BitMine Immersion (BMNR), a crypto treasury company led by well-known investor Tom Lee, has just revealed it holds over $10.7 billion in digital assets. The biggest chunk of that is more than 2.1 million Ethereum (ETH), valued at around $9.7 billion based on current market prices.

In addition to Ethereum, BitMine also owns 192 Bitcoin (BTC), worth over $22 million right now. The company also has $569 million in cash that isn’t tied up, giving it extra flexibility for future investments.

One of BitMine’s more unique investments is a $214 million stake in Eightco Holdings (ORBS), a company focused on big bets—referred to as “moonshots”—within the Ethereum ecosystem. This investment supports innovation in blockchain and crypto technology.

Eightco Holdings recently announced plans to raise $270 million to back a new treasury strategy focused on Worldcoin (WLD), a cryptocurrency built on the Ethereum network and backed by Sam Altman, the CEO of OpenAI.

Tom Lee commented on BitMine’s massive Ethereum position, saying, “BitMine now holds nearly $11 billion in crypto, including over 2 million ETH.” He believes Ethereum is a long-term investment opportunity with major growth potential over the next 10 to 15 years. Lee expects that as artificial intelligence and traditional finance move onto blockchain platforms, Ethereum will play a central role in transforming the financial system.

BitMine currently holds the largest Ethereum treasury in the world.

Lee has previously said that Ethereum could enter a strong bull run thanks to solid fundamentals and increased adoption, especially if new laws like the GENIUS Act are passed. This act aims to regulate and support stablecoins, which could boost confidence and usage in the wider crypto market.

He believes big institutions and financial companies will eventually use Ethereum’s smart contract technology to tokenize all kinds of assets—stocks, real estate, bonds—which could lead to massive demand for ETH.

As of now, ETH is trading at about $4,488, down 2.3% in the last 24 hours. Bitcoin sits at around $114,769, slightly down. Worldcoin (WLD) is priced at $1.49, showing a drop of 7.3% for the day.