BitMine Boosts Ethereum Holdings to $9.7 Billion, Eyes 5% of Total ETH Supply

By Marco Piccolo

BitMine expands ETH holdings amid treasury pivot

BitMine Immersion Technologies (BMNR), the Las Vegas-based digital asset treasury firm, has significantly increased its Ethereum holdings, now owning 2,151,676 ETH valued at $9.7 billion. The company added 82,233 ETH in the past week alone, according to a press release issued Monday.

In addition to its ETH treasury, BitMine holds 192 BTC (worth nearly $22 million), $569 million in unencumbered cash, and a $214 million equity stake in Eightco (OCTO), a crypto treasury firm focused on the Worldcoin ecosystem. This stake has appreciated more than tenfold from an initial $20 million investment, highlighting BitMine’s strategic interest in what it terms “moonshot” opportunities in the digital asset sector.

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BitMine provided its latest holdings update:
$10.771 billion in total crypto + “moonshots”
– 2,151,676 ETH at $4,632 per $ETH tokens
– 192 $BTC coins
– $214 million Eightco stake (NASDAQ-$ORBS)
– unencumbered cash $569 million

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— Bitmine (NYSE-BMNR) $ETH (@BitMNR) September 15, 2025

Corporate treasury model mirrors Bitcoin-first strategies

BitMine’s approach mirrors the strategy pioneered by MicroStrategy, now rebranded as Strategy, which shifted its corporate focus to Bitcoin accumulation in 2020. With over $10.7 billion in digital assets and cash, BitMine is now the second-largest public corporate holder of a cryptocurrency, trailing only Strategy‘s $73 billion in Bitcoin holdings.

CEO Tom Lee, who also serves as Managing Partner at Fundstrat Global Advisors, has positioned BitMine to capitalize on what he calls a “supercycle” for Ethereum. He cites the convergence of Wall Street blockchain adoption and the rise of agentic AI as key drivers of Ethereum’s future growth. Lee stated.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”

Since pivoting its strategy in May to focus on Ethereum, BitMine has set a bold target: acquiring 5% of the total ETH supply. With institutional appetite for Ethereum on the rise, BitMine’s accumulation strategy reflects broader trends in digital asset treasuries seeking exposure beyond Bitcoin.

Source:: BitMine Boosts Ethereum Holdings to $9.7 Billion, Eyes 5% of Total ETH Supply