BitMine Immersion Technologies announced that its holdings of Ethereum (ETH) now exceed $500 million. This milestone was reached just three days after the company closed its initial $250 million private placement.
As of July 14, 2025, at 7:45 a.m. ET, the company's ETH holdings totaled 163,142 tokens. These holdings were valued at an average price of $3,072.67 per ETH, demonstrating rapid accumulation.
This amount represents more than double the initial $250 million proceeds from the private placement. The rapid growth validates BitMine's mission to increase its stake in the Ethereum network and advance its Ethereum treasury strategy.
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