BitMine Adds 190,500 ETH — $2.2B Weekly Haul Makes It No. 1 Ethereum Treasury

BitMine Immersion Technologies has cemented its place as the world’s largest Ethereum corporate treasury after announcing another massive purchase of ￰0￱ Delaware-based firm disclosed late Sunday that its total crypto and cash holdings have swelled to $8.82 billion, following a $2.2 billion accumulation in just the past ￰1￱ milestone reflects the company’s aggressive accumulation strategy launched in late June , which has rapidly transformed BitMine into a central player in the Ethereum ￰2￱ Expands ETH Treasury, Ranks Second in Global Crypto Reserves According to the announcement , the company added more than 190,500 ETH in a single week, building on an already aggressive buying campaign launched in late ￰3￱ of August 24, BitMine holds 1,713,899 ETH valued at $4,808 each, alongside 192 Bitcoin and $562 million in unencumbered ￰4￱ company now leads all corporate Ethereum treasuries by a wide margin and ranks second among global crypto treasuries overall, trailing only Michael Saylor’s Strategy Inc., which controls 629,376 BTC worth $71 ￰5￱ Lee's Ethereum Treasury Company Bitmine $BMNR now holds more than $8.8 Billion worth of ETH + Cash up from the $6.6B last week BMNR now owns 1.71 Million ETH and 192 BTC ￰6￱ — Tom Lee Tracker (@TomLeeTracker) August 25, 2025 Chairman Thomas “Tom” Lee of Fundstrat said the pace of acquisitions reflects the company’s ambition to secure roughly 5% of Ethereum’s total supply, around six million ETH, a goal that would require about $22 billion at current prices.

“In the past week alone, BitMine raised capital from institutional investors at unprecedented speed,” Lee said. “We remain convinced Ethereum represents one of the biggest macro trades of the next ￰7￱ Wall Street and artificial intelligence move on-chain, Ethereum will be the foundation for transforming today’s financial system.” The company’s rapid expansion has coincided with regulatory shifts that Lee likened to historic financial turning ￰8￱ cited the recently enacted GENIUS Act and the SEC’s “Project Crypto” initiative as catalysts comparable to the ￰9￱ the gold standard in 1971, a moment that reshaped Wall Street for generations. BitMine’s aggressive Ethereum strategy has also made its stock one of the most actively traded names in the ￰10￱ to Fundstrat, BitMine shares averaged $2.8 billion in daily trading volume over the past week, placing it 20th among all U.

S.-listed ￰11￱ level of activity puts the company ahead of banking giant JPMorgan and cybersecurity heavyweight Palo Alto Networks, underscoring investor appetite for exposure to its Ethereum-heavy balance ￰12￱ its ambitious strategy, BitMine has been rapidly expanding its equity offering ￰13￱ August 12, the company filed with the SEC to boost its at-the-market stock sale capacity to $24.5 billion, up from an initial $2 billion authorization in ￰14￱ the funds may be used for Bitcoin purchases or mining operations, BitMine has made clear Ethereum remains its primary ￰15￱ Ethereum Holdings Jump 127% in July, Led by BitMine and SharpLink BitMine’s rapid rise has also reignited competition among Ethereum-focused corporate ￰16￱ SharpLink Gaming reported holding 728,804 ETH as of June 30 , nearly all of it staked to generate yield as the company pivots into a full-scale Ethereum treasury ￰17￱ has already raised more than $3 billion in capital through direct offerings and private investment vehicles, with co-CEO Joseph Chalom, a former BlackRock executive, arguing that treasury strategies could deliver “multiples of the value of the underlying” for ￰18￱ BitMine and SharpLink are aggressively staking their reserves, with SharpLink confirming it has earned over 1,300 ETH in rewards to ￰19￱ growing competition was on display last week in Manhattan, where major Ethereum treasury firms pitched Wall Street on the asset’s role as the foundation for a new financial ￰20￱ to Bloomberg, the movement aims to lock away vast amounts of Ethereum’s supply, creating scarcity while positioning corporate players at the center of decentralized finance ￰21￱ strategy is already having an ￰22￱ marked the largest monthly increase in corporate ETH holdings on record, soaring 127% to 2.7 million ETH worth $11.6 billion.) shows Ethereum futures open interest rising alongside price gains, suggesting strong liquidity ￰23￱ contrast, Bitcoin’s recent highs have not been matched by similar open interest recovery, signaling weaker institutional participation.) August 25, 2025 Their activity, often following confirmed trends, is reinforcing ETH’s move toward the $5,000 mark, with whale accumulation likely to provide the fuel for further gains.