Bitmine now holds the world's largest ETH treasury, 1.15M tokens worth $4.96B, up $2B in a week.

Bitmine now holds the world's largest ETH treasury, 1.15M tokens worth $4.96B, up $2B in a week.

BitMine Immersion Technologies (BMNR) has announced a significant milestone in its Ethereum (ETH) treasury strategy, with holdings exceeding 1.15 million tokens, valued at over $4.96 billion. This represents a $2.0 billion increase from the previous week, making BitMine the largest ETH treasury in the world [1].

The company's rapid growth is attributed to its strategic acquisition of ETH tokens and the support of a premier group of institutional investors, including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. BitMine aims to acquire 5% of the total ETH supply, currently valued at over $25 billion [1].

BitMine's stock has also seen increased liquidity, ranking 25th among the most liquid US stocks, with an average daily trading volume of $2.2 billion. This positions the company as a leading player in the crypto treasury sector, competing with firms such as Microstrategy and Mara Blockchain [1].

The company's ETH holdings are now the third-largest crypto treasury globally, behind only Microstrategy and Mara Blockchain. BitMine's strategy involves staking tokens for yield, a practice that has contributed to the recent rally in ETH prices, with the token topping $4,300 over the weekend [2].

References:
[1] https://www.morningstar.com/news/pr-newswire/20250811ny48237/bitmine-immersion-bmnr-eth-holdings-exceed-115-million-tokens-valued-in-excess-of-496-billion-and-largest-eth-treasury-in-world
[2] https://finance.yahoo.com/news/bitmines-eth-holdings-near-5b-132634659.html