BitMine Expands Ethereum Treasury

TLDR

Table of Contents

BitMine now holds 2.83 million ETH, making it the world’s largest Ethereum holder.
Ethereum price rebounds to $4,598, marking a 211% rise in the last six months.
BitMine’s crypto portfolio includes 192 Bitcoin and $456 million in cash reserves.
Institutional Ethereum inflows reached $1.48 billion, pushing YTD total to $13.7 billion.

BitMine Immersion Technologies, led by Fundstrat’s Thomas “Tom” Lee, has significantly bolstered its Ethereum holdings, purchasing roughly $820 million in ETH. This expansion of its Ethereum treasury coincides with a sharp rebound in ETH’s price. As a result, BitMine has now accumulated more than 2.83 million ETH, valued at over $13.4 billion, making it the world’s largest Ethereum treasury.

Expanding Crypto Holdings

BitMine’s crypto portfolio now includes 2,830,151 ETH, 192 Bitcoin, and $456 million in cash reserves. In addition, the company holds a $113 million equity stake in Eightco Holdings (NASDAQ: ORBS). This substantial increase in Ethereum holdings places BitMine as the second-largest crypto holder globally, behind Strategy Inc. (MSTR), which owns over 640,000 BTC valued at approximately $79 billion.

This move reflects a growing institutional interest in Ethereum. BitMine’s position at the top of the Ethereum rankings underscores the increasing value placed on the asset as more institutions enter the space.

Ethereum’s Strong Price Rebound

Ethereum’s strong price recovery has been a key driver of BitMine’s decision to increase its holdings. The price of ETH recently surged to $4,598, marking a 1.85% daily rise and a 211% increase over the past six months, according to TradingView data. This surge has further extended Ethereum’s year-to-date gains to nearly 38%, demonstrating the asset’s robust performance amid growing institutional demand.

This price growth aligns with the broader trend of increased blockchain adoption, particularly in the financial sector. The launch of the first Ethereum staking ETF has intensified institutional demand for ETH. This growing interest from large-scale investors has had a significant impact on Ethereum’s price and has further solidified its position as a critical asset in the digital economy.

Institutional Appetite for Ethereum Grows

Recent data from CoinShares highlights the rising institutional appetite for Ethereum. In just one week, the firm reported $1.48 billion in Ethereum inflows. This increase has pushed the total year-to-date inflows to a record $13.7 billion—nearly three times the amount of inflows seen in 2024.

The surge in institutional interest signals a major shift in the market, as larger investors look to diversify their portfolios with Ethereum.

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