Ethereum News Today: BitMine Surges to Top of Ethereum Treasury Rankings With 38% Surge in Holdings

BitMine has surged to the top of the Ethereum treasury rankings, now holding 1,150,263 ETH valued at approximately $4,96 billion as of August 10, 2025 [1]. This positions the company as the largest single corporate holder of Ethereum and the third-largest overall in the global crypto market, trailing only MicroStrategy and Mara Blockchain [1]. The rapid accumulation reflects a strategic and aggressive Ethereum acquisition initiative that began on June 30 and concluded initial purchases by July 8 [1]. In just five weeks, BitMine’s ETH holdings increased by more than 38%, rising from 833,000 tokens to over 1.15 million [1]. This represents a $2 billion increase in total value within the span of one week alone [1].

BitMine’s bold move is backed by a strong institutional investor network, including Cathie Wood’s ARK Investment Management, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital [1]. These backing entities have provided the liquidity and strategic direction necessary to support such a fast-paced accumulation strategy. The company's stock has also seen a significant uptick in trading volume, with an average daily turnover of $2.2 billion. This places BitMine’s stock among the top 25 most liquid in the U.S., ahead of JPMorgan and Micron Technology [1].

The company’s stated objective is to control 5% of all Ethereum in circulation, a target that, if achieved, would significantly influence the corporate Ethereum ownership landscape [1]. This level of ownership could consolidate power over Ethereum governance and usage, especially as institutional interest in the platform continues to grow. The speed and scale of BitMine’s purchases have outpaced its competitors, signaling a strategic intent to dominate the Ethereum market [1].

Analysts remain divided on the potential market impact of such a large corporate Ethereum holding. While the company’s actions demonstrate strong confidence in Ethereum’s long-term value, they also introduce volatility risks if the market were to reverse course [1]. Traders are closely monitoring whether BitMine will maintain its aggressive buying pace or adjust its strategy in response to market dynamics [1].

Given the rapid growth of its Ethereum treasury and the backing from major institutional investors, BitMine is now a central figure in the corporate crypto space. If it continues on this trajectory, the company could become a defining force in Ethereum’s corporate ecosystem.

Source: [1] Largest ETH Holder? BitMine Now Commands $4.96B in Ethereum Reserves (https://blockonomi.com/largest-eth-holder-bitmine-now-commands-4-96b-in-ethereum-reserves/)