BitMine Immersion Technologies, led by Tom Lee, has rapidly accumulated 833,137 ETH—valued between $2.9B and $3.0B—just 35 days after announcing its Ethereum treasury strategy on June 30, 2025.
This makes BitMine the largest publicly traded Ethereum holder, surpassing SharpLink Gaming, and ranks it as the third-largest corporate crypto holder overall—trailing only MicroStrategy and MARA Holdings.
Major institutional players like Bill Miller III, ARK Invest, Cathie Wood, and Peter Thiel’s Founders Fund are backing BitMine’s bold plan to acquire up to 5% of the total ETH supply.
