BitMine Surges Past $9 Billion in Ethereum Holdings, Solidifying Treasury Dominance

BitMine Immersion Technologies has significantly expanded its lead in Ethereum treasury holdings, now boasting over 2 million ETH valued at approximately $9 billion. This substantial accumulation positions BitMine as the world's largest corporate holder of Ethereum, underscoring its aggressive strategy in the digital asset space.

Key Takeaways

• BitMine now holds over 2.069 million ETH, valued at roughly $9 billion.

• The company also holds 192 Bitcoin and $266 million in cash.

• BitMine made a $20 million strategic investment in Eightco Holdings, which is adopting Worldcoin as its primary treasury asset.

• Chairman Tom Lee sees Ethereum as a key asset in the convergence of Wall Street and AI.

BitMine's Growing Ethereum Stash

BitMine Immersion Technologies has announced it has surpassed the 2 million ETH mark in its corporate treasury. With current holdings of 2,069,443 ETH, the company's Ethereum reserves are valued at approximately $9 billion. This significant increase, driven by recent acquisitions, solidifies BitMine's position as the number one Ethereum treasury globally. The company also maintains a diversified portfolio, including 192 Bitcoin (worth about $215 million) and $266 million in cash.

Strategic Investments and Future Outlook

In line with its strategy to support innovative projects within the Ethereum ecosystem, BitMine has made its first "moonshot" investment of $20 million into Eightco Holdings. Eightco is set to adopt Worldcoin (WLD), a token co-founded by OpenAI's Sam Altman, as its primary treasury asset. BitMine views this as a strategic move to invest in bold ideas that enhance Ethereum network value, likening its approach to Google's "Other Bets."

BitMine Chairman Tom Lee expressed optimism about Ethereum's future, stating, "The convergence of both Wall Street moving onto the blockchain and AI/agentic-AI creating a token economy is creating a supercycle for Ethereum." The company's long-term objective is to control 5% of the total Ethereum supply.

Market Position and Investor Confidence

BitMine's substantial ETH holdings place it far ahead of other corporate treasuries, with runner-up SharpLink Gaming holding significantly less. The company's stock, BMNR, has seen fluctuations but remains a focus for investors, including ARK Invest, led by Cathie Wood, which has been increasing its stake in BitMine. BitMine's aggressive accumulation strategy and clear vision for Ethereum's role in the future of finance continue to attract attention in the crypto and traditional finance sectors.

Sources

• BitMine Widens Ethereum Treasury Lead as ETH Stash Hits $9 Billion With Latest Buy, Yahoo Finance.

• Largest ethereum treasury, BitMine, invests $20 million into the first worldcoin treasury firm, Sherwood News.

• $9.2B In Crypto Assets Puts BitMine At The Top Of Ethereum Treasuries, Cointribune.

• Cathie Wood's ARK Doubles Down on BitMine as Ethereum Treasury Hits $8.9 Billion, CoinCentral.

• BitMine Immersion (BMNR) ETH holdings exceed 2.069 million, reigning as the #1 ETH Treasury in the World, 2ndLargest Crypto Treasury Globally, PR Newswire.