BitMine and BTCS raise Ethereum treasury to over 550 million USD

The two companies BitMine Immersion and BTCS Inc. continue to strengthen their Ethereum (ETH) treasury strategy with the latest purchase, raising the total holdings to 192,264 $ETH worth nearly 600 million USD at current prices.

BitMine leads with over 500 million USD in ETH

#Bitmine has just announced raising the total number of ETH held to 163,142 ETH, valued at approximately 500 million USD. This figure doubled just 5 days after BitMine completed a 250 million USD fundraising round. BitMine aims to optimize ETH per share through reinvestment, staking, and taking advantage of price volatility. Chairman Thomas “Tom” Lee believes that an ETH treasury accounting for 5% of the supply will benefit greatly, similar to Bitcoin's strategy.

BTCS expands and optimizes profits

#BTCS Inc. also increased its Ethereum treasury to 29,122 ETH, worth about 87.3 million USD, raising the total value of crypto and cash assets to 96.3 million USD. CEO Charles Allen stated that BTCS has raised 62.4 million USD since the beginning of 2025, helping the amount of ETH increase by 221%. BTCS is currently staking 4,160 ETH through Rocket Pool, 6,300 ETH through a personal validator, and using 14,280 ETH as collateral on Aave, generating record revenue from Ethereum infrastructure.

This information has helped BitMine's BMNR stock rise 15% in pre-market trading and increase by 900% in the last month, reaching 47.2 USD per share.