BitMine Immersion Technologies ("BitMine" or the "Company") a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, announced cryptoBitMine crypto + cash + "moonshots" holdings totalling $13.4 billion.

As of October 5th at 1:00pm ET, the Company's crypto holdings are comprised of 2,830,151 ETH at $4,535 per ETH (Bloomberg), 192 Bitcoin (BTC), $113 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and unencumbered cash of $456 million.

BitMine crypto holdings reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc (MSTR), which owns 640,031 BTC valued at $79 billion. BitMine remains the largest ETH treasury in the world. 

"We spent the past week in Singapore at Token2049 meeting with many leaders in the crypto and blockchain industry. The BitMine team sat down with Ethereum core developers and key ecosystem players and it is clear the community is focused on enabling Wall Street and AI to build the future on Ethereum. We remain confident that the two Supercycle investing narratives remain AI and crypto. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime. These two powerful macro cycles will play out over decades. Since ETH's price is a discount to the future, this bodes well for the token and is the reason BitMine's primary treasury asset is ETH," said Thomas "Tom" Lee of Fundstrat, Chairman of BitMine. "As we mentioned in our August Chairman's message, the power law benefits large holders of ETH, hence, we pursue the 'alchemy of 5%' of ETH."

The GENIUS Act and SEC's Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

"We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years," continued Lee. "Wall Street and AI moving onto the blockchain should lead to a greater transformation of today's financial system. And the majority of this is taking place on Ethereum."