Haciyev Reşit 
Ethereum-focused treasury company BitMine Immersion has announced that the total value of its crypto and cash assets has exceeded $10 billion. Last week, the company purchased approximately 82,233 ETH, raising its Ethereum reserves to 2,151,676 ETH, with a value of $9.75 billion. The firm is led by renowned strategist Tom Lee.
Importance of Ethereum and Other Assets
BitMine’s assets are not limited to Ethereum. The company’s portfolio also includes 192 BTC, $214 million in Eightco shares, and $569 million in cash reserves.
With this asset allocation, BitMine is currently the largest Ethereum treasury holder. It is followed by Joe Lubin’s SharpLink and The Ether Machine. Additionally, BitMine stands out as the second-largest publicly listed crypto treasury company overall, after Michael Saylor’s Strategy.
Tom Lee’s Ethereum Vision
Tom Lee highlighted that BitMine’s total crypto assets have reached approximately $11 billion and that its Ethereum holdings have surpassed the 2 million ETH mark, emphasizing that Wall Street’s shift to blockchain and AI creating token economies are creating a supercycle for Ethereum.
Lee believes that Ethereum will witness one of the largest macro transactions over the next 10–15 years and stated that the company aims to purchase 5% of the circulating ETH supply.
Interest from Institutional Investors
BitMine’s recent Ethereum acquisitions reflect growing interest among institutional investors. Supporters include Cathie Wood’s Ark Invest, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. This backing not only strengthens BitMine’s position in Ethereum but also serves as a signal of institutional confidence in crypto assets.
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