Who controls Ethereum now? BitMine’s $1b ETH holdings surpass Vitalik’s foundation

Posted On July 17, 2025

BitMine now holds 300,657 ETH worth $1 billion, eclipsing the Ethereum Foundation’s $665 million holdings. This corporate accumulation raises new questions about influence over Ethereum’s future direction. On July 17, BitMine Immersion announced that its Ethereum (ETH) holdings had surpassed…