BitMine becomes world’s largest ETH treasury with $2.9B in holdings after acquiring 833,137 ETH in just 35 days with bold ambition.
Backed by Bill Miller III, ARK, and Pantera, BitMine's ETH strategy gains institutional traction as it targets 5% of total ETH supply.
BitMine's $1.6B daily stock volume and upcoming ETH staking signal aggressive growth as it mirrors MicroStrategy's early BTC path.
A major shakeup just hit the crypto markets as BitMine Immersion Technologies (NYSE AMERICAN: BMNR) made a staggering move. The company bought an additional 208,137 ETH worth $757.5 million. This acquisition makes BitMine the largest Ethereum (ETH) treasury holder in the world.
The company’s total ETH holdings now stand at 833,137 ETH, valued at over $2.9 billion as of August 3rd, 2025. This bold move took just 35 days to execute, creating a wave of institutional excitement.
The purchase happened as BitMine races toward a bold goal: acquiring 5% of the total ETH supply. The move positions BitMine as the third-largest crypto treasury globally—only behind MicroStrategy and Marathon Digital Holdings. This news also propelled BitMine into the spotlight as the 42nd most traded stock in the U.S., with a daily trading volume averaging $1.6 billion.
Institutional Titans Back BitMine’s ETH Play
BitMine’s aggressive strategy attracted high-level backers. Iconic investor Bill Miller III has taken a significant stake in the company. He now joins a powerful lineup including Cathie Wood’s ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital.
"I first invested in Microstrategy in late 2020... BitMine is set to be very profitable once the Company turns on ETH staking," said Miller.
Moreover, Thomas “Tom” Lee, Chairman of BitMine and a renowned crypto bull, emphasized their strategy. “BitMine moved with lightning speed… growing our ETH holdings to over 833,000 from zero in 35 days,” Lee said.
BitMine launched its Ethereum treasury strategy on June 30, and closed its initial phase by July 8. This rapid action shows strong intent to dominate Ethereum infrastructure as Wall Street moves toward blockchain-backed financial systems.
Staking and Liquidity Bring Added Value
Besides treasury expansion, BitMine plans to begin ETH staking soon. This will introduce a consistent source of revenue. Additionally, the company’s operations in low-cost regions like Texas and Trinidad give it a major energy advantage.
BitMine’s explosive growth and high liquidity have created serious buzz. Its performance mirrors the early days of MicroStrategy’s Bitcoin play. With ETH staking ahead and institutional firepower backing it, BitMine may just be setting the new standard for crypto treasury strategies.
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