Bitcoin
BitMine Immersion Boosts Ethereum to 2.65 Million Tokens
BitMine Immersion Technologies just made a massive move, announcing on September 29, 2025, that it now holds over 2.65 million Ethereum (ETH) tokens, worth more than $11 billion. With total reserves, including cash and other cryptos, topping $11.6 billion, BitMine is flexing its muscle as a major player in the crypto treasury race. This isn’t just about stacking coins—it’s a strategic bet on Ethereum’s future as miners and institutions go all-in on ETH. But is this a genius play or a risky gamble?
BitMine’s Big Bet: From Mining to Mega-Holder
BitMine, a Nasdaq-listed firm known for its high-efficiency immersion cooling tech, has been quietly amassing ETH. Its latest $961 million buy pushes its Ethereum stash to over 2% of the total supply, making it one of the largest non-exchange holders. The company isn’t just mining ETH with its 30% more efficient rigs—it’s buying big to build a fortress-like balance sheet.
Former CEO Zach Bradford, who stepped down last month with co-founder Matt Schultz taking over, called this a “long-term conviction in Ethereum’s deflationary design and DeFi dominance.” BitMine’s strategy blends mined rewards with strategic purchases, positioning it as a leader among miners diversifying beyond Bitcoin after the 2024 halving.
| BitMine’s Treasury Snapshot (Sep 29, 2025) | Value |
|---|---|
| ETH Holdings | 2.65M tokens (~$10.6B) |
| Other Crypto Assets | ~$800M (BTC, stablecoins) |
| Cash & Equivalents | $200M+ |
| Total Reserves | $11.6B |
| % of Circulating ETH Supply | >2% |
BitMine’s holdings outshine competitors like Marathon Digital, which hold far less ETH, marking a shift toward Ethereum as a corporate asset.
Why Now? Ethereum’s Moment in the Spotlight
This move comes at a hot time for ETH. Ethereum spot ETFs, launched in May 2025, have pulled in billions, with major funds adding 500K ETH in a single week. Other miners are following suit, with some raising funds to boost their ETH reserves. Analysts are bullish, predicting ETH could hit $6,000 by year-end, fueled by staking yields (around 4.5% annually) and upcoming network upgrades that expand capacity.
Globally, Ethereum’s proof-of-stake model makes it easier for U.S. firms like BitMine to secure the network without massive energy use, especially as tensions over foreign mining grow. Social media is buzzing, with some calling BitMine “the MicroStrategy of ETH” for its bold treasury strategy. But there’s a catch: ETH’s price has dipped 20% from summer highs, and regulators might raise eyebrows if corporate holdings get too big.
What It Means for Investors
For everyday traders, BitMine’s move is a signal:
- Stock Opportunity: BitMine’s shares (BMNR) jumped 8% after the news, trading at a premium. Look for dips around $45 to enter.
- ETH Exposure: ETFs or staked ETH offer easy ways to ride the wave, while miners like BitMine give leveraged upside.
- Stay Balanced: With corporate crypto treasuries hitting $50B, mix ETH with Bitcoin or stocks to hedge volatility.
The Takeaway: Ethereum’s Corporate Era Begins
BitMine’s 2.65 million ETH stash isn’t just a flex—it’s a sign Ethereum is becoming a must-have for companies. With Fed rate cuts boosting crypto and Ethereum’s tech upgrades rolling out, BitMine is leading a charge that could redefine corporate treasuries. Risky? Sure. But in a world where miners are becoming vault-keepers, this $11.6 billion bet says Ethereum’s here to stay.
Disclaimer
The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.
The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.
Bitcoin
Terra LUNA Classic

Terra Classic Achieves Major Milestone with Successful Cosmos SDK 0.53 Upgrade – Full Recovery and Modern Integration After Four Years
The Terra Classic community is celebrating a significant victory. On April 17–18, 2026, the network successfully completed its long-awaited upgrade to Cosmos SDK 0.53, marking one of the most important technical achievements in the project’s history.
Validators across the globe confirmed the smooth activation of terrad v4.0.0 and the dedicated v14_1 upgrade handler. The upgrade has now brought Terra Classic fully in line with the latest standards of the broader Cosmos ecosystem.
In a heartfelt message shared on X, prominent community voice Mr. Diamondhandz1 (@MrDiamondhandz1) congratulated all validators:
“Good morning $LUNC community and congratulations to all the validators on the successful SDK 53 upgrade yesterday. Next up the market module 2.0. Keep building for Terra Luna Classic! “LUNC”
The post captured the optimistic mood perfectly — relief, pride, and excitement for what lies ahead.
A Long Journey of Resilience
It has been nearly four years since the dramatic events of May 2022 that shook the original Terra ecosystem. Many outside observers had written off LUNC and USTC as relics of the past. Yet the dedicated community refused to let the chain fade away.
Through persistent burns, governance proposals, validator commitment, and steady development work, Terra Classic has not only survived — it is now actively modernizing and reintegrating with the wider Cosmos family of blockchains. The successful SDK 0.53 upgrade is powerful proof that the recovery is real and accelerating.
This update delivers:
- Improved performance and network efficiency
- Enhanced security and stability
- Better compatibility with modern Cosmos tools and infrastructure
- A stronger foundation for future features and developer activity
In simple terms, Terra Classic just gave its blockchain a major “software refresh” that brings it up to current industry standards. The chain is now more robust, future-proof, and attractive to builders who want to create new applications on LUNC and USTC.
Community and Validator Strength on Full Display
The upgrade process showcased the maturity the community has built over the past four years. Validators coordinated flawlessly, with many reporting stable block production shortly after the planned chain halt. Multiple teams, including BiNodes, publicly confirmed they are now running on the new version and have even released updated developer tools (such as a new Python SDK) to make building on Terra Classic easier than ever.
Community sentiment across X has been overwhelmingly positive. Posts describe the moment as “the rebirth has officially begun,” “exciting times ahead,” and “a true era of independence.” Developers and data analysts are now being actively invited back to the chain, with new tools like open APIs making on-chain data more accessible.
Looking Forward: Momentum Is Building
The successful SDK 0.53 upgrade is not the finish line — it is the starting point for the next phase of growth. The community has already set its sights on Market Module 2.0, the next major improvement on the roadmap.
With the technical foundation now modernized and fully aligned with the Cosmos ecosystem, Terra Classic is better positioned than ever to:
- Attract new developers and dApps
- Improve utility for LUNC and USTC holders
- Explore meaningful partnerships and integrations
- Continue the important work of burns and ecosystem rebuilding
After four long years of resilience, the LUNC community has shown what dedication and patience can achieve. The chain is no longer just surviving — it is evolving, modernizing, and preparing for a stronger future.
A New Chapter for Terra Classic
This upgrade is more than a technical success. It is a powerful symbol of recovery and renewal. The Terra Classic that exists today is more stable, more secure, and more connected to the broader blockchain world than it has been in years.
The community’s unwavering belief has turned a challenging chapter into one of the most inspiring comeback stories in crypto. As one validator put it recently: “Many have left, but the stupid tax has remained… It really is time to address the TAX Elephant and bring back some on-chain volume.”
With the SDK 0.53 upgrade complete and the next steps already in motion, the future for LUNC and USTC looks brighter than it has in a very long time.
Keep building, keep holding, and stay positive — Terra Classic is back on track and moving forward with real momentum.
The best days for LUNC are still ahead.
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