BitMine Immersion Boosts Ethereum Holdings to $8.15 Billion, Solidifying Its Status as Largest Corporate ETH Holder.
ByAinvest
Tuesday, Sep 2, 2025 4:39 pm ET1min read
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The acquisition brings BitMine's total ETH holdings to 1,866,974, valued at nearly $8.15 billion [2]. This substantial increase reflects BitMine's commitment to Ethereum as a core asset for decentralized finance (DeFi), Web3 tools, and smart contracts [1].
The move is part of BitMine's broader strategy to own 5% of all Ethereum in the world, as indicated by its chairman, Tom Lee [1]. Lee has expressed optimism about Ethereum's potential, citing increased interest from big investors and financial institutions moving toward blockchain technology [1].
BitMine's aggressive ETH acquisition strategy has been supported by its At-the-Market (ATM) equity program, which has generated hundreds of millions of dollars in net proceeds since launching its ETH-focused treasury strategy in June 2025 [3]. The company has also benefited from staking rewards, earning 2,318 ETH since June [3].
The latest acquisition comes as Ethereum treasuries are gaining significant traction, with companies like Yunfeng Financial Group and The Ether Machine also increasing their ETH holdings [1]. This trend reflects a growing acceptance of Ethereum in traditional finance and business management, potentially influencing regulatory views and encouraging more companies to adopt cryptocurrencies.
BitMine's leadership in the corporate ETH treasury space highlights the increasing importance of digital assets in corporate financial strategy. As Ethereum continues to grow and innovate, more companies may follow BitMine's lead, integrating ETH into their treasury and investment strategies.
References:
[1] https://cointelegraph.com/news/bitmine-holds-1-86m-eth-1-5-of-all-ether
[2] https://thecoinrise.com/bitmine-immersion-adds-153075-ethereum-to-reserve/
[3] https://cryptonews.com/news/sharplink-gaming-inc-eth-holdings-top-36b/
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BitMine Immersion, a finance expert with experience at Bloomberg, has acquired 153,075 Ethereum (ETH) worth approximately $668 million, pushing the company ahead of MARA in crypto reserves. This move solidifies BitMine's status as the largest corporate holder of ETH worldwide, reflecting its commitment to Ethereum as a core asset for decentralized finance and Web3 tools.
BitMine Immersion Technologies, a publicly traded Bitcoin mining company, has significantly bolstered its Ethereum (ETH) holdings by acquiring an additional 153,075 ETH worth approximately $668 million. This strategic move positions BitMine as the world's largest corporate holder of ETH, surpassing MARA in crypto reserves [2].The acquisition brings BitMine's total ETH holdings to 1,866,974, valued at nearly $8.15 billion [2]. This substantial increase reflects BitMine's commitment to Ethereum as a core asset for decentralized finance (DeFi), Web3 tools, and smart contracts [1].
The move is part of BitMine's broader strategy to own 5% of all Ethereum in the world, as indicated by its chairman, Tom Lee [1]. Lee has expressed optimism about Ethereum's potential, citing increased interest from big investors and financial institutions moving toward blockchain technology [1].
BitMine's aggressive ETH acquisition strategy has been supported by its At-the-Market (ATM) equity program, which has generated hundreds of millions of dollars in net proceeds since launching its ETH-focused treasury strategy in June 2025 [3]. The company has also benefited from staking rewards, earning 2,318 ETH since June [3].
The latest acquisition comes as Ethereum treasuries are gaining significant traction, with companies like Yunfeng Financial Group and The Ether Machine also increasing their ETH holdings [1]. This trend reflects a growing acceptance of Ethereum in traditional finance and business management, potentially influencing regulatory views and encouraging more companies to adopt cryptocurrencies.
BitMine's leadership in the corporate ETH treasury space highlights the increasing importance of digital assets in corporate financial strategy. As Ethereum continues to grow and innovate, more companies may follow BitMine's lead, integrating ETH into their treasury and investment strategies.
References:
[1] https://cointelegraph.com/news/bitmine-holds-1-86m-eth-1-5-of-all-ether
[2] https://thecoinrise.com/bitmine-immersion-adds-153075-ethereum-to-reserve/
[3] https://cryptonews.com/news/sharplink-gaming-inc-eth-holdings-top-36b/
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