Ethereum News Today: BitMine Surpasses 833,137 ETH Holdings in 35 Days Becoming World's Largest Ethereum Institutional Holder

BitMine Immersion Technologies has announced that it has amassed 833,137 Ethereum tokens, valued at approximately $2.9 billion as of August 3, 2025, making it the largest institutional holder of Ethereum in the world [1]. The company, led by Tom Lee, has executed a rapid accumulation strategy over 35 days, acquiring nearly 24,000 ETH per day on average. This acquisition surpasses that of other major corporate holders like SharpLink, and places BitMine second only to MicroStrategy and Mara in global Ethereum treasury rankings [2].

The company’s aggressive accumulation strategy reflects a broader shift in corporate asset management, with Ethereum increasingly viewed as a strategic treasury asset. BitMine’s approach is driven by expectations of passive income through staking once Ethereum transitions fully to a proof-of-stake model. Tom Lee, the company’s chairman, has stated that the goal is to eventually accumulate up to 5% of Ethereum’s total circulating supply, which would significantly influence the market dynamics of the second-largest cryptocurrency [3].

BitMine has also announced a $1 billion stock repurchase program to further support its Ethereum-focused strategy, signaling strong internal confidence in the asset’s long-term value [4]. The company’s stock, traded under the ticker BMNR, has seen increased trading volume, averaging $1.6 billion in daily turnover over the past five days, placing it among the most actively traded equities in the U.S. [5]. Institutional backing has further strengthened, with entities linked to Peter Thiel acquiring a 9.1% stake in the firm earlier this month [6]. Cathie Wood’s ARK Invest has also added $17 million in BMNR shares to its flagship ETFs in recent weeks, bringing its total holdings in the stock to over $219 million since early August [7].

BitMine’s rapid growth in Ethereum holdings highlights the increasing institutional interest in digital assets as a core component of corporate treasury strategies. Analysts note that the combination of aggressive accumulation and high stock liquidity sets BitMine apart from its peers, potentially reshaping how corporations approach cryptocurrency investments [8]. As BitMine continues its acquisition efforts, it is anticipated that the broader market may react, with possible implications for Ethereum’s liquidity and on-chain activity.

SharpLink, the next largest corporate holder of Ethereum, has 480,031 ETH, valued at $1.65 billion, as of the same date, but the gap between the two firms continues to widen [9]. BitMine confirmed on August 4 its intention to maintain its accumulation pace, reinforcing its role as a major player in the Ethereum ecosystem [10].

Sources:

[1] BeInCrypto, [https://beincrypto.com/bitmine-2-billion-ethereum-treasury/](https://beincrypto.com/bitmine-2-billion-ethereum-treasury/)

[2] The Block, [https://www.theblock.co/post/365425/tom-lees-bitmine-ethereum-treasury?utm_medium=rss&utm_source=news.xml](https://www.theblock.co/post/365425/tom-lees-bitmine-ethereum-treasury?utm_medium=rss&utm_source=news.xml)

[4] Stock Titan, [https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-nqmlw07tnpmk.html](https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-nqmlw07tnpmk.html)

[8] AInvest, [https://www.ainvest.com/news/ethereum-news-today-bitmine-surpasses-sharplink-833-137-eth-purchase-35-days-2508/](https://www.ainvest.com/news/ethereum-news-today-bitmine-surpasses-sharplink-833-137-eth-purchase-35-days-2508/)

[9] Investing.com, [https://www.investing.com/news/cryptocurrency-news/bitmine-immersion-reports-eth-holdings-exceed-833000-tokens-432SI-4167639](https://www.investing.com/news/cryptocurrency-news/bitmine-immersion-reports-eth-holdings-exceed-833000-tokens-432SI-4167639)