Ethereum News Today: BitMine Surpasses $6.6 Billion in Ethereum Holdings, Becomes World’s Largest ETH Treasury

BitMine Immersion Technologies has solidified its position as the largest corporate holder of Ethereum and the second-largest crypto treasury globally, following a rapid and strategic accumulation of digital assets. As of August 18, 2025, the firm holds 1,523,373 ETH, valued at over $6.6 billion, placing it ahead of major competitors like Marathon Digital Holdings, which maintains a $5.83 billion BTC balance [2]. This move positions BitMine behind only MicroStrategy (MSTR), the top crypto treasury holder with 628,946 BTC valued at approximately $74 billion [1].

The company’s Ethereum reserves now account for over 1% of the total circulating supply of the asset, a figure that has drawn comparisons to Bitcoin’s institutional adoption strategies from the previous year [3]. BitMine’s strategy has been characterized by a deliberate and aggressive accumulation approach, growing from zero ETH to 1.3 million in just seven weeks since launching its Ethereum reserve initiative on June 30, 2025 [5]. This rapid expansion has not only enhanced its financial profile but also contributed to heightened liquidity for its stock, with shares reportedly trading an average of $6.4 billion daily [1].

Leadership at BitMine includes figures like Tom Lee, who have emphasized a long-term commitment to building a diversified digital asset portfolio centered on Ethereum. The company’s latest announcement reinforces its leadership in corporate crypto adoption and underscores its confidence in Ethereum as a core asset class [2]. This aligns with broader trends on Wall Street, where traditional financial institutions are increasingly allocating capital to tokenized assets. BitMine’s actions reflect a macro-level shift in the institutional landscape, with Ethereum emerging as a key player alongside Bitcoin [7].

Analysts have noted a 6% drop in BitMine’s stock value coinciding with a similar decline in Ethereum’s price, highlighting the interconnectedness of corporate treasury strategies and market dynamics [2]. The move has drawn parallels to MicroStrategy’s Bitcoin accumulation tactics, illustrating how large-scale purchases can influence both price movements and investor sentiment [6]. As more corporations follow suit, the competitive landscape for crypto treasuries is expected to evolve, further embedding digital assets into the fabric of institutional finance [7].

[1] BitMine crypto holdings now rank as 1 Ethereum treasury and 2 global treasury, behind Strategy Inc (MSTR), which owns 628,946 BTC coins valued at $74 billion. (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] On August 18, 2025, BitMine Immersion Technologies announced that its crypto holdings have surpassed $6.612 billion, making it the largest Ethereum treasury. (https://www.tipranks.com/news/company-announcements/bitmine-immersion-technologies-surpasses-6-6b-in-crypto-holdings)

[3] BitMine's version is smaller — 1% of Ether's circulating supply — but the ambition is the same: lock up so much of the asset that scarcity itself becomes a moat. (https://www.bloomberg.com/news/articles/2025-08-18/ethereum-s-big-backers-unleash-billions-to-push-into-wall-street?srnd=all)

[4] BitMine has added 106,485 ETH, bringing its total holdings to 1,297,093 ETH. (https://www.coinspeaker.com/tom-lees-bitmine-buys-the-dip-to-boost-ethereum-holdings-to-1297093/)

[5] Since launching its Ethereum reserve strategy on June 30th, BitMine's holdings have grown from 0 to 1.3 million in just seven weeks. (https://www.mexc.com/news/this-years-ethereum-is-the-plus-version-of-last-year-s-bitcoin/65767)

[6] Brevan Howard reports $2.3B Bitcoin exposure via BlackRock's IBIT ETF, becoming second-largest holder. (https://cryptoslate.com/tokenized-assets-near-300-billion-as-wall-street-quietly-floods-on-chain/)

[7] This expansion makes BitMine the largest Ethereum treasury in the world, and the second-largest overall crypto treasury, behind only MicroStrategy (MSTR). (https://beincrypto.com/btcs-ethereum-dividend-us-crypto-news/)