana Company” while keeping its stock ticker.
The company signed a non-binding LOI with the Solana Foundation under the “Solana By Design” initiative. As part of the rebrand, it will move all on-chain activity to Solana, purchase discounted SOL under agreed terms, and work with the foundation on joint events and institutional adoption strategies.
Helius still holds $500 million in cash from a PIPE financing deal, which will be directed toward building its digital asset treasury.
TON Strategy Stakes 82% of Reserves
TON Strategy disclosed that it has staked 82% of its TON reserves, aiming to finalize the process by October 10, 2025. The move is expected to generate about $24 million in annual staking rewards each year.
The company also reported repurchasing 1.5 million shares as part of its $250 million buyback plan.
Bitcoin Bounces, Institutions Fuel Sentiment
Bitcoin has climbed 2.52% in the last 24 hours, slightly outperforming the wider crypto market’s 2.35% gain. The rebound was fueled in part by Strategy’s $22 million BTC purchase and renewed optimism around spot crypto ETFs. Reports suggest Vanguard, with $10 trillion in AUM, may reconsider its long-standing ban on spot crypto ETFs, further strengthening market sentiment.
Institutional Outlook
The adoption of crypto treasuries by public companies continues to grow, even in the face of macroeconomic uncertainty. Ethereum and Bitcoin remain the primary targets, but interest in Solana and TON shows institutions are also willing to diversify into high-growth ecosystems.
