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BitMine Immersion Technologies Holds $11.2B in Crypto Assets, 3% of Ethereum Supply

BitMine Immersion Technologies disclosed total crypto assets, cash, and prospective investments valued at $11.2 billion as of 7:30 p.m. ET on Nov. 23, according to an official announcement. The company's portfolio comprises 3,629,701 ETH, 192 BTC, $38 million in Eightco Holdings equity, and $800 million in unencumbered cash. Chairman Thomas "Tom" Lee said the firm added 69,822 ETH over the past week, bringing its Ethereum holdings to 3% of the network's total supply. Lee noted a U.S.-manufactured validator network scheduled for early 2026 deployment will serve as a benchmark solution for secure staking infrastructure.
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