Ethereum News Today: BitMine Surpasses $8.8 Billion in Crypto Holdings After Major Ethereum Buy

BitMine Immersion Technologies (BMNR), the digital asset treasury firm co-founded by Tom Lee, has surpassed $8.8 billion in total crypto and cash holdings following a major Ethereum purchase in late August 2025. The firm now holds 1,713,899 ETH, valued at approximately $7.9 billion, and 192 BTC, making it the world’s largest corporate Ethereum holder [1]. This acquisition, which included 190,500 ETH, pushed its reported assets to $8.8 billion, a $2.2 billion increase from just one week prior [3].

The company also disclosed $562 million in unencumbered cash as of August 24, and its total assets are nearly equal to its current market capitalization of around $9.2 billion [1]. BitMine has positioned itself as a key player in the institutional Ethereum market, having launched an ether-denominated treasury program in late June and increasing its buying pace in recent weeks [1]. Management has stated a long-term goal of acquiring up to 5% of the total ETH supply [1].

BitMine ranks as the second-largest digital asset treasury globally, behind Strategy (MSTR), which holds around 632,457 BTC [4]. The firm also notes that its stock is among the most liquid U.S. listings, with an average daily trading value of $2.8 billion [1]. Despite its growing asset base, BMNR shares showed minimal movement during pre-market hours, while ETH fell over 2% to $4,640 [1].

The firm's aggressive ETH accumulation aligns with broader trends in corporate Ethereum ownership. Public company Ethereum treasuries now hold more than 2% of the total supply—over 2.4 million ETH—according to The Block’s data dashboard [1]. This marks a significant increase in institutional interest and spot ETH inflows during the summer of 2025. Other Ethereum-focused companies, such as SharpLink Gaming and ETHZilla, have also expanded their holdings [1].

BitMine’s continued accumulation strategy underscores its belief in Ethereum’s long-term value and its role as a store of value and capital appreciation vehicle. As corporate treasuries become increasingly active in the crypto market, BitMine’s actions are likely to influence broader market sentiment and price trends for Ethereum. The company’s transparency in reporting its holdings and its clear accumulation objectives provide investors with a clear view of its positioning in the digital asset space.

Source: [1] BitMine Immersion Technologies (BMNR) reported crypto and cash holdings of $8.8 billion (https://www.theblock.co/post/368109/tom-lees-bitmine-surpasses-8-billion-in-treasury-after-latest-eth-purchase)

[2] BitMine's press release disclosed the substantial purchase (https://www.ainvest.com/news/ethereum-news-today-bitmine-spends-800m-week-boost-ethereum-holdings-2508/)

[3] BitMine's holdings as of August 24 include 1,713,899 Ethereum tokens (https://www.investing.com/news/company-news/bitmine-reports-crypto-and-cash-holdings-exceed-88-billion-93CH-4208750)

[4] BitMine crypto holdings reigns as the 1 Ethereum treasury (https://www.marketscreener.com/news/c-o-r-r-e-c-t-i-o-n-bitmine-immersion-technologies-inc--ce7c50d8db89f42c)