Ethereum News Today: BitMine Ethereum Holdings Surpass $6.6 Billion as Stock Slides 1.4%

BitMine has significantly bolstered its Ethereum treasury, now valued at $6.6 billion, according to multiple disclosures from the company and third-party tracking platforms. This increase comes after a rapid accumulation of over 373,000 ETH in the past week alone, pushing the total value of the firm’s Ethereum holdings from $4.96 billion to $6.61 billion. The firm now holds more than 1.5 million ETH in total, marking a key milestone in its aggressive crypto acquisition strategy.

The expansion of BitMine’s Ethereum holdings has positioned it as the second-largest institutional holder of public crypto assets, trailing only a major Bitcoin-focused entity. This move reinforces the company’s long-term strategic commitment to Ethereum, with co-founder Tom Lee stating, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years” [2]. Lee also noted that the integration of Wall Street and AI into blockchain infrastructure is likely to drive a broader transformation of the financial system, with Ethereum at the center of these developments.

Despite the rising value of its crypto treasury, BitMine’s stock has experienced volatility. Shares of the firm, trading under the ticker BMNR, have declined in recent sessions, mirroring the broader correction in Ethereum prices. On August 18, BMNR was among the top 15 most actively traded US stocks, with a trading volume of $42.43 million. This reflects the company’s growing influence in both the crypto and traditional equity markets.

BitMine’s strategy of maintaining a highly visible and transparent Ethereum treasury has distinguished it from many other institutional players. A significant portion of its holdings—over 1.17 million ETH—is stored in public-facing wallets, and the company continues to announce large-scale purchases through public channels. These purchases are sourced from over-the-counter desks such as Galaxy Digital, further reinforcing the credibility of the firm’s disclosed holdings.

While Ethereum treasuries still trail behind ETFs and legacy protocols in terms of total token volume, BitMine’s accumulation pace has placed it at the forefront of institutional Ethereum adoption. The firm’s continued investment in ETH contrasts with its slower accumulation of Bitcoin, where it currently holds around 154 BTC according to aggregated data, though internal reports suggest a slightly higher figure.

BitMine’s expansion of its Ethereum treasury has drawn attention from analysts and investors alike. The scale and speed of its purchases indicate a strong institutional belief in Ethereum’s long-term potential, particularly as the network continues to evolve with advancements in layer-2 solutions and decentralized finance (DeFi). The company’s strategy appears well aligned with broader industry trends, including the growing interest in blockchain-based financial infrastructure and real-world asset tokenization.

[1] https://www.coindesk.com/business/2025/08/18/bitmine-s-ether-holdings-top-usd6-6b-stock-slides-7-alongside-eth-s-tumble

[2] https://www.ainvest.com/news/ethereum-news-today-bitmine-ethereum-holdings-surpass-6-6-billion-2508

[3] https://www.ainvest.com/news/ethereum-news-today-bitmine-surpasses-6-6b-ethereum-holdings-stock-slides-1-4-2508

[4] https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-eyes-another-bullish-pennant-as-bitmine-treasury-blows-past-6-billion-202508181718

[5] https://www.stocktitan.net/news/BMNR/c-o-r-r-e-c-t-i-o-n-bit-mine-immersion-technologies-rc7wbrbkl71b.html