BitMine  (NYSE AMERICAN: BMNR) Reveals $11.8B Crypto Treasury With 3.56M ETH, 192 BTC And $607M Cash

Today, BitMine Immersion Technologies  (NYSE AMERICAN: BMNR), a Bitcoin and Ethereum Network Company that focuses on building up cryptocurrency for long-term investment, revealed its $11.8 billion in BitMine crypto + cash + “moonshots” holdings.

BMNR is trading at $33.08, down by almost 4% in a day. The global market cap is at $9.64 billion on the New York Stock Exchange.

The company’s asset

The company’s cryptocurrency assets as of November 16 include 3,559,879 ETH at $3,120 per ETH, 192 Bitcoin (BTC), a $37 million interest in Eightco assets (“moonshots”), and $607 million in unencumbered cash.

“Crypto prices have not recovered since the liquidation event on Oct 10th. And the lingering weakness has the hallmarks of a market maker (or two) suffering from a crippled balance sheet,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine. 

“When a market maker has a ‘hole’ on their balance sheet, they are seeking to raise capital and are reducing their liquidity functions in the market. This is the equivalent of QT (quantitative tightening) for crypto and has the effect of dampening prices. In 2022, this QT effect lasted for 6-8 weeks. And this is probably happening today.”

After Strategy Inc., which has 649,870 BTC worth $61 billion, BitMine’s cryptocurrency holdings are the top Ethereum treasury and the second-largest worldwide treasury.  The world’s largest ETH treasury is still BitMine.

Also Read: BitMine Now Holds the World’s Largest ETH Treasury Valued at About $4.96B, After Recent 317K ETH Addition

Crypto prices

Thomas also commented on the crypto market condition. He noted, “But we do not believe crypto prices have peaked for this ‘cycle’ and this is covered in our November Chairman’s message,” continued Thomas. 

“We look at five explanations for the crypto price cycle and conclude that two have important explanatory value. Both of these suggest a crypto cycle top likely 12-36 months away. Yes. This is a break from past cycle behaviour.”

At $92,971.17, Bitcoin reached levels of extreme concern not seen since the bottom of the 2022 bear market.  In a single day, traders lost $617.45 million in liquidations as expectations for rate reductions plummeted.

The regulations font

This 1971 incident served as the impetus for Wall Street’s modernisation, giving rise to today’s financial and payment railroads as well as the famous Wall Street giants.  These turned out to be more profitable investments than gold, they noted.

One of the most popular stocks in the US right now is BitMine.  As of November 14, 2025, the stock ranked #48 in the US, behind AbbVie Inc. and ahead of DoorDash Inc. out of 5,704 US-listed equities, with an average daily dollar volume of $1.4 billion (5-day average), according to statistics from Fundstrat.

Also Read: BitMine Boosts Ethereum ($ETH) Reserves With $600M Purchase Amid Market Unease, Total Holdings Value Reaches $5.77B