BitMine Becomes Top Corporate ETH Holder With $8.1B Treasury

- BitMine now holds 1,866,974 ETH, 1.55% of total supply. - Company stock surges 41% over past month following announcement. On September 2, 2025, BitMine Immersion Technologies announced that it is now the world's largest corporate Ether holder. Its Ethereum reserves total 1,866,974 ETH, which represents approximately 1.55% of the total circulating supply. These Ether holdings alone have a market valuation exceeding $8.1 billion. This positions BitMine well ahead of the next-largest holder, SharpLink Gaming, which holds 797,700 ETH valued at $3.43 billion. Cointelegraph reported on September 2 that BitMine’s total capital now exceeds $8.98 billion, including its Bitcoin and cash reserves. The stock market responded positively to the company's aggressive Ether accumulation strategy. On the day of the announcement, BitMine's share price increased 1.12%, closing at $44.13. The company's stock has surged nearly 41% over the past month. Recent high-profile moves further bolster BitMine’s leadership in the crypto market. In a single week in August, the company added 373,000 ETH to its treasury. During the same period, ARK Invest, led by Cathie Wood, increased its stake in BitMine by purchasing $15.6 million worth of shares. This purchase brought its total investment in the company to over $300 million. These actions highlight growing institutional confidence in Ethereum as a corporate treasury asset. The broader market trend reflects similarly aggressive strategies from other corporations increasing their Ether reserves. Yunfeng Financial Group, a company linked to Alibaba founder Jack Ma, acquired 10,000 ETH valued at $44 million to strengthen its Web3 initiatives. Separately, The Ether Machine secured $654 million in financing to support its planned Nasdaq listing. This financing included 150,000 ETH from Ethereum advocate Jeffrey Berns. According to CoinMarketCap, Ethereum (ETH) was trading at $4,329.43 as of 15:09 UTC on September 2. Its 24-hour trading volume had decreased by 1.412%.