Ethereum News Today: BitMine Surpasses 833,137 ETH Treasury Valued at $2.9 Billion

BitMine Immersion Technologies has surpassed all other public companies to become the largest corporate holder of Ethereum (ETH), with a total of 833,137 ETH in its treasury, valued at over $2.9 billion as of mid-August 2025 [1]. The accumulation occurred at an average rate of approximately 24,000 ETH per day, allowing the company to reach this milestone in just 35 days [2]. This move cements BitMine’s leading role in the institutional adoption of Ethereum and shifts the landscape of corporate crypto holdings.

The company now holds approximately 5% of the total ETH supply, placing it among the top institutional owners of the cryptocurrency [3]. BitMine trails only MicroStrategy and Marathon Digital Holdings in the global rankings of corporate Ethereum treasury sizes [4]. This rapid and strategic accumulation has sparked widespread interest from both investors and industry analysts, who view it as a sign of crypto’s growing importance in corporate asset allocation [5].

The aggressive buying spree has raised questions about its potential impact on Ethereum’s market dynamics. Analysts suggest that large-scale institutional purchases can influence Ethereum’s supply and demand balance, especially in a market already characterized by high volatility [6]. While the immediate effects remain to be seen, the long-term consequences will depend heavily on macroeconomic conditions and the broader performance of the crypto market.

BitMine has positioned its Ethereum holdings as a key component of its corporate balance sheet, with a clear strategy centered on long-term value retention and the potential appreciation of Ethereum as adoption expands [7]. As more public companies explore digital assets as a strategic investment, BitMine’s move highlights a broader trend of institutional confidence in crypto as a legitimate and valuable asset class. The company’s approach underscores a fundamental shift in how corporations view and manage their treasuries in an increasingly digital financial ecosystem.

Source:

[1] Bitmine Becomes World’s Largest ETH Treasury With $2.9 Billion in Holdings – Crypto News Bitcoin News https://news.bitcoin.com/bitmine-becomes-worlds-largest-eth-treasury-with-2-9-billion-in-holdings/

[2] Ethereum News Today: Bitmine Surpasses 833,000 ETH Tokens Treasury Valued $2.9 Billion https://www.ainvest.com/news/ethereum-news-today-bitmine-surpasses-833-000-eth-tokens-treasury-valued-2-9-billion-2508/

[3] Bitmine Immersion 2.9B ETH 5% Supply https://cryptonews.com/news/bitmine-immersion-29b-eth-5-percent-supply/

[4] Bitmine Exceeds $2.9B in Ethereum Holdings https://www.msn.com/en-us/money/savingandinvesting/bitmine-exceeds-2-9b-in-ethereum-holdings/ar-AA1JScGE?ocid=finance-verthp-feeds

[5] BitMine Immersion ETH Holdings Exceed 833,000 Tokens Valued in 2025 https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-nqmlw07tnpmk.html

[6] Crypto Treasuries Expand as Public Companies Make Bold Monday Moves https://www.coindesk.com/business/2025/08/04/crypto-treasuries-expand-as-public-companies-make-bold-monday-moves

[7] Live News: BitMine Immersion Ethereum Holdings https://www.mitrade.com/insights/news/live-news/article-3-1011694-20250805