Ethereum News Today: BitMine Surpasses 1.52M ETH as Ethereum’s Largest Treasury

BitMine Immersion Technologies (BMNR) has become the second-largest corporate holder of cryptocurrencies globally, with Ethereum holdings valued at over $6.6 billion as of August 17, 2025. The company, which launched its Ethereum treasury strategy on June 30, has accumulated 1.52 million ETH tokens, valued at approximately $4,326 per token, as well as 192 Bitcoin (BTC) tokens and $80 million in unencumbered cash [1]. This marks a $1.7 billion increase from its $4.9 billion holdings reported just one week earlier, driven by the acquisition of over 373,000 additional ETH tokens [2].

BitMine is now the largest Ethereum treasury in the world, surpassing other crypto treasury initiatives such as MARA Holdings (MARA), and trails only Strategy Inc. (MSTR), which holds 628,946 BTC valued at $74 billion [1]. The company's institutional investor base includes prominent names such as ARK Invest's Cathie Wood, Founders Fund, Pantera, Galaxy Digital, Kraken, and Digital Currency Group, all of which support BitMine's goal of acquiring 5% of the total Ethereum supply [2].

The company has also seen a significant rise in its stock liquidity, with an average daily trading volume of $6.4 billion, as of August 8, 2025. This places BitMine among the top 10 most liquid U.S.-listed stocks, ranking just behind United Health and ahead of major financial institutions like JPMorgan and Alphabet [1]. This liquidity growth reflects both the increasing institutional interest in the firm and the broader market's recognition of its role in the crypto-asset space.

BitMine’s rapid accumulation of ETH has been facilitated by its dual business model, combining traditional Bitcoin mining with Ethereum treasury operations. The firm operates in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas, enabling it to sustainably acquire and hold digital assets. The company's strategy includes synthetic Bitcoin mining, hashrate as a financial product, and advisory services to firms seeking exposure to Bitcoin-denominated revenues [1].

Analysts have highlighted the significance of BitMine’s growth in the context of evolving regulatory frameworks, particularly with the introduction of the GENIUS Act and the SEC's Project Crypto. These developments are seen as pivotal to the future of financial services, drawing comparisons to the 1971 end of the Bretton Woods system, which redefined global monetary policy and catalyzed the rise of modern Wall Street [1]. BitMine’s leadership, including Fundstrat’s Tom Lee, has emphasized Ethereum’s role as a foundational platform for blockchain-based financial services and artificial intelligence integration, positioning the asset as a key driver of long-term market transformation [2].

While the recent price decline in ETH has caused BitMine’s stock to drop by 7% in one week, the company remains focused on its long-term objectives. The broader market for crypto treasury stocks has also experienced volatility, with related equities such as SharpLink (SBET), Upexi (UPXI), and DeFi Development (DFDV) seeing declines of between 3% and 9% [3]. Despite these fluctuations, BitMine continues to attract attention as a major player in the digital asset space, with its treasury strategy and liquidity performance setting it apart from many of its peers.

Source: [1] BitMine Immersion (BMNR) is the 1 ETH treasury in the world, now 2nd largest crypto treasury globally and the 10th most liquid US stock, trading $6.4 billion per day on average (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-is-the-1-eth-treasury-in-the-world-now-2nd-largest-crypto-treasury-globally-and-the-10th-most-liquid-us-stock-trading-6-4-billion-per-day-on-average-302531968.html)

[2] BitMine's Crypto Holdings Surpass 1.52 Million ETH To ... (https://finance.yahoo.com/news/bitmines-crypto-holdings-surpass-1-123858320.html)

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