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BitMine Immersion added 317,000 ETH in a week, worth $1.3B.
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The company now holds 1.15M ETH, valued at $4.9B.
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It is the largest corporate Ethereum treasury globally.
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Chairman Tom Lee says ETH could hit $30K.
Rapid ETH Accumulation
BitMine Immersion (BMNR), an NYSE-listed Ethereum treasury and staking firm, now holds over 1.15M ETH after buying 317,000 tokens in the past week. The holdings are worth nearly $4.9B, cementing BitMine as the largest corporate ETH holder.
A Growing Trend in Corporate ETH
Corporate Ethereum treasuries have topped $10B across major firms like SharpLink Gaming and Bit Digital. BitMine’s strategy focuses on staking and long-term ETH accumulation.
Bullish Market Outlook
Chairman Tom Lee said Ethereum may be entering a “2017 Bitcoin moment,” driven by stablecoin regulation, SEC openness to onchain finance, and major companies building on Ethereum. He predicts ETH could rise from $3,700 to $30,000 if momentum continues.
Market Reaction
ETH trades around $4,189, still below its all-time high. BitMine’s stock jumped 9% after the announcement and is up over 600% since January.
