Key Takeaways
BitMine now holds over $6.6 billion in crypto, including 1.52 million ETH and 192 BTC, making it the second-largest crypto treasury.
Thomas โTomโ Lee said BitMine continues to lead peers in crypto NAV growth and liquidity.
Share this article
BitMine Immersion Technologies, which ranks as the biggest Ethereum treasury under Thomas โTomโ Lee, disclosed Monday that its crypto holdings have surpassed $6.6 billion, including more than 1.5 million ETH and 192 Bitcoin.
Within a week, BitMine increased its Ethereum trove by 373,110 units, rising from over 1 million, while its Bitcoin holdings showed no change. The NYSE-listed firm aims to own 5% of the total Ether supply.
BitMine now ranks as the second-largest global crypto treasury, behind Strategy, which holds 629,376 BTC valued at $72 billion following the latest acquisition.
Commenting on the firmโs rapid accumulation, Lee said institutional investors are backing BitMineโs pursuit of 5% of Ethereum supply. He added that the firm continues to outpace peers in growing crypto NAV per share and stock liquidity.
โWe continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,โ Lee added. โWall Street and AI moving onto the blockchain should lead to a greater transformation of todayโs financial system. And the majority of this is taking place on Ethereum.โ
The companyโs stock has reached significant trading volumes, with a 5-day average daily dollar volume of $6.4 billion as of August 8, 2025, ranking 10th among US-listed stocks, ahead of JPMorgan and Alphabet.
BitMineโs institutional investors include ARKโs Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
Share this article
Be the first to comment