Connect with us

Bitcoin

BitMine Immersion Boosts Ethereum to 2.65 Million Tokens

Published

on

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 Holdings2.65M 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.

Bitcoin

Terra LUNA Classic

Published

on

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.

Continue Reading

DeFi

Bitcoin1 day ago

Terra LUNA Classic

Terra Classic Achieves Major Milestone with Successful Cosmos SDK 0.53 Upgrade – Full Recovery and Modern Integration After Four Years...

DeFi3 days ago

DBS Bank Singapore Expands Tokenized Deposit Program

DBS Bank, Singapore’s largest bank, has significantly scaled its tokenized deposit program, now serving 50 corporate clients as of April...

DeFi3 days ago

Hong Kong SFC Approves First Tokenized Green Bond Issuance

Hong Kong continues to strengthen its position as a leading digital asset hub in Asia with two major developments announced...

Bitcoin3 days ago

Japan Pension Giant GPIF Allocates First ¥180 Billion to Crypto Index Funds

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with over ¥200 trillion ($1.3+ trillion) in assets under...

Bitcoin4 days ago

Terra Classic Community Passes Major Upgrade Proposal

The Terra Classic community has successfully voted to approve Proposal v14_1, a significant network upgrade for the blockchain that powers...

Bitcoin4 days ago

Paris Blockchain Week 2026: A Powerful Bridge Between TradFi and Digital Assets

Paris Blockchain Week (PBW) 2026, the premier institutional event for blockchain and digital assets in Europe, successfully concluded its two...

Bitcoin4 days ago

South Korea’s Naver Launches Crypto Wallet Inside Popular Messaging App

Naver, South Korea’s leading internet conglomerate, has launched a built-in crypto wallet directly inside its popular messaging and super-app ecosystem,...

Bitcoin4 days ago

Japan’s Mitsubishi UFJ Trust Launches Tokenized Securities Platform for Domestic Issuers

Mitsubishi UFJ Trust and Banking Corporation (MUTB), the trust banking arm of Japan’s largest financial group MUFG, has officially launched...

Bitcoin4 days ago

Sri Lanka Central Bank Integrates Crypto Payments for Tourism Sector

The Central Bank of Sri Lanka (CBSL) has taken a significant step toward modernizing the country’s tourism industry by integrating...

Bitcoin4 days ago

Bangladesh Bank Approves P2P Crypto Trading Under New Sandbox Rules

The Bangladesh Bank has officially approved peer-to-peer (P2P) cryptocurrency trading under its newly established regulatory sandbox framework, marking a significant...

Advertisement

Trending