BitMine’s Ether holdings surpass $2B milestone

BitMine Immersion Technologies has surpassed $2 billion in Ether holdings just 16 days after closing a $250 million private placement.

The Nasdaq-listed Bitcoin mining company announced Thursday that it had acquired 566,776 ETH at an average price of $3,643.75. The company aims to stake and hold 5% of the total circulating supply of Ether.

Strategic Ether accumulation and staking goals

BitMine’s president Tom Lee said the milestone proves the strength of their strategy. CEO Jonathan Bates added that the focus is on boosting ETH-per-share metrics through staking income, treasury management, and financial market activity.

The company’s approach to Ether is “asset-light,” combining internal cash flow with external capital to expand holdings while retaining balance sheet flexibility.

BitMine options listed on NYSE Options Market

In a separate release, BitMine confirmed that its Nasdaq-listed shares are now accompanied by options trading on the NYSE Options Market under the symbol BMNR.

This development provides institutional and retail investors more flexibility in expressing their outlook on BitMine’s aggressive Ether growth strategy.

Institutional demand for Ether accelerates

Bloomberg ETF analyst Eric Balchunas noted Thursday that BlackRock’s iShares Ethereum Trust (ETHA) crossed $10 billion in AUM just one year after launch.

ETHA doubled its assets from $5 billion to $10 billion in just 10 days, ranking as the third-fastest ETF to hit this level, following BlackRock’s IBIT and Fidelity’s FBTC.

Ether’s growing appeal as a strategic asset

BitMine’s aggressive accumulation reflects the rising institutional confidence in Ether. The company’s plan to stake ETH for passive yield and its creative financing tactics further reinforce ETH’s position as a treasury-grade crypto asset.

BitMine stock jumps on ETH strategy announcement

BitMine’s stock (BMNR) surged 15.7% intraday Thursday to $45.70, later settling at $42.64—a 7.9% daily gain.

This momentum extends a weeks-long rally driven by the company’s accelerated Ether strategy and transparent treasury disclosures.

Why Ether remains a core institutional play

With BlackRock, Fidelity, and BitMine all betting big on Ether, its role in institutional portfolios is becoming harder to ignore.

As staking becomes more mainstream and regulatory clarity improves, ETH’s use as a yield-generating and long-term store-of-value asset is solidifying.