BitMine Immersion Boosts ETH Hoard to 3.03M as Turmoil Sparks $839M Play

• BitMine Immersion now holds 3.03 million ETH, valued at $12.6 billion.
• Recent $839 million purchase coincided with crypto market panic.

On October 13, 2025, The Block reported that BitMine Immersion, chaired by Tom Lee, strategically expanded its Ethereum holdings to 3.03 million tokens during a record-breaking $20 billion crypto market liquidation — boosting its position as the top Ethereum treasury holder. The milestone follows the company’s recent acquisition of 202,037 ETH, worth around $839 million at current market prices, during a significant market dip.

This acquisition occurred amidst broader market turbulence driven by panic linked to a U.S.-China trade war. The crypto market recently saw liquidations exceeding $20 billion, marking a historic period of volatility. Despite this, BitMine leveraged the situation to enhance its Ethereum portfolio significantly.

BitMine Immersion’s stated goal is to control 5% of Ethereum’s circulating supply. With its current holdings, the company now possesses approximately 2.5% of Ethereum’s total supply. This positions the firm as a dominant player in the Ethereum market and underscores its long-term strategic ambitions.

In addition to being the largest Ethereum treasury holder, BitMine Immersion ranks as the second-largest public cryptocurrency treasury company overall. It is second only to Strategy, which holds a significant volume of Bitcoin. The company continues to attract institutional backing, with support from Ark Invest, Founders Fund, Pantera, and Galaxy Digital.

As of October 13, 2025, 15:11 UTC, Ethereum (ETH) is trading at $4,117.245, with a 2.32% increase in 24-hour trading volume, according to CoinMarketCap.