Quick Recap
- BitMine Immersion is raising $20B to expand its Ethereum holdings.
- They’re staking ETH for yield not just holding it.
- Thanks to high trading volume, they can raise funds without shaking the market.
BitMine Immersion Wants a Bigger Piece of Ethereum
Let’s be honest- $ 20 billion is a wild number for any company, let alone make such a straight bet on Crypto. But this is the one who is immersing the bitmine. Bitmine is making significant changes in Fundstrat’s direction of Thomas Lee.
The company, once focused on bitcoin mining, is now going all-in on Ethereum. They’re not just buying ETH, they’re staking it for yield, building a long-term treasury, and aiming to own a seriously massive chunk of the network.
They’ve already authorized $4.5 billion in stock sales (through Cantor Fitzgerald and ThinkEquity), and nearly all of that is gone. Just $723 million remains. So now, they’re pushing for $20 billion more.
Yes, really. And no, this isn’t some startup with wild dreams. They’ve already accumulated $5 billion in ETH.
BitMine Immersion Isn’t Just Buying ETH—They’re Working It
Most companies who hold crypto tend to just… hold it. But BitMine Immersion is doing something smarter. Staking their Ethereum entails locking it into the Ethereum network and receiving compensation for their contributions to its operation.
This is comparable to earning interest on your savings, but specifically for cryptocurrency.
So instead of just sitting on billions in digital tokens, they’re putting it to work.
The more ETH they buy and stake, the more yield they earn. It’s a cycle that could keep growing if Ethereum itself continues gaining value.
That’s what makes this move interesting; it’s not just about “buying low and hoping for the best.” It’s about using ETH to generate more ETH.
BitMine’s Secret Weapon? People Can’t Stop Trading Its Stock
Here’s something you might not expect: BitMine’s stock is one of the most traded in the U.S.
On Monday, it ranked 25th in trading volume, ahead of giants like JP Morgan and Micron. That’s huge.
Why does this matter? Because when your stock trades a lot, you can raise money without tanking your share price. When shares are on sale, investors hardly bat an eye, allowing BitMine to raise billions without any problems.
It’s kind of like having a crowd already waiting to buy what you’re selling.
This high liquidity makes their $20 billion goal seem less crazy. If they keep moving shares without disruption, they really might hit it.
So… Should We Be Paying Attention to BitMine Immersion?
Honestly? Yes.
Whether you’re deep into crypto or just watching from the sidelines, BitMine Immersion is doing something very few public companies are doing—leveraging the stock market to build a massive ETH position.
Here’s the TL;DR:
- They already have $5B in ETH.
- They’re staking it for ongoing returns.
- They want to raise another $20B to expand that even more.
- Their stock trades like crazy, which helps make it all possible.
If they hit their goals, they could end up holding 5% of all ETH in existence.
That’s not a small play. That’s market-shifting.