{"id":41828,"date":"2025-08-12T21:16:48","date_gmt":"2025-08-12T21:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41828"},"modified":"2025-08-12T21:16:48","modified_gmt":"2025-08-12T21:16:48","slug":"tom-lees-bitmine-becomes-first-ethereum-treasury-to-accumulate-1000000-eth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41828","title":{"rendered":"Tom Lee\u2019s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH\u00a0"},"content":{"rendered":"<div>\n<p>Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury.<\/p>\n<p>On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion.<\/p>\n<p>It added that this total is 317,126 more than a week ago, and the treasury value is around $2 billion higher relative to that period.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/4<br \/>\nBitMine today announced ETH holdings of 1,150,263 tokens:<\/p>\n<p>\u2013 ETH holdings of 1,150,263 is valued at $4.9 billion ($4,300 ETH)<br \/>\n\u2013 317,126 more ETH than a week ago<br \/>\n\u2013 $2.0 billion higher than a week ago<\/p>\n<p>link <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26d3.png\" alt=\"\u26d3\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">:<a href=\"https:\/\/t.co\/o0YJ7yqrjs\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/o0YJ7yqrjs<\/a><\/p>\n<p>\u2014 Bitmine BMNR (@BitMNR) <a href=\"https:\/\/twitter.com\/BitMNR\/status\/1955011293125193732?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Treasurys on Fire<\/h2>\n<p>Bitmine launched its ETH treasury strategy on June 30 and has passed several key milestones since then, including becoming the largest Ether treasury in the world.<\/p>\n<p>With almost $5 billion in holdings, it also ranks as the world\u2019s third-largest crypto treasury, behind only Strategy and Mara Holdings.<\/p>\n<blockquote>\n<p>\u201cIn just a week, Bitmine increased its ETH holdings by $2 billion to $4.96 billion, lightning speed in the company\u2019s pursuit of the \u2018alchemy of 5%\u2019 of ETH,\u201d said Tom Lee of Fundstrat, and chairman of Bitmine\u2019s Board of Directors.<\/p>\n<\/blockquote>\n<p>The firm has the largest share of overall ETH treasury holdings with 34% of a total of 3.49 million ETH. The next closest is SharpLink, which has just under 600,000 ETH, or around 17%.<\/p>\n<p>Ethereum treasury companies, of which there are only 12, now hold 2.9% of the entire supply of the asset. Meanwhile, spot Ether ETFs hold around 5% of the total circulating supply.<\/p>\n<p>Bitmine (BMNR) is now one of the most widely traded stocks in the US, according to data from Fundstrat, which reported that the it has generated an average daily dollar volume of $2.2 billion.<\/p>\n<p>Its value has skyrocketed more than 1,300% since it started stacking and staking ETH and is also up 14.7% from Monday, reaching $60 in after-hours trading, according to Google Finance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The crazy mf actually did it.<\/p>\n<p>Tom Lee is the first to 1m ETH.<\/p>\n<p>New buys revealed show 1.2m ETH ($5 billion).<\/p>\n<p>In one month he\u2019s made it 20% of the way to his goal to acquire 5% of all ETH supply.<\/p>\n<p>12x faster than Saylor.<\/p>\n<p>We are past the moon headed toward the andromeda galaxy. <a href=\"https:\/\/t.co\/dlvf1tUmxv\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/dlvf1tUmxv<\/a><\/p>\n<p>\u2014 RYAN S\u039eAN ADAMS \u2013 rsa.eth (@RyanSAdams) <a href=\"https:\/\/twitter.com\/RyanSAdams\/status\/1954876419261010119?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Holds Its Ground<\/h2>\n<p>Ether prices <a href=\"https:\/\/cryptopotato.com\/total-crypto-market-cap-hits-new-all-time-high-as-ethereum-flips-mastercard\/\" data-wpel-link=\"internal\">hit<\/a> a three-and-a-half-year high of $4,350 on Monday, a level <a href=\"https:\/\/cryptopotato.com\/ethereum-explodes-to-2021-peaks-bitcoin-eyes-ath-market-watch\/\" data-wpel-link=\"internal\">not seen<\/a> since the bull market in late 2021.<\/p>\n<p>It retreated to $4,200 in the hours that followed but managed to reclaim $4,300 during the Tuesday morning Asian trading session, indicating that the rally may not be over yet.<\/p>\n<p>ETH is now just 12% away from its all-time high, almost four years ago.<\/p>\n<p>Meanwhile, Ether spot ETFs have seen their highest inflow since inception at just over $1 billion on Monday.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/tom-lees-bitmine-becomes-first-ethereum-treasury-to-accumulate-1000000-eth\/\">Tom Lee\u2019s Bitmine Becomes First Ethereum Treasury to Accumulate 1,000,000 ETH\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies has become the first corporation to accumulate more than a million ETH for its strategic treasury. On Monday, the firm announced that its ETH holdings had reached 1.15 million tokens worth around $4.9 billion. It added that this total is 317,126 more than a week ago, and the treasury value is around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41828","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41828"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41828\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}