Ethereum treasury firm BitMine Immersion Technologies (BMNR) said its crypto and cash holdings have climbed to $8.82 billion, headlined by 1,713,899 ether valued at roughly $7.9 billion, making it the world’s largest corporate ether holder.
BitMine launched its ether-denominated treasury program in late June and has accelerated purchases in recent weeks, positioning itself as a bellwether for corporate ETH accumulation. On Monday, management reiterated a long-term objective to acquire as much as 5% of ETH’s total supply.
The firm said last week’s purchases took its ether balance up by more than 190,500 tokens from 1.52 million, pushing reported crypto plus cash up by $2.2 billion from $6.6 billion a week earlier. Additionally, its portfolio as of Aug. 24 also included 192 bitcoin and $562 million in unencumbered cash. The firm’s assets have also nearly reached its market capitalization of approximately $9.2 billion.
Corporate ether treasuries have expanded broadly this summer alongside rising institutional interest and spot ETH inflows. ETHZilla, a Peter Thiel-backed Ethereum treasury fund, also increased its holdings to 102,237 ETH and disclosed up to $215 in outstanding cash or cash equivalents.
Another publicly listed ETH buyer, SharpLink Gaming, spent $667 million to expand its stockpile. Public company ETH treasuries now total more than $12 billion and hold over 2% of ether’s roughly 120.7 million-coin supply, The Block’s data dashboard shows.
BitMine calls itself the No. 2 digital-asset treasury globally behind Strategy (MSTR), which now holds about 632,457 BTC after fresh acquisitions. The company also described its stock as one of the most liquid U.S. listings, averaging $2.8 billion in daily trading value, according to the release.
BMNR shares were little changed during pre-market hours, while ETH slipped over 2% to change hands at $4,640, The Block’s price page shows.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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