Ethereum News Today: BitMine Claims Crown as World’s Largest ETH Treasury, Bulls Ethereum’s Future

BitMine Immersion Technologies (BMNR) has significantly expanded its Ethereum (ETH) holdings over the past week, acquiring approximately 190,000 additional ETH coins. This accumulation brings the company’s total ETH holdings to 1.713 million coins, valued at $4,808 per ETH, according to Bloomberg data. The updated holdings now position BitMine as the largest corporate holder of ETH globally, with its total crypto and cash holdings exceeding $8.8 billion as of August 24, 2025 [1].

The company’s strategy, referred to internally as the “alchemy of 5%,” aims to acquire 5% of the circulating ETH supply. The most recent purchase adds to a growing portfolio of ETH, which has increased from 1.52 million coins to 1.71 million in just one week, marking a $2.2 billion increase in total crypto and cash holdings since last week. BitMine Chairman Thomas Lee emphasized that this accumulation is being supported by institutional investors, including ARK’s Cathie Wood, Founders Fund, and Galaxy Digital, among others [1].

BitMine’s ETH treasury strategy was launched on June 30, 2025, and has since passed several key milestones. The company’s stock has also seen strong performance metrics, with an average daily trading volume of $2.8 billion, placing it among the top 30 most liquid stocks in the U.S. market [1]. This liquidity, combined with the growing ETH portfolio, has drawn significant investor interest, particularly as Ethereum continues to gain traction as a foundational asset in decentralized finance and smart contract ecosystems.

The company’s growth in ETH holdings has not been without challenges. Over the past few weeks, BitMine’s stock price has experienced volatility, declining by 7% on one day alone as ETH prices pulled back from recent record highs [2]. Despite this, Lee remains bullish on Ethereum, stating that Wall Street and AI are increasingly adopting blockchain technologies, and much of this transformation is occurring on the Ethereum network [1].

Institutional confidence in Ethereum is reflected in broader market dynamics. BitMine’s total ETH holdings now represent 1.3% of the total supply, according to Strategic ETH Reserve. Its main competitor, SharpLink Gaming, holds a significantly smaller position of 729,000 ETH valued at $3.2 billion, placing it second in corporate Ethereum holdings [3]. Additionally, other Ethereum-focused companies have also been accumulating ETH, with the Ether Machine recently acquiring $57 million in ETH [4].

BitMine has outlined plans to continue expanding its treasury, including a proposed $24.5 billion capital raise through an at-the-market stock sale to further fund ETH acquisitions [3]. The company also remains engaged in Bitcoin mining operations and offers advisory services to public companies seeking to generate Bitcoin-denominated revenue. These diversified business lines are designed to support BitMine’s long-term strategy of accumulating and holding Ethereum as a core asset [1].

Source:

[1] BitMine Immersion (BMNR) Reigns as the 1 ETH Treasury in the World (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-reigns-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-and-the-20th-most-liquid-us-stock-trading-2-8-billion-per-day-on-average-302537388.html)

[2] Ether Treasury News: Bitmine's (BMNR) ETH Holdings Top USD6.6B (https://www.coindesk.com/business/2025/08/18/bitmine-s-ether-holdings-top-usd6-6b-stock-slides-7-alongside-eth-s-tumble)

[3] BitMine ETH holdings reach $6.6B as share price tumbles (https://cointelegraph.com/news/bitmine-eth-holdings-reach-6-6b-share-price-tumbles)

[4] Tom Lee Buys $45M In Ethereum As Bitmine Expands (https://www.mitrade.com/insights/news/live-news/article-3-1064732-20250825)