TL;DR
- BitMine has expanded its Ethereum holdings to 2.83 million ETH, spending approximately $821 million in the past week.
- Its total crypto and cash assets now reach $13.4 billion, placing it among the largest corporate digital asset treasuries globally.
- The company continues pursuing a long-term strategy to acquire up to 5% of Ethereum’s total supply, aligning with its focus on financial-market infrastructure and AI-related blockchain applications.
BitMine Immersion Technologies (BMNR) confirmed on Monday that its Ethereum treasury has grown to roughly 2.83 million ETH, elevating its combined crypto and cash assets to $13.4 billion. This achievement reinforces the company’s position as the largest corporate holder of Ethereum and the second-largest corporate crypto treasury overall, trailing only Strategy, which maintains the largest Bitcoin reserve.
Corporate Ethereum Holdings Reach New Heights
The rapid accumulation highlights BitMine’s focused strategy. In late September, the company reported 2.65 million ETH, meaning around 180,000 ETH were purchased within a single week, equating to nearly $821 million. This aggressive approach has steadily solidified BitMine’s ranking atop Ethereum corporate treasuries and emphasizes its confidence in Ethereum as a cornerstone for digital finance and AI-powered applications. Industry observers note that this scale of accumulation demonstrates a clear commitment to shaping future blockchain infrastructure and supporting decentralized ecosystems.
Long-Term Vision Guides Treasury Strategy
BitMine has reiterated plans to acquire up to 5% of Ethereum’s total supply over time, signaling a multi-year commitment rather than a short-term investment. Chairman Tom Lee has emphasized that Ethereum’s smart contract capabilities and its expanding role in decentralized finance and enterprise applications make it a strategic asset for corporate balance sheets. The firm frames its accumulation as a method to leverage Ethereum’s utility in blockchain-based infrastructure while capturing potential upside from market growth.
Ethereum’s market price has recently hovered in the mid-$4,000s, enhancing the dollar value of BitMine’s holdings. ETH currently trades around $4,570, marking a more than 10% increase in the past week amid a broader cryptocurrency rally led by Bitcoin’s surge to new all-time highs. Analysts note that corporate treasuries like BitMine’s benefit from these market movements, strengthening their positions in both crypto exposure and long-term strategic growth. These developments highlight growing synergy between institutional investment patterns and emerging decentralized technologies, potentially accelerating adoption across multiple sectors.
BitMine’s continued purchases underscore a growing trend among large corporate entities to integrate digital assets into treasury management, reflecting increasing confidence in Ethereum as both a financial instrument and a technological backbone for emerging blockchain and AI-driven solutions.
