BitMine’s Ethereum Holdings Reach 566,776 ETH as Company Pursues 5% of Total Supply
The post BitMine’s Ethereum Holdings Reach 566,776 ETH as Company Pursues 5% of Total Supply appeared on BitcoinEthereumNews.com.
BitMine Immersion Technologies has emerged as the largest corporate holder of Ethereum, boasting a treasury of 566,776 ETH valued at $2.1 billion. The NYSE-listed mining firm has strategically shifted focus from Bitcoin to Ethereum, aiming to stake 5% of the total ETH supply as part of its aggressive acquisition plan. Tom Lee, chairman of BitMine’s board, emphasized the company’s commitment to expanding its Ethereum holdings, signaling a broader trend among corporations adopting digital asset treasury strategies. BitMine’s $2.1B Ethereum treasury marks a significant corporate shift, fueling ETH price gains and reflecting growing institutional interest in digital asset accumulation. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); BitMine’s Strategic Shift to Ethereum Accumulation Drives Market Momentum BitMine Immersion Technologies has made a decisive pivot from Bitcoin mining to Ethereum acquisition, positioning itself as a dominant player in the crypto treasury landscape. With a current holding of 566,776 ETH, acquired at an average price of $3,643.75 per token, the company’s Ethereum assets now exceed $2.1 billion. This move aligns with BitMine’s stated objective to acquire and stake 5% of the entire Ethereum supply, a target that underscores the firm’s long-term confidence in Ethereum’s network and its staking potential. The firm’s recent $250 million private placement, closed in early July, provided the capital influx necessary to accelerate this accumulation strategy. BitMine’s shares have responded positively, trading at $43.20 with a 9.3% increase,…
Filed under: News - @ July 25, 2025 12:30 am