According to a press release published on PR Newswire, approximately 60,000 ETH of this amount is considered as options. The remaining part is listed directly in the company’s active assets. With an average ETH price of $3,461.89, the total reserve value has reached $1 billion. 

Strategy Backed by Fundstrat and Thiel 

Bitmine Immersion’s growth strategy is strongly backed by notable investors such as Fundstrat’s co-founder Thomas Lee and Peter Thiel. Fundstrat President Thomas Lee stated: 

“At Bitmine, we surpassed $1 billion in Ethereum holdings just seven days after completing our initial $250 million private placement.” 

Bitmine CEO Jonathan Bates explained the reserve strategy’s purpose as follows: 

“Our $1 billion ETH acquisition is a clear signal of our long-term belief in Ethereum’s value.” 

Meanwhile, public documents show that Founders Fund, led by Peter Thiel, holds a 9.1% stake in the company. This share acquisition has led to significant increases in Bitmine’s stock prices. 

Treasury Structure, ETH Reserves, and Institutional Holdings 

According to Bitmine Immersion’s disclosure: 

• Total ETH held: 300,657 ETH 
• Average ETH price: $3,461.89 
• Total USD value: $1,040,466,261 
• ETH held as options: 60,000 ETH 
• Liquid ETH: 240,657 ETH 

In addition to these reserves, the company’s balance sheet includes stablecoin-based collateral assets and various crypto futures positions. Bitmine holds a majority of its reserves in on-chain wallets, while also using institutional custody services for security. 

Market Response and Stock Performance 

Following these developments, Bitmine shares surged 3,000% weekly. Notably, after Peter Thiel’s investment announcement, share prices jumped 30% in a single session. 

Bitmine’s Ethereum-focused strategy has set an example for other mining companies. Institutional investors in the crypto sector are now closely watching this reserve model. Fundstrat noted that ETH has now started “leading institutional portfolios.” 

With its Ethereum treasury strategy, Bitmine Immersion has become a key player not only in crypto mining but also in institutional digital asset management. The $1 billion ETH reserve highlights the company’s long-term vision, while support from figures like Fundstrat and Peter Thiel reinforces this strategy on a global scale. 

This move is seen as a signal for a new trend in crypto markets, potentially leading other companies to restructure their treasury models following Bitmine’s roadmap. 

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