Ethereum News Today: BitMine Boosts Ethereum Holdings to 833,137 ETH as Treasury Surpasses $3 Billion

BitMine Immersion Technologies, chaired by Fundstrat’s Tom Lee, has acquired an additional 208,137 ETH, bringing its total Ethereum holdings to 833,137 ETH, valued at over $3 billion [1]. This latest accumulation cements BitMine’s position as the largest corporate Ethereum holder and places it fourth among global crypto treasuries overall [1]. The move comes just one month after the firm announced its aggressive strategy to build a treasury with 5% of Ethereum’s total supply, a goal that has seen rapid progress [1].

The purchase was disclosed on August 5, 2025, during a period of significant Ethereum price movement. The asset rose 5.8% to $3,730 before settling at $3,654 [1]. BitMine’s rapid accumulation strategy has outpaced competitors like SharpLink Gaming, which holds 438,200 ETH worth $1.61 billion, and The Ether Machine, which added $40 million worth of ETH on the same day [1]. The Ethereum Foundation and PulseChain SAC also rank among the top five, with holdings of 232,600 ETH and 166,300 ETH, respectively [1].

BitMine’s momentum is supported by high-profile investors, including billionaire Bill Miller III, macro strategist Stanley Druckenmiller, and ARK Invest’s Cathie Wood, all of whom advocate for long-term crypto exposure [1]. The firm has also launched a $1 billion stock buyback program, coinciding with its Ethereum holdings surpassing 625,000 ETH in value [1]. Lee has described the buyback as a strategic move to optimize capital allocation on the path to acquiring 5% of Ethereum’s supply.

In an interview with CNBC, Lee expressed optimism about Ethereum’s performance in August, citing weak labor data and potential shifts in U.S. monetary policy [1]. He suggested that easing Federal Reserve conditions could boost both equities and crypto, potentially pushing the S&P 500 to new highs and benefiting Ether [1]. BitMine’s shares have surged over 3,000% since early July, driven by its aggressive accumulation strategy and increased market visibility following the launch of stock options on the NYSE [1].

BitMine’s actions reflect growing institutional confidence in Ethereum, which has outperformed many major cryptocurrencies in recent weeks [1]. As the firm continues to expand its holdings and influence, it is shaping the landscape of corporate crypto treasury strategies, emphasizing both speed and scale in its pursuit of a dominant market position [1].

Source: [1] Tom Lee’s BitMine Adds Another 208K ETH, Treasury Tops $3B as Ethereum Surges (https://cryptonews.com/news/bitmine-adds-another-208k-eth-treasury-tops-3b/)