Bitmine Immersion Technologies shares rose more than 7% on Monday after the New York-listed firm disclosed total cryptocurrency, cash, and venture investments valued at $14.9 billion as of late August.
The company, now the world's largest Ethereum treasury, added 32,447 ETH over the past week for $81 million, bringing its total to 5,847,611 tokens — roughly 4.8% of Ethereum's circulating supply. The accumulation coincided with a 30% weekly surge in ETH prices, the steepest since mid-2025.
Bitmine has staked 5.07 million ETH, projecting roughly $330 million in annualized staking revenue. Its broader portfolio also includes 210 Bitcoin, a $180 million stake in Beast Industries, and an $89 million position in Eightco Holdings. The firm has purchased ETH every week since launching its treasury strategy in June 2025.