BitMine Hits 1M ETH Treasury Milestone, Outpaces Competitors

- BitMine surpasses the 1 million ETH milestone, redefining corporate treasuries. - Strong investor confidence sends BMNR shares rallying to $64.35. On August 11, 2025, BitMine Immersion Technologies (BMNR) became the first publicly traded company to surpass the 1 million ETH treasury milestone. The company now holds 1.2 million ETH, positioning itself as a leader in institutional crypto adoption. This move highlights its commitment to using Ethereum as a reserve asset for strategic and financial goals. BitMine’s chairman, noted Wall Street strategist Tom Lee, spearheads this effort. The company aims to eventually own 5% of Ethereum’s circulating supply and is pursuing this goal through large-scale purchases, having recently added over 317,000 ETH to its holdings. The company’s ETH acquisition strategy has attracted positive investor sentiment, propelling BMNR’s stock price to a one-month high of $64.35. With daily trading volumes reaching $2.2 billion, the stock is now the 25th most liquid U.S.-based share. This strategy aligns with the broader market trend where investors use ETH to generate predictable returns through staking and decentralized finance (DeFi) applications. Meanwhile, SharpLink Gaming is also aggressively building its Ethereum treasury. The company recently added 79,600 ETH to its holdings and announced $400 million in new capital to further expand its reserves. As a result, SharpLink’s ETH treasury now stands at approximately 598,800 ETH, and the company has also allocated a reported $600 million in cash for future purchases. Reflecting investor confidence, SharpLink’s stock (SBET) rose from $17.18 in early August to $27.24. The actions of BitMine and SharpLink show a growing corporate interest in diversifying treasuries with digital assets like Ethereum, Solana (SOL), and other cryptocurrencies. Companies increasingly embrace these assets for their ability to generate passive income, a trend that also reflects expanding institutional acceptance of digital assets within financial markets. This corporate buying activity occurred as Ethereum's price showed resilience. According to CoinMarketCap, on August 11, Ethereum (ETH) was trading at $4,282.87 as of 18:09 UTC, with its 24-hour trading volume up by 1.33%.