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Bitmine's Ethereum Holdings Reach $3 Billion, Largest Holder Status Confirmed
ByAinvest
Thursday, Aug 7, 2025 10:30 am ET1min read
Bitmine Immersion Technologies (BMNR) surged 15.53% to $38.47, becoming the largest Ethereum holder with a total of 833,137 coins. The acquisition forms part of the company's ETH treasury strategy and ranks it third largest crypto treasury globally. Ethereum prices rose 1.6% to $3,669. BMNR Chairman Thomas Lee praised the company's lightning-fast pursuit of the "alchemy of 5% ETH."
Bitmine Immersion Technologies (BMNR) saw a significant surge in its stock price, rising 15.53% to $38.47 per share, following the announcement of its latest acquisition. The company has become the largest Ethereum (ETH) holder, with a total of 833,137 coins valued at over $2.9 billion. This acquisition is part of BMNR's broader ETH treasury strategy, which aims to secure a substantial portion of Ethereum's total supply.The acquisition has positioned BMNR as the third-largest corporate crypto treasury globally, trailing only MicroStrategy and Marathon Digital (MARA). The company's aggressive treasury strategy, launched on June 30 and finalized on July 8, has reshaped the corporate crypto landscape. BMNR's Chairman, Thomas Lee, praised the company's "lightning-fast pursuit of the 'alchemy of 5% ETH'" [3].
The acquisition has also boosted BMNR's liquidity, with the stock now trading an average of $1.6 billion daily, ranking 42nd among all U.S.-listed equities. The company's rapid accumulation of ETH has made it the largest corporate Ethereum holder, ahead of other companies like Cosmos Health, SharpLink Gaming, and The Ether Machine [2].
In a broader market context, the total ETH treasury across 65 companies now exceeds 3.04 million ETH, valued at over $11.09 billion. Ethereum prices have risen 1.6% to $3,669, with derivatives market data showing increased open interest in ETH futures. This surge in investor interest highlights the growing appeal of companies adopting Ethereum treasury strategies.
References:
[1] https://www.ainvest.com/news/bitmine-immersion-technologies-acquires-3-billion-ethereum-coins-stocks-jump-6-97-2508/
[2] https://www.ainvest.com/news/ethereum-news-today-cosmos-health-stock-jumps-30-300m-ethereum-treasury-funding-2508/
[3] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=bitmine-becomes-worlds-largest-eth-treasury-with-2-9-billion-in-holdings
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