Bitmine Boasts World's Largest Ethereum Treasury as Holdings Surpass 1.71 Million ETH

Bitmine’s Aggressive ETH Accumulation Continues

The company’s holdings comprise 1,713,899 ethereum (ETH), 192 bitcoin (BTC), and $562 million in cash as of Aug. 25. This positions Bitmine as the second-largest corporate crypto treasury globally, behind only Strategy and its substantial bitcoin portfolio.

“At Bitmine, we are leading our crypto treasury peers by the high trading liquidity of our stock,” Bitmine Chair Tom Lee remarked on Monday.

The $8.8 billion total marks a $2.2 billion increase from the $6.6 billion reported just one week prior, driven by the acquisition of an additional 190,500 ETH tokens. Bitmine launched its dedicated ethereum accumulation strategy on June 30.

Chairman Tom Lee stated the company continues to raise capital from institutional investors to pursue its goal of acquiring 5% of all ETH. The company’s stock, traded on the NYSE American under BMNR, is also highly liquid. Bitmine said the stock ranks as the 20th most actively traded U.S. stock by dollar volume, averaging $2.8 billion per day.

Bitmine’s latest buy is supported by investors including Ark Invest’s Cathie Wood, Founders Fund, and Pantera Capital. Lee called ethereum ( ETH) a major macro trade, predicting that Wall Street and artificial intelligence (AI) moving to the blockchain will transform finance. This activity occurs amid significant U.S. regulatory shifts, including the GENIUS Act and the SEC’s Project Crypto.