BitMine's Crypto Holdings Surpass 1.52 Million Ethereum (ETH), How?

BitMine Immersion Technologies has reached a monumental milestone, surpassing 1.52 million ETH in crypto holdings. 

With its Ethereum treasury now valued at over $6.6 billion, BitMine has positioned itself as a major player in the crypto market, becoming the world's largest institutional holder of Ethereum and second only to Strategy in total cryptocurrency holdings.

READ ALSO: Ethereum Price Prediction: Will ETH Smash $5K After Bullish Rebound?

BitMine Speculated Record-Breaking Ethereum Accumulation

In a significant development, BitMine Immersion Technologies (NYSE: BMNR) has achieved a remarkable milestone in the cryptocurrency world. As of August 17, 2025, the company’s crypto holdings have surpassed 1.52 million ETH, valued at $6.6 billion.

This represents an $1.7 billion increase from just a week earlier when its Ethereum holdings were worth $4.9 billion. The company’s treasury now includes 1,523,373 ETH tokens valued at approximately $4,326 per ETH, as well as 192 Bitcoin.

The most impressive aspect of this achievement is the rapid growth of BitMine’s Ethereum holdings. In just six weeks, the company has transformed from a traditional Bitcoin mining operation into the world’s largest institutional Ethereum holder.

This acquisition began on June 30, 2025, with the first major acquisitions occurring on July 8, 2025, marking the beginning of its aggressive Ethereum treasury strategy.

Market Position and Strategic Goals

With this significant accumulation of Ethereum, BitMine has earned the title of the largest Ethereum treasury in the world, surpassing other notable companies in the space.

Notably, it holds the second-largest cryptocurrency treasury globally, only behind Strategy (formerly MicroStrategy), which owns approximately 628,946 BTC worth $74 billion.

BitMine’s Ethereum holdings represent about 1.3% of the total circulating ETH supply, solidifying its position as a key player in the Ethereum ecosystem.

The company’s long-term vision, referred to as the “alchemy of 5%”, aims for BitMine to acquire up to 5% of the total Ethereum supply, which would equate to about 6 million ETH tokens.

Reaching this target would have a huge impact on the Ethereum market and liquidity, reshaping how Ethereum is traded and utilised.

Leadership and Institutional Backing

Leading the charge at BitMine is the co-founder of Fundstrat, Tom Lee, who was appointed Chairman of BitMine in 2025. Lee is well-known for his crypto market predictions and his ambitious vision for the company.

His leadership has positioned BitMine as the "MicroStrategy of Ethereum" and attracted significant institutional backing from prominent investors such as:

• ARK Invest’s Cathie Wood
• Founders Fund (Peter Thiel)
• Bill Miller III
• Pantera Capital
• Kraken
• Digital Currency Group (DCG)
• Galaxy Digital

This institutional support has been pivotal in facilitating BitMine’s rapid Ethereum accumulation, showcasing the growing institutional interest in digital assets.

READ ALSO: Is Ethereum About to Wake Up? Roadmap, Upgrades, and Institutional Traction

Market Impact and Trading Liquidity

BitMine’s influence extends beyond its Ethereum holdings. The company’s stock has become one of the most actively traded securities in the U.S. stock market, boasting an average daily trading volume of $6.4 billion.

This puts BitMine ahead of major corporations like JPMorgan and Alphabet, highlighting its prominence in the global financial landscape.

Despite the impressive trading volume, BitMine's stock has faced significant volatility. Since August 11, 2025, the stock has dropped by 14.2%, a reflection of the inherent volatility in the cryptocurrency market and BitMine's approach to rapidly expanding its Ethereum position.

Financial Strategy and Yield Generation

One of the distinguishing factors of BitMine’s Ethereum strategy is its focus on yield generation. Unlike traditional Bitcoin-focused treasury companies, BitMine stakes most of its Ethereum holdings to earn annual rewards of 2-3%.

This strategy not only provides additional income through staking rewards but also offers potential for price appreciation.

To finance its acquisitions, BitMine has explored various capital-raising strategies. The company recently launched a $24.5 billion stock sale and completed a $250 million private placement to further fund its Ethereum strategy.

This approach has allowed BitMine to continue expanding its Ethereum treasury while mitigating some of the risks associated with market fluctuations.

Read Also: What is BMNR Stock? Correlation to Ethereum

Market Context and Future Outlook

The rise in corporate Ethereum holdings coincides with the increasing institutional adoption of cryptocurrency. Ethereum exchange-traded funds (ETFs) have seen significant trading volumes, and Ethereum’s price is predicted to rise.

For instance, Standard Chartered recently increased its ETH price forecast to $7,500 for 2025, up from a previous estimate of $4,000.

Tom Lee views Ethereum as a long-term macro investment, with the potential to reshape global financial markets. 

He believes Ethereum’s role in blockchain technology and its integration with emerging sectors like AI positions it as a key asset in the coming decades.

Competitive Landscape

BitMine’s position as the largest corporate Ethereum holder is impressive, but it is not without competition. 

Companies such as SharpLink Gaming and The Ether Machine also hold significant Ethereum treasuries, with SharpLink Gaming owning around 729,000 ETH and The Ether Machine holding 345,000 ETH.

However, BitMine’s rapid accumulation and institutional backing have helped it establish a dominant position in the corporate Ethereum space.

Read Also: Ethereum Price Drops: Is Sharplink to Blame?

Conclusion

BitMine’s achievement in surpassing 1.52 million ETH marks a pivotal moment in the history of corporate cryptocurrency holdings. 

With its strategic leadership, innovative financial strategies, and strong institutional backing, BitMine is poised to continue its dominance in the Ethereum space, shaping the future of the cryptocurrency market.

You can get involved in crypto trading via Bitrue Exchange or stay updated with the latest crypto news through their blog, Bitrue Blog or start trading on Bitrue Trade.

FAQ

What is BitMine’s crypto treasury size?

BitMine’s crypto treasury holds over 1.52 million ETH, valued at $6.6 billion, making it the world’s largest institutional Ethereum holder.

Who is leading BitMine’s Ethereum strategy?

Co-founder of Fundstrat, Tom Lee, is leading BitMine’s strategic pivot toward Ethereum, positioning the company as the "MicroStrategy of Ethereum."

How is BitMine financing its Ethereum acquisitions?

BitMine is raising capital through stock sales and private placements, including a $24.5 billion stock sale to fund its Ethereum strategy.

What is BitMine’s staking strategy?

BitMine stakes its Ethereum holdings to generate 2-3% annual rewards, adding a layer of yield generation to its price appreciation strategy.

How does BitMine compare to other Ethereum holders?

BitMine holds the largest Ethereum treasury globally, surpassing other notable companies like SharpLink Gaming and The Ether Machine in size.