BitMine Immersion (BMNR) has disclosed its total crypto and cash holdings amount to $11.8 billion, with approximately 3.5599 million ETH, representing 2.9% of the circulating supply. Company Chairman Tom Lee noted that the current market weakness may be linked to limited liquidity among market makers, but he expects the cycle's peak to occur in 12 to 36 months. BitMine highlighted that the Ethereum Fusaka upgrade, stablecoin growth, and asset tokenization will drive long-term fundamental development.