Former bitcoin mining firm BitMine Immersion Technologies now holds over $10 billion in Ethereum following a major acquisition. The company added 71,252 ETH worth over $152 million last week, bringing its total to 4.8 million ETH. BitMine also announced its approval to uplist from the NYSE American to the New York Stock Exchange, with trading set to begin on April 9.
BitMine Immersion Technologies has significantly increased its Ethereum holdings, according to its latest market update. The company purchased 71,252 ETH for over $152 million in the past week.
This acquisition brings BitMine’s total stash to 4,803,334 ETH. At a price of $2,150, this holding is valued at over $10 billion.
The company’s total assets exceed $11.5 billion across crypto, cash, and venture investments. It also holds 198 BTC and has an $864 million cash reserve.
Its ‘moonshots’ portfolio includes a $200 million stake in Mr Beast’s Beast Industries and a $92 million stake in EightCo Holdings. The figures were stated in a company announcement on social media.
Separately, BitMine received approval to uplist to the New York Stock Exchange. Its common stock will begin trading on the NYSE on April 9 after moving from the NYSE American.
Company Chairman Tom Lee commented on Ethereum’s performance amid geopolitical tensions. “The Iran war enters its 6th week, and this war remains the most important driver of global markets,” he said.
Lee noted that ETH has gained 6.8% since the start of the conflict, outperforming the S&P 500. “Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains,” he added.
