Ethereum News Today: BitMine Surpasses $6.6B in Ethereum Holdings as Stock Slides 1.4%

BitMine Immersion Technologies has emerged as the leading corporate holder of Ethereum, with its treasury now holding 1.523 million ETH, valued at approximately $6.6 billion as of August 18, 2025 [1]. This milestone positions the company as the largest Ethereum treasury in the world and the second-largest overall crypto treasury, behind Strategy Inc [6]. The rapid accumulation of Ethereum, which has grown from $4.96 billion in ETH value on August 10 to $6.61 billion just seven days later [4], demonstrates BitMine's aggressive and strategic approach to building a substantial digital asset reserve.

BitMine initiated its Ethereum treasury strategy on June 30, 2025, and by July 8, the program was fully operational [1]. Over the course of six weeks, the company added more than 373,000 ETH to its holdings, significantly increasing its reserves by $1.7 billion [7]. This swift expansion of its Ethereum holdings highlights the company's institutional-grade purchasing power and its strong conviction in the long-term value of the cryptocurrency.

Thomas “Tom” Lee, Chairman of BitMine and founder of Fundstrat, has emphasized the company’s momentum in the crypto treasury space. “In just a week, BitMine increased its ETH holdings by $1.7 billion to $6.6 billion,” Lee stated [1]. He further noted that the company leads its crypto treasury peers in both the speed of increasing its crypto net asset value per share and the high liquidity of its stock. Indeed, Fundstrat data shows that BMNR’s five-day average daily dollar volume reached $6.4 billion as of August 8 [1], underscoring the stock’s active trading and strong market interest.

Despite the substantial growth in its Ethereum holdings, BitMine’s stock has faced recent volatility. As of the latest data, the shares fell 1.40% to $57.00, largely due to a broader decline in Ethereum’s price [1]. Ethereum dropped to $4,354.15, marking a 4.61% decline in a single day [1]. This movement reflects the broader market dynamics affecting the crypto sector and raises questions about investor sentiment toward companies with heavy exposure to digital assets.

Lee has compared Ethereum’s potential to the U.S. departure from the gold standard in 1971, which fundamentally reshaped financial markets [1]. He argues that Ethereum, in combination with blockchain and AI, could drive a similar transformation in today’s global financial system. “We continue to believe Ethereum is one of the biggest macro trades over the next 10–15 years,” Lee said [1]. His comments align with BitMine’s broader strategy of positioning itself at the forefront of financial innovation through Ethereum accumulation.

BitMine’s actions have broader implications for the corporate adoption of crypto assets. By rapidly scaling its Ethereum holdings, the company is setting a precedent that could encourage other firms to explore similar strategies. As Ethereum’s network undergoes key upgrades and gains more institutional adoption, its role as a foundational digital asset is becoming increasingly evident. However, the recent stock price decline highlights the volatility inherent in the sector, reinforcing the need for strategic caution.

The company’s treasury strategy reflects a deep belief in Ethereum’s utility and future. As the digital asset continues to evolve, BitMine’s position as the largest corporate Ethereum holder underscores its commitment to shaping the next phase of financial innovation.

Source: [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://cointelegraph.com/news/bitmine-eth-holdings-reach-6-6b-share-price-tumbles

[4] https://seekingalpha.com/news/4486615-bitmine-immersion-ramps-up-ether-holdings-to-66b-in-past-week

[5] https://coingape.com/tom-lees-bitmine-ethereum-treasury-tops-6-6b/

[6] https://crypto-economy.com/bitmine-now-holds-1-5m-eth-valued-at-6-6b-as-treasury-strategy-pays-off/

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