What is the difference between BitMine Immersion and Forum Markets (formerly ETHZilla)?

BitMine Immersion and Forum Markets (formerly ETHZilla) hold different amounts of Bitcoin in their treasuries. BitMine Immersion holds more BTC. Compare their total holdings, valuation, and treasury strategies.

Which entity holds more Bitcoin: BitMine Immersion or Forum Markets (formerly ETHZilla)?

BitMine Immersion holds more Bitcoin in their treasury with approximately 198 BTC compared to Forum Markets (formerly ETHZilla) with 0 BTC. Compare their treasury values and investment strategies.

Compare treasury holdings of BitMine Immersion and Forum Markets (formerly ETHZilla)

Institutional crypto holdings — total value and allocation side by side.

Treasury A

Treasury B

	BitMine Immersion	Forum Markets (formerly ETHZilla)
Total holdings	$14.16B	$163.14M
Type	Company	Company
Assets held	2 assets	1 assets

Holdings overview

BTC exposure and entity metadata.

	BitMine Immersion	Forum Markets (formerly ETHZilla)
Bitcoin holdings	198.00 BTC	0.00 BTC
Country	US	US
Recorded transactions	20	7

View BitMine Immersion View Forum Markets (formerly ETHZilla)

Portfolio breakdown

Holdings amounts, values, and allocation percentages in one view.

Asset	BitMine Immersion	Forum Markets (formerly ETHZilla)
Ethereum ETH	6,051,933.00 $14.14B · 99.9%	69,802.00 $163.14M · 100.0%
Bitcoin BTC	198.00 $15.97M · 0.1%	—

Amount, USD value, and portfolio weight per asset.

Recent transactions

Latest buys, sells, and balance changes — same layout as treasury detail pages.

BitMine Immersion

Date	Asset	Type	Amount	Value (USD)	Source
2026-10-26	Ethereum	BUY	10,452.0000	$0	Source
2026-10-19	Ethereum	BUY	12,575.0000	$0	Source
2026-10-12	Ethereum	BUY	12,501.0000	$0	Source
2026-10-05	Ethereum	BUY	15,112.0000	$0	Source
2026-09-28	Ethereum	BUY	17,362.0000	$0	Source
2026-09-21	Ethereum	BUY	27,562.0000	$0	Source
2026-09-14	Ethereum	BUY	27,180.0000	$0	Source
2026-09-08	Ethereum	BUY	28,086.0000	$0	Source

Forum Markets (formerly ETHZilla)

Date	Asset	Type	Amount	Value (USD)	Source
2025-12-22	Ethereum	SELL	-24,291.0000	$0	Source
2025-10-27	Ethereum	SELL	-8,296.0000	$40,000,000	Source
2025-09-22	Ethereum	BUY	18.0000	$71,077	Source
2025-09-08	Ethereum	BUY	9.0000	$35,538	Source
2025-08-25	Ethereum	BUY	7,562.0000	$34,264,502	Source
2025-08-18	Ethereum	BUY	12,489.0000	$56,582,517	Source
2025-08-12	Ethereum	BUY	82,186.0000	$312,858,268	Source

Frequently asked questions

Answers about these treasuries and how holdings are calculated.

What is BitMine Immersion?

BitMine Immersion is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

What is Forum Markets (formerly ETHZilla)?

Forum Markets (formerly ETHZilla) is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

Why do companies hold Bitcoin in treasury?

Companies hold Bitcoin for various reasons: as a hedge against inflation, to diversify treasury reserves, for potential appreciation, or as part of their business strategy.

How are treasury holdings tracked?

Treasury holdings are tracked through public disclosures, SEC filings, press releases, and blockchain analytics. Public companies must disclose material holdings.

How is total holdings value calculated?

Total holdings value is calculated by multiplying the amount of cryptocurrency held by its current market price. Values update in real-time based on market prices.