BitMine's NYSE Options Launch Targets 5% Ethereum Supply

- BitMine Immersion launches NYSE options trading. - Strategy targets acquiring 5% of Ethereum's global supply. On July 23, 2025, crypto mining and Ethereum treasury firm BitMine Immersion (BMNR) launched options trading on the New York Stock Exchange. This move signals the company's ambition to acquire 5% of Ethereum’s global supply. On July 23, PR Newswire reported that BitMine has outlined a strategic initiative to solidify its position as one of the largest institutional holders of Ethereum. Investing.com and ChainCatcher also reported on the plan that day. This initiative aligns with the company's ongoing transition into an Ethereum-focused treasury and mining entity. Recent investments have further fueled these developments. On July 23, The Block reported that Cathie Wood’s ARK Invest acquired 4,773,444 shares of BitMine’s common stock for $182 million. FinanceFeeds and Cointelegraph also reported this acquisition. BitMine stated it will allocate $177 million of the transaction’s net proceeds toward its Ethereum acquisition strategy. In addition, Peter Thiel’s Founders Fund holds a 9.1% stake in the company, reinforcing BitMine's ties to prominent players in the crypto and financial industries. These moves reflect an accelerating trend of corporate Ethereum adoption, and as a result, BitMine’s activities are gaining attention from both traditional finance and the blockchain ecosystem. According to CoinMarketCap on July 23, Ethereum (ETH) traded at $3,601.41 as of 19:16 UTC, while its 24-hour trading volume decreased by 3.191%.