BitMine Immersion ($BMNR) has accumulated 833,137 ETH worth $2.9B in just 35 days, making it the largest Ethereum treasury globally and the 3rd largest overall crypto treasury after $MSTR and $MARA.
The company’s “alchemy of 5%” strategy targets owning 5% of all ETH in circulation, with holdings already representing ~14% of that goal. Backed by high-profile investors including Bill Miller III, Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.
$BMNR is now one of the most liquid US stocks, averaging $1.6B in daily trading volume (42nd among all US-listed stocks). Plans to stake ETH could generate ~$87M in annual yield at current prices.
