BitMine Adds 373K ETH, Becomes Largest Corporate Ethereum Holder

BitMine added 373,000 ETH in a week, lifting its corporate treasury value to $6.6 billion.

With 1.52 million ETH, BitMine now holds the world’s largest Ethereum corporate treasury.

The firm aims to secure 5% of Ethereum’s supply, backed by ARK and Pantera Capital.

BitMine Immersion Technologies has added 373,000 Ethereum tokens to its corporate treasury within one week. The acquisition, valued at $1.7 billion, has brought the company’s total ETH holdings to 1.52 million tokens. This positions the Las Vegas-based firm as the world’s largest corporate holder of Ethereum.

Following the addition, BitMine's Ethereum reserves are now valued at $6.6 billion. The firm’s treasury expansion places it as the second-largest corporate crypto holder globally, trailing only Strategy, which holds a $74 billion Bitcoin reserve. BitMine’s treasury growth reflects a shift in institutional attitudes toward long-term crypto asset accumulation.

Institutional backing fuels ETH strategy

Backed by prominent investors such as ARK Invest and Pantera Capital, BitMine aims to acquire up to 5% of Ethereum’s total circulating supply. This target would give the company significant influence over ETH liquidity and potentially position it as a key on-ramp for institutional Ethereum exposure. The strategy represents a long-term institutional pivot into blockchain-based financial infrastructure.

According to BitMine, recent U.S. regulatory efforts, including the GENIUS Act and the SEC’s Project Crypto, have strengthened the environment for institutional crypto adoption. These developments are seen as paving the way for wider market participation and long-term capital deployment into Ethereum.

Liquidity cycle boosts capital efficiency

BitMine’s stock, which now ranks among the top 10 most liquid equities on U.S. markets with $6.4 billion in daily trading volume, plays a central role in its accumulation approach. Increased investor activity around its stock generates the liquidity necessary for further ETH acquisitions, reinforcing its treasury expansion model.

Chairman Tom Lee stated that Ethereum is seen as one of the most promising macro investment plays over the next decade. He added that as Wall Street and artificial intelligence firms begin leveraging blockchain technology, Ethereum’s position as a foundational layer will only become more relevant.

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