On the social platform X, the account Onchain Lens said it uncovered the latest haul by Bitmine (NYSE: BMNR) this week. “Bitmine (@BitMNR) has received 46,255 ETH, valued at $201M, from Bitgo,” the post read. “They now hold a total of 2,126,018 ETH, worth $9.24B.”

Three ethereum addresses were also flagged through Arkham Intelligence’s onchain explorer. Strategicethreserve.xyz (SER) data highlights that official figures previously put the firm’s balance at 2.07 million ETH valued at $9.1 billion. With either 2.07 million or 2.12 million, Bitmine stands as the largest ETH treasury firm by a wide margin.

The second-largest holder, Sharplink (Nasdaq: SBET), manages 837,230 ETH, leaving Bitmine’s stash about 1.28 million ETH greater. At present, SER data indicates roughly 17 public entities collectively hold more than 3.8 million ETH, valued at $16.71 billion, representing 3.14% of the total supply.

While bitcoin treasury firms have slowed their pace of accumulation, alternative crypto asset treasury strategies have been gaining momentum. As of 10 a.m. Eastern on Thursday, BMNR shares are up more than 7% against the greenback.

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