Keynote
The company currently manages more than 2% of its total supply of Ethereum following its aggressive Q3 accumulation strategy. BMNR shares have risen 41.7% over the past month as Ethereum achieved the strongest third-quarter performance on record.
Ethereum Treasury Investor Bitmine Immersion Technologies (BMNR) has achieved a historic milestone, surpassing Marathon Digital and becoming the world’s second largest cryptocurrency owner.
According to an official Bitmine press release on October 6, the company’s Combined Crypto and Cash Holdings currently totals $13.4 billion, including 283 million Ethereum.
ETH
$4 718
24-hour volatility:
4.9%
Market Cap:
$571.53 b
Vol. 24H:
$39.07 b
$456 million undisturbed cash, and minor bitcoin
BTC
125$378
24-hour volatility:
2.1%
Market Cap:
$2.50 t
Vol. 24H:
$68.56 b
And equity stakes.
Bitmine overtakes Marathon Digital as the second largest Crypto Treasury | Strategy Inc. (MSTR) Source: FundStrat
The current market price is $4,535 per ETH, and Bitmine’s Ethereum reserves are currently worth around $12.83 billion, managing more than 2% of the ETH supply.
Bitmine’s rapid ETH accumulation in Q3 has driven it ahead of Marathon Digital, with its $6.5 billion holdings remaining primarily on Bitcoin base.
Only Michael Saylor-led strategies are ranked globally, valued at 640,031 BTC at $80 billion.
Bitmine’s aggressive accumulation had a positive impact on stock performance as Ethereum achieved its highest third performance ever. BMNR has risen 41.7% over the past month, trading at a market capitalization of $17.7 billion at the time of this report.
Bitmine (BMNR) Stock Price Performance as of October 6, 2025 | Nasdaq
Supported by well-known investors such as Cathie Wood’s Ark Invest, Founders Fund, Pantera, Galaxy Digital and DCG, Bitmine continues to pursue Chair Thomas “Tom” Lee’s long-term goal of achieving 5% of Ethereum’s distribution supply.
Ethereum’s Tom Lee Woose AI and Wall Street players at Singapore’s Token 2049
At the Token 2049 conference in Singapore, Bitmine Chairman Tom Lee reaffirmed the company’s long-term commitment to Ethereum, citing new talks on AI integration.
“Tom Lee Ethereum’s paper is late,” replied @FundStrat,
It’s good that we’re behind in the crypto world. I took it as a compliment. I’m an ethnard!
This is why I love Bitmine and Tom.
Their humor matches perfectly with mine! $eth/$bmnr pic.twitter.com/coullpatla
– Kodi (BMNR)📌 (@sweatykodi) October 5th, 2025
“We spent last week meetings in Singapore at Token2049 with many leaders in the crypto and blockchain industry. The Bitmine team sat with Ethereum Core developers and major ecosystem players. It’s clear that the community is focused on Wall Street and AI building the future in Ethereum.
Lee highlighted deep liquidity as a potential value driver for Ethereum’s 100% uptime, the established developer community, and AI infrastructure.
Ethereum prices have skyrocketed at 4%, exceeding $4,719, the highest level since mid-September. This marks the strongest day’s rally since October 1, showing renewed optimism as investors expect bullish responses to US closures to leak last week.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Ibrahim Ajibade is a veteran research analyst with a background in supporting a variety of Web3 startups and financial organizations. He holds a bachelor’s degree in economics and currently holds a master’s degree in blockchain and distributes ledger technology at the University of Malta.
Ibrahim Ajibade on LinkedIn
