Bitmine Immersion Technologies, Inc. (BMNR) stock fell by 7.65% to $50.88 during the morning trading session.
Bitmine Immersion Technologies, Inc. (BMNR)
The decline occurred steadily throughout the session as the broader crypto-linked equities remained under pressure. Bitmine maintains high trading volume and ranks among the most liquid stocks in the US.
The company now holds the 28th position in daily dollar trading volume among 5,704 US-listed stocks. With an average five-day trading volume of $2.0 billion, Bitmine stands just behind Eli Lilly and ahead of Arista Networks. This places the company in a select tier of highly active public equities.
Although the stock dropped today, it remains one of the most widely traded in the US market. Strong institutional support and the firm’s aggressive crypto strategy contribute to sustained interest. The trading activity suggests ongoing market attention and participation despite price movement.
Bitmine currently holds 2,151,676 Ethereum (ETH) as of September 14, with each ETH priced at $4,632. This gives the company a total ETH valuation of approximately $9.97 billion, solidifying its place as the world’s largest Ethereum treasury. The firm’s strategy targets acquiring 5% of the total ETH supply globally.
These ETH holdings place Bitmine second in total crypto reserves worldwide, trailing only Strategy Inc., which dominates with its 638,460 BTC portfolio. Bitmine’s position underscores its commitment to long-term Ethereum accumulation, outpacing other corporate treasuries in ETH ownership.
The firm attributes this accumulation to macro trends favoring blockchain integration and agentic AI. Bitmine believes that Ethereum will remain the key infrastructure in a tokenized economy. Management asserts that early and large-scale ETH exposure offers exponential value through network effects.
Bitmine holds 192 Bitcoin (BTC), adding further strength to its crypto balance sheet. The company also maintains unencumbered cash reserves totaling $569 million, providing operational flexibility and strategic optionality. Furthermore, Bitmine owns a $214 million stake in Eightco (NASDAQ: ORBS), a high-growth equity classified as a “moonshot.”
These diversified holdings bring Bitmine’s total crypto and strategic asset portfolio to $10.771 billion. This multi-asset strategy balances liquidity, upside potential, and long-term conviction in blockchain networks. Bitmine continues to advance this hybrid approach while retaining institutional confidence.
The company’s backers include ARK’s Cathie Wood, Pantera, Galaxy Digital, Kraken, DCG, and the Founders Fund. Personal investors such as Thomas “Tom” Lee, who also serves as Chairman, remain vocal supporters. This group reinforces Bitmine’s credibility and its positioning within the crypto-financial ecosystem.
The post Bitmine (BMNR): Despite 7.65% Drop, Bitmine Flexes $10.8B in Crypto and “Moonshots” Holdings appeared first on CoinCentral.
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