BitMine Becomes No 1 ETH Treasury with $6.6B Holdings

- BitMine now holds 1,523,373 ETH valued at $6.61 billion - The firm aims to secure 5% of Ethereum's total supply According to a report from *The Block* on August 18, 2025, BitMine Immersion Technologies has emerged as the world’s largest corporate holder of Ethereum. The report states the company owns 1,523,373 ETH, valued at approximately $6.61 billion, which makes BitMine the second-largest digital asset treasury globally, behind only MicroStrategy and its bitcoin holdings. BitMine accelerated its Ethereum acquisitions after implementing its treasury strategy in late June 2025. The firm, led by CEO Tom Lee, increased its holdings by $1.7 billion—roughly 373,110 ETH—in the past week alone. In a statement on August 18, BitMine CEO Tom Lee said, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years.” He highlighted institutional adoption and blockchain-integrated AI applications as key drivers of its long-term value. Furthermore, BitMine plans to acquire up to 5% of Ethereum’s total circulating supply, underscoring the company's ambitious strategy and its commitment to the asset. Corporate interest in Ethereum is gaining traction, as companies like SharpLink Gaming and The Ether Machine are also expanding their ETH treasuries to capitalize on its long-term potential. While this trend sparks optimism among proponents, it has also provoked industry debate about Ethereum’s future in corporate finance. According to CoinMarketCap data on August 18, Ethereum (ETH) was priced at $4,322.99 as of 15:08 UTC. The data also showed a 5.08% decline in 24-hour trading volume.