{"id":46459,"date":"2025-09-09T07:16:32","date_gmt":"2025-09-09T07:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46459"},"modified":"2025-09-09T07:16:32","modified_gmt":"2025-09-09T07:16:32","slug":"bitmines-ethereum-treasury-hits-new-milestone-with-2-million-eth-holdings","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46459","title":{"rendered":"BitMine\u2019s Ethereum Treasury Hits New Milestone With 2 Million ETH Holdings"},"content":{"rendered":"
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BitMine revealed it has increased its Ethereum (ETH) holdings to 2 million ETH over the past few days, achieving a key milestone for the company\u2019s investment strategy and solidifying its position as the largest ETH Treasury in the world.<\/p>\n

1.7% Of Ethereum\u2019s Supply In BitMine\u2019s Treasury<\/h2>\n

On Monday, BitMine, a Bitcoin\u00a0and\u00a0Ethereum\u00a0Network Company with a focus on accumulating crypto\u00a0for long-term investment, announced<\/a> that it has achieved a significant milestone as its crypto and cash holdings have exceeded the $9.21 billion mark following recent purchases.<\/p>\n

According to the announcement, the company now holds 2,069,443 ETH at $4,312, 192 Bitcoin (BTC), and unencumbered cash worth $266 million. This achievement is part of the company\u2019s goal to hold 5% of Ethereum\u2019s total supply, now controlling 1.71%, worth $8.5 billion.<\/p>\n

BitMine\u2019s chairman, Thomas \u201cTom\u201d Lee, stated, \u201cBitMine has surpassed the 2 million\u00a0ETH\u00a0milestone this past week. As we mentioned in our August Chairman\u2019s message, the convergence of both Wall Street moving onto the blockchain and AI\/ agentic-AI creating a\u00a0token\u00a0economy is creating a supercycle for\u00a0Ethereum. And the power law benefits large holders of\u00a0ETH, hence, we pursue the \u2018alchemy of 5%\u2019 of\u00a0ETH.\u201d<\/p>\n

\u201cAt BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock,\u201d Lee added. It\u2019s worth noting that the company became the third-largest crypto treasury and the largest Ethereum Treasury in the world after hitting the 1.15 million ETH milestone just last month.<\/p>\n

Since then, the company has continued to accumulate nearly another million ETH and has become<\/a> the second-largest crypto treasury, now only behind Michael Saylor\u2019s Strategy, which holds 636,505 Bitcoin, worth $71 billion at current prices.<\/p>\n

\u201cWe continue to believe\u00a0Ethereum\u00a0is one of the biggest macro trades over the next 10-15 years,\u201d continued Lee in the announcement. \u201cWall Street and AI moving onto the blockchain should lead to a greater transformation of today\u2019s financial system. And the majority of this is taking place on\u00a0Ethereum.\u201d<\/p>\n

Strengthening ETH\u2019s Ecosystem<\/h2>\n

BitMine also revealed it has made a\u00a0$20 million\u00a0strategic investment into Eightco Holdings Inc. (NASDAQ:\u00a0OCTO) as part of OCTO\u2019s\u00a0$270 million\u00a0private investment in public equity (PIPE). On September 8, Eightco announced it plans to adopt Worldcoin (WLD), an ERC20 asset, as its primary treasury holding.<\/p>\n

Notably, the strategic investment marks the start of the company\u2019s \u201cMoonshot\u201d strategy, which aims to allocate around 1% of BitMine\u2019s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders.<\/p>\n

According to the statement, BitMine is now one of the most widely traded stocks in the US, with an average daily volume<\/a> of $1.7 billion, according to 5-day average data from Fundstrat.<\/p>\n

The company\u2019s stock has also been favored by international retail investors over the past few months, with hundreds of millions of dollars being poured into BitMine, which is seen as a proxy for Ethereum.<\/p>\n

As reported<\/a> by Bitcoinist, South Korean investors purchased $259 million worth of Bitmine stock in July, amid a shift from big US Tech companies\u2019 stock to crypto-related equities. This made the company the most purchased foreign security stock, according to Korea Securities Depository data. The trend continued in August as South Korean individual investors sold approximately $657 million of Tesla stock while investing $426 million into BitMine.<\/p>\n

\"Ethereum,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BitMine revealed it has increased its Ethereum (ETH) holdings to 2 million ETH over the past few days, achieving a key milestone for the company\u2019s investment strategy and solidifying its position as the largest ETH Treasury in the world. 1.7% Of Ethereum\u2019s Supply In BitMine\u2019s Treasury On Monday, BitMine, a Bitcoin\u00a0and\u00a0Ethereum\u00a0Network Company with a focus […]<\/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-46459","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\/46459","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=46459"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46459\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}