.png)
2 months ago
9
The firm's crypto and cash holdings rose to nearly $9 billion at one point Sunday prior to the plunge in crypto prices.
Aug 25, 2025, 12:38 p.m.
BitMine Immersion Technologies (BMNR), the public ether (ETH) treasury company led by Fundstrat's Tom Lee, continued its buying spree acquiring over 190,500 tokens through last week, the firm reported on Monday.
That brought total ETH holdings 1,713,899 tokens, worth roughly $7.9 billion at current ETH prices. The firm also held $562 million in cash for further acquisitions.
The company said its crypto and cash holdings combined hit $8.8 billion as of late Sunday at a $4,800 ETH price, up from the previous week's $6.6 billion. However, the overnight crypto market plunge brought the stash's value down as ETH fell below $4,600 by U.S. morning hours.
BMNR stock was own 2.6% premarket, after rallying 12% on Friday.
The stock's high trading volume helped the company to raise funds and increase ETH holdings at a fast pace, Lee said in a statement. BMNR booked a $2.8 billion average daily volume last week, ranking 20th among U.S. stocks trailing crypto exchange Coinbase (COIN).
BitMine earlier this month filed to raise $20 billion more through stock sales.
Read more: Bitcoin Reverses Powell Spike With a Flash Crash as Options Market Signals Jitters Ahead
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
More For You
Gemini Targets XRP Army With New Credit Card, Expands Ripple USD Use for U.S. Customers
Making preparations to go public, the firm — founded by the Winklevoss twins — is ramping up offerings.
What to know:
- Crypto exchange Gemini has launched an XRP credit card with Ripple, offering crypto rewards up to 4% on various purchases.
- The exchange also expands the use of Ripple's RLUSD stablecoin as a base currency for spot trading pairs for U.S. users.
- Gemini filed for an IPO in June.
