BitMine Targets 5% of Ethereum’s Supply with $9.2B Treasury

• BitMine Immersion’s crypto and cash reserves surge to $9.2 billion.
• Ethereum treasury reaches 2.069 million ETH, aiming for 5% of total supply.

On September 8, 2025, PR Newswire reported that BitMine Immersion (BMNR) surpassed $9.2 billion in crypto and cash reserves, solidifying its position as the largest corporate holder of Ethereum (ETH) with a record 2.069 million ETH.

Under its ambitious "alchemy of 5%" initiative, BitMine aims to acquire 5% of Ethereum’s circulating supply, or roughly 6.3 million ETH. Recent purchases of over 319,000 ETH mark significant progress toward this goal. Chairman Tom Lee highlighted Ethereum’s pivotal role in future financial systems, referencing the emergence of blockchain-driven Wall Street frameworks and AI-powered token economies as key trends fueling an Ethereum supercycle.

The company also unveiled a $20 million investment in Eightco Holdings (OCTO) as part of a larger $270 million private placement. This funding will help Eightco establish the first corporate treasury to feature Worldcoin (WLD) as its primary reserve asset. BitMine sees Eightco’s focus on Worldcoin’s AI-based identity verification technology, known as "Proof of Human," as a crucial step in driving Ethereum’s long-term ecosystem expansion within a growing digital economy.

This announcement aligns with increasing institutional interest in Ethereum, demonstrated by the rise of ETH-backed exchange-traded funds and corporate treasury programs. BitMine’s leadership views Ethereum as one of the most significant macroeconomic opportunities over the next 10 to 15 years, particularly as blockchain infrastructure intertwines with traditional finance and artificial intelligence.

Nevertheless, BitMine’s crypto-heavy treasury strategy comes amid tightening regulatory scrutiny. Nasdaq has escalated oversight of firms leveraging digital assets for capital-raising, which could lead to stricter listing and disclosure requirements. Such measures underscore the importance of transparency and investor confidence as corporate crypto treasuries gain momentum.

As of September 8, 2025, 16:13 UTC, Ethereum (ETH) is trading at $4,360.87, up 1.46% in 24-hour trading volume, according to CoinMarketCap. Meanwhile, Worldcoin (WLD) stands at $1.51, with a 44.13% increase in trading volume as of 16:12 UTC, reflecting growing interest amid blockchain’s evolving institutional and technological landscape.