BitMine Immersion Reports $12.1 Billion in Crypto, Cash; ETH at 3.73M Tokens
BitMine Immersion Technologies recently reported significant growth in its cryptocurrency holdings, reaching a total of $12.1 billion. This includes a substantial amount of Ethereum (ETH) tokens, reflecting the company’s strategy to expand its digital asset portfolio.
Ethereum Accumulation and Holdings
As of November 30, 2025, BitMine possesses 3,726,499 ETH, accounting for over 3% of the total ETH token supply. The company’s cash reserves stand at $882 million, complemented by 192 Bitcoin (BTC) and a $36 million stake in Eightco Holdings. This positions BitMine as a leading entity in the cryptocurrency sector.
Upcoming Fusaka Upgrade
BitMine is accelerating its acquisition of ETH tokens ahead of the Fusaka upgrade, set to activate on December 3, 2025. This upgrade is anticipated to enhance scalability, security, and overall usability within the Ethereum network. Thomas “Tom” Lee, Chairman of BitMine, noted the positive market conditions that have contributed to recent increases in ETH purchases, rising by 39% in just one week.
Market Position and Investment Strategy
BitMine is positioned as the largest ETH treasury globally and ranks second in total crypto treasury behind Strategy Inc. Furthermore, the company is notable for its high trading liquidity, with daily trading volumes averaging $1.7 billion, making it the 39th most traded stock in the U.S.
Support from Institutional Investors
BitMine has garnered backing from prominent institutional investors including ARK’s Cathie Wood, Bill Miller III, Pantera, and Galaxy Digital, all of whom are aligned with the company’s goal to acquire 5% of the ETH supply.
Annual Shareholders Meeting
The company is scheduled to hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026. This meeting will focus on the Fiscal Full Year 2025 earnings and corporate strategies.
Innovative Staking Solutions
BitMine is developing a staking solution known as The Made in America Validator Network (MAVAN). Expected to launch in early 2026, MAVAN aims to provide a secure and efficient staking infrastructure for investors. This initiative is part of BitMine’s broader vision to capitalize on advancements in the cryptocurrency market.
Conclusion
With its robust crypto holdings, strategic partnerships, and innovative projects, BitMine stands out in the rapidly evolving landscape of digital currencies. The company’s proactive approach places it in a strong position for future growth and investment opportunities.
