Bitmine Immersion Sees Crypto Holdings Reach $11 Billion Amid Geopolitical Turmoil

Bitmine Immersion Technologies has seen significant growth in its holdings, reaching $11 billion in combined crypto and cash assets. This increase is largely attributed to the company's Ethereum treasury strategy, which was launched in June 2025.

The strategy has been successful, with Bitmine now holding 4,660,903 ETH, representing 3.86% of ETH's total circulating supply of 120.7 million. This makes it one of the largest corporate Ethereum holders worldwide.

Chairman Thomas Lee believes that ETH's performance during the U.S.-Iran conflict demonstrates its resilience as a 'wartime store of value'. He notes that ETH has risen 18% since the conflict commenced, outperforming equities and traditional safe-haven assets like gold, which have fallen by more than 15%.