- BitMine Immersion expands its Ethereum reserves by 82,300 ETH, reaching 3.4 million ETH in total.
- The company’s total crypto and cash assets now stand at $13.7 billion, ranking it as the world’s largest Ethereum holder.
- Fundstrat’s Tom Lee says the firm’s growing reserves position BitMine for long-term strength amid market recovery.
BitMine Immersion Technologies has strengthened its position as a leading digital asset holder after acquiring an additional 82,300 ETH over the past week.
The company’s latest financial disclosure shows total crypto and cash assets reaching around US $13.7 billion as of November 2, 2025. This portfolio includes 3.395 million ETH valued at $3,903 per token, 192 Bitcoin, $389 million in cash, and $62 million in its so-called “moonshot” investments such as Eightco Holdings.
With this accumulation, BitMine remains the largest Ethereum treasury globally and the second largest crypto treasury overall, trailing only Strategy Inc (MSTR), which holds 640,808 BTC worth about $71 billion.
Tom Lee, Chairman of BitMine and founder of Fundstrat Global Advisors, emphasized that the company’s ETH reserves now represent roughly 2.8% of Ethereum’s total circulating supply. He added that the firm is steadily advancing toward its goal of controlling 5% of the total ETH supply.
Market Reset Creates Healthier Setup for Ethereum
According to Lee, the base layer strength of the Ethereum network is accelerating. He highlighted a 15% increase in stablecoins on the Ethereum network over the past eight weeks as well as record-breaking revenues in decentralized applications, as recorded by DeFiLlama.
Despite the severe market correction in October, which is considered to be the largest in crypto history, ETH open interest plunged by a record-breaking 45%. According to Lee, this is a much-needed correction that will ensure that the overall market is in a stable position to experience price growth that is well-connected to supporting fundamentals.
He also stated that BitMine increased its cash reserves to a total of $389 million, which is higher than previous reserves of $305 million. It is the strategy of this company to accumulate more ETH whenever the entry opportunity arises.
BitMine’s Trading Volume Surges Among Top US Stocks
BitMine is also one of the most heavily traded stocks in the US presently. Recent data obtained from Fundstrat reveals that BitMine averages a volume of $1.5 billion in the last five days as of October 24, 2025.
This makes BitMine rank #60 in the US stock market, next only to Walmart and ahead of Marvell Technology in a total of over 5,700 listed companies.
However, Lee is of the idea that the fourth quarter will experience activity in the crypto markets as well as equities as a result of a recovery in the level of trading volumes in response to the deleveraging event in October.
He is confident that BitMine, with high liquidity, will continue to dominate the digital asset trading space together with Strategy Inc., which cumulatively accounts for approximately 88% of digital asset treasury trades globally.
Also Read: Ethereum Stablecoins Hit $183.2 Billion, Surpassing Major Global Reserves
