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Another Week, Another Buy: BitMine Stacks 234K ETH

BitMine scoops up one quarter of SharpLink ETH reserves in one week; holdings now triple those of closest competitor.
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Sep 29, 2025 • 1 min read

BitMine Immersion's Ethereum treasury has surged past 2.65M ETH ($10.8B) following its latest acquisitions. BitMine holdings now triple those of the next closest ETH treasury competitor and total to approximately $11.6B.

What’s the Scoop?

  • New Acquisition: Over the past week BitMine purchase 234,846 ETH, worth about $962M, boosting its total stash to 2.65M ETH.
  • Portfolio Breakdown: Alongside ETH, the company holds 192 BTC ($21.5M), a $157M stake in WLD treasury firm Eightco, and $436M in cash.
  • Dominant Position: BitMine’s ETH holdings equal ~2.2% of Ethereum’s circulating supply, well ahead of SharpLink (838,730 ETH) and The Ether Machine (495,360 ETH).
  • Crypto Treasury Rankings: The firm is the largest ETH treasury company and second overall in crypto, trailing only Strategy, Michael Saylor’s BTC-heavy firm with 640,031 BTC ($71.8B).

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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