🚨 BitMine Just Went All In on Ethereum $2.9 Billion Worth!

Big moves from BitMine Immersion Technologies (NYSE: BMNR) led by none other than Tom Lee, co-founder of Fundstrat. Starting June 30, 2025, BitMine kicked off a massive ETH buying spree… and the numbers are wild.

In just 35 days, they have scooped up 833,137 ETH that is about $2.9 billion worth!

This makes BitMine the largest publicly traded Ethereum holder in the world, jumping ahead of SharpLink Gaming and ranking #3 overall in crypto treasuries right behind MicroStrategy and MARA Holdings.

🧠 Here’s What’s Wild:

BitMine now holds 0.7% of all ETH in circulation 🌐

Their goal? To eventually own up to 5% of Ethereum’s total supply through treasury + staking

Backed by big names:

Bill Miller III, Cathie Wood’s ARK Invest and Peter Thiel’s Founders Fund

They re also launching a $1 billion stock buyback a strong signal of confidence in their ETH bet

Once staking begins, BitMine expects big earnings shifts thanks to Ethereum’s passive yield model

Tom Lee calls this bold vision the “Alchemy of 5%” a strategy to build wealth by blending crypto with capital strength and strong liquidity.

🟢 Why It Matters:

BitMine is not just stacking ETH they are building a longterm crypto yield machine.

More and more institutions are waking up to Ethereum’s power and BitMine’s aggressive moves could be the spark for the next wave of corporate ETH adoption.

#Ethereum #ETH #CryptoNews

$ETH