190,500 ETH in Seven Days: BitMine’s Buying Spree Pushes Its Ethereum Treasury Past $8B
The post 190,500 ETH in Seven Days: BitMine’s Buying Spree Pushes Its Ethereum Treasury Past $8B appeared on BitcoinEthereumNews.com.
TLDR: BitMine Immersion now holds 1.71M ETH worth $8.23B, claiming the top spot as the largest Ethereum treasury. The company’s total crypto + cash balance hit $8.82B after adding 190,500 ETH in just one week. Its stock averages $2.8B daily trading volume, ranking #20 among US-listed firms, ahead of JPMorgan. BitMine’s crypto NAV per share climbed to $39.84, up from $22.84 less than a month earlier. BitMine Immersion has shaken the crypto market with its latest Ethereum haul. The company now controls more ETH than any other treasury worldwide. Its stash swelled by billions in just one week. Investors are taking notice as the firm also became one of the most traded US stocks. The development places BitMine alongside the heaviest players in the global crypto space. Ethereum Treasury Surges With $8.23B in Holdings According to a company filing on August 25, BitMine Immersion’s crypto and cash holdings climbed to $8.82 billion. This included 1.71 million Ethereum valued at $8.23 billion. The growth came after the firm added 190,500 ETH in one week. Wu Blockchain reported that the company’s purchases pushed its total higher by $2.2 billion from the previous week. The strategy gave BitMine the largest Ethereum treasury in the world. It also cemented its place as the second-largest crypto treasury overall, behind Strategy Inc. BitMine Immersion (NYSE: BMNR) today announced that its crypto + cash holdings reached $8.82B, including 1.71M ETH (~$8.23B), making it the largest Ethereum treasury globally and the second-largest crypto treasury after Strategy. The company added 190,500 ETH last week, boosting… — Wu Blockchain (@WuBlockchain) August 25, 2025 The firm also holds 192 Bitcoin and $562 million in cash reserves. Executives said the plan is to eventually control 5% of Ethereum’s supply. That push has drawn strong backing from institutional investors such as ARK’s Cathie…
Filed under: News - @ August 26, 2025 5:27 am