BitMine (BMNR) Assets Rise Above $14B

BitMine Immersion Technologies (BMNR), the Ethereum-centric digital asset treasury firm led by Fundstrat’s Thomas Lee, said it bought 77,055 ether ETH$4,216.99 over the past week, a purchase worth roughly $320 million at Monday’s prices.

BitMine’s stock was 4.5% higher in the Monday session alongside about a 5% advance in ETH to above $4,100 over the weekend.

The acquisition pushes the company’s stack to over 3.31 million ETH, about 2.8% of the total ETH supply. Overall holdings climbed to $14.2 billion in combined crypto assets including a small bitcoin BTC$114,137.72 stash, equity stake in WLD$0.9499 treasury firm Eightco (ORBS) and cash, making it the largest known corporate ETH holder and second-largest crypto treasury overall behind Strategy (MSTR).

Thomas Lee said the purchase comes amid signs of stabilization in crypto markets following a sharp deleveraging event earlier this month. Lee cited improving U.S.–China trade talks and historically favorable conditions for crypto during equity rallies as drivers behind the move.