BitMine Immersion Technologies is a publicly traded Bitcoin mining company and Ethereum treasury, indicating it holds nearly 1.9 million ETH—far exceeding 1.5% of all circulating Ethereum.
According to a Tuesday announcement, BitMine holds 1,866,974 Ethereum (ETH) or nearly 1.55% of the total ETH supply, 192 Bitcoin (BTC), and $635 million in cash without liabilities. This brings the total capital to $8.98 billion.
According to Strategic ETH Reserve data, BitMine is currently the largest corporate Ethereum treasury in the world, with its ETH holdings valued at over $8.1 billion. The second-largest treasury is SharpLink Gaming, which holds 797,700 ETH, valued at approximately $3.43 billion.
The market seems to have reacted positively to this announcement, with Google Finance data showing that as of the time of writing, the stock was trading at $44.13, up 1.12% for the day. The stock has also risen nearly 41% over the past month, up from $31.13 on August 4.
This news comes during a highly active period for BitMine. Last month, Cathie Wood's ARK Invest purchased an additional $15.6 million in BitMine Immersion Technologies stock, bringing its total investment in the company to over $300 million.
Previously, Tom Lee, managing partner of Fundstrat Global Advisors and chairman of BitMine, stated on August 26 that Ethereum prices were about to hit bottom. However, Ethereum prices are still down about 2.5% from the price reported on August 26.
Lee's comments came after BitMine added 373,000 Ethereum to its treasury within a week earlier in August, during which its stock price fell by 14.2%.
Ethereum treasuries have recently gained significant attention. According to a report released on Tuesday, Hong Kong-listed Yunfeng Financial Group, associated with Alibaba founder Jack Ma, acquired 10,000 ETH, valued at approximately $44 million.
Today's report also indicates that the crypto company The Ether Machine raised $654 million in a private financing round, collecting 150,000 Ethereum from prominent Ethereum advocate Jeffrey Berns.
Related: The Top 10 Crypto CEOs with the Highest Net Worth in 2025: Who is Leading the Industry?
Original: “Bitmine now holds 1.86 million ETH, about 1.55% of the total Ethereum supply”
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