You know, BitMine Immersion Technologies was that quiet player grinding in the background, but now?
Boom, this Las Vegas company just exploded onto the crypto stage, grabbing headlines and Ethereum tokens like a mob boss grabbing stakes.
They’re sitting on $6.6 billion worth of crypto, becoming the world’s largest Ethereum treasury and the second-largest crypto hoarder on the planet. Why so serious?
High roller
Now, picture how it was before all this frenzy. BitMine launched its Ethereum treasury strategy just six weeks ago, on June 30.
Fast forward, and they’ve piled up 1.523 million ETH tokens, that’s right, over one and a half million Ethereum, plus 192 Bitcoin.
In just one week alone, they snatched up 373,000 ETH tokens, adding a cool $1.7 billion to their stash.
It’s like watching someone go from folding sweaters quietly in the backroom to slamming down cash like a high roller at a Vegas poker table.
Top10 most liquid stock
In fact, they’re second only to MicroStrategy, that giant with $74 billion locked in Bitcoin. BitMine’s climb isn’t just a random hustle tho, they got some big, big institutional backing.
We’re talking Cathie Wood’s ARK, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group, and Galaxy Digital, all throwing their weight behind BitMine’s hunt for what they call the alchemy of 5% of all Ethereum tokens. Ambition? You bet.
And don’t blink, you might miss the market action. BitMine’s stock is buzzing on the NYSE American.
The price dropped a bit on Monday, down 5%, but over the past month? Up nearly 39%.
The trading volume? $6.4 billion daily, making it one of the 10 most liquid stocks out of a sea of 5,700 US-listed companies.
That’s like being the hottest ticket in town, the guy everyone wants to deal with.
Institutional-backed accumulation
Thomas Lee from Fundstrat and BitMine’s chairman puts it into perspective, he compares this crypto jump to the 1971 collapse of the Bretton Woods system, a move that changed Wall Street forever.
He’s betting big on Ethereum being one of the biggest macro trades for the next 10 to 15 years.
So what’s the new game? BitMine is rewriting the playbook, showing us that aggressive, institutional-backed accumulation is the name of the game now. It’s about controlling a serious slice of future wealth.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 20, 2025 • 🕓 Last updated: August 20, 2025
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