BitMine Immersion Technologies (#BitMine ) announced that its reserves exceeded 1.15 million $ETH worth over $4.96 billion as of August 10.

According to the press release, the price of Ethereum at that time was $4311. This makes BitMine the largest holder of the asset in the world and the third largest cryptocurrency treasury after #Strategy and #MARA .

In just a week, the volume of the second largest cryptocurrency in the company's portfolio increased by $2 billion — from $2.9 billion (833,137 ETH) to $4.96 billion (1.15 million ETH).

He added that the company continues to “rapidly pursue the goal of '5% alchemy' for ETH.”

The company launched the ETH treasury strategy on June 30, 2025, and closed it on July 8.

In less than a month and a half, BitMine reached key milestones, becoming a leader in Ethereum volumes and one of the most notable crypto companies on the public market in the USA.