BitMine Targets 5% of ETH as Corporate Holdings Hit $9.2B

- BitMine Immersion's crypto and cash holdings reach $9.2 billion. - The company unveils an ambitious plan to acquire 5% of Ethereum's circulating supply. On September 8, 2025, BitMine Immersion (BMNR) announced its cryptocurrency and cash reserves have surpassed $9.2 billion. This milestone, which follows aggressive Ethereum acquisitions throughout August, cements the company's status as the world's largest corporate Ethereum treasury and the second-largest overall crypto treasury. The achievement underscores the company’s long-term objective to control 5% of Ethereum’s circulating supply, a strategy it calls the “alchemy of 5%.” On September 7, 2025, reports from sources including The Block, PR Newswire, and Investing.com detailed the company’s updated reserves. These reserves include 2,069,443 Ether (ETH), 192 Bitcoin (BTC), and $266 million in cash. Based on the cryptocurrency’s prevailing market price, BitMine’s Ethereum holdings alone are worth approximately $8.9 billion. Tom Lee, BitMine’s chairman, highlighted that the company’s concentrated focus on growing its Ethereum treasury is central to its strategic vision. In addition to its direct ETH acquisitions, BitMine launched the “Moonshot” initiative, allocating 1% of its balance sheet to projects designed to enhance and sustain the Ethereum ecosystem. For its first investment, BitMine acquired a $20 million strategic stake in Eightco Holdings (OCTO). According to an official BitMine announcement on September 8, this investment is part of a broader $270 million private investment in public equity (PIPE) deal for Eightco. Eightco intends to designate Worldcoin (WLD) as its primary treasury asset. The corporate strategy arrives amid a surge of institutional interest in Ethereum, which ranges from businesses incorporating crypto assets into their balance sheets to the growing momentum behind Ethereum-based exchange-traded funds (ETFs). However, these moves have also drawn heightened regulatory attention. Sources revealed that Nasdaq recently tightened its oversight measures for entities that primarily use raised capital for cryptocurrency purchases. According to CoinMarketCap on September 8, Ethereum (ETH) traded at $4,364.83 as of 16:08 UTC, and its 24-hour trading volume increased by 1.5%. Meanwhile, Worldcoin (WLD) traded at $1.509, marking a dramatic 43.4% change within the same period.