0
0
Generated News

BitMine Adds 208K ETH to Treasury, Reclaiming Largest Holder Title

BitMine's recent ether acquisitions have taken the firm's holdings near $3 billion.
0
0
Aug 4, 2025 • 1 min read

BitMine said its Ethereum holdings reached 833,000 ETH as of August 4, making it the largest public ETH treasury globally. The company added 208,000 ETH since its last disclosure just two weeks earlier.

What’s the Scoop?

  • $2.9B ETH Treasury: BitMine's ETH stack grew to 833,000 tokens, worth over $2.9 billion, overtaking SharpLink and The Ether Machine. The firm added 208,000 ETH valued at $739 million since late July, continuing a breakneck pace of acquisition.
  • Investor Lineup Grows: Bill Miller III joined as a top backer, alongside ARK Invest and Founders Fund. ARK has purchased $52.3 million in BMNR stock.
  • Capital Raise Strategy: BitMine moved from a $250 million PIPE to nearly $3 billion in ETH in just over a month by issuing equity and convertibles.
  • 5% ETH Goal: Chairman Tom Lee reaffirmed BitMine's ambition to secure 5 percent of total ETH.

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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.