BitMine ETH holdings total 2.416 million ETH — over 2% of Ethereum’s supply — and are valued at about $10.1 billion; the company raised $365 million via a share and warrant offering to expand its ETH treasury.
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BitMine controls 2.416M ETH (~2% of supply)
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Raised $365M through share sale plus warrants that could add $913M if exercised
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Corporate treasury value: ETH holdings ~$10.1B; total assets ~$11.4B
BitMine ETH holdings: 2.416M ETH (~2% supply), $10.1B value; BitMine raised $365M to expand reserves — read the breakdown and key takeaways.
Top ETH treasury BitMine Immersion Technologies announced $365 million in new funding and revealed it now holds 2.416 million ETH — over 2% of the total supply.
BitMine Immersion Technologies, a crypto treasury company focused on Bitcoin and Ether, says it controls more than 2% of Ether’s total supply after amassing 2.4 million ETH.
The company disclosed Monday that its Ether (ETH) holdings are valued at about $10.1 billion, making it the largest corporate ETH treasury worldwide. It also announced a new fundraising initiative aimed at pushing its reserves even higher.
BitMine reported that it acquired ETH at an average price of nearly $4,500, about 7.25% above the current market price of $4,200.
Bitmine ETH holdings chart. Source: Strategic ETH Reserve
What are BitMine’s ETH holdings and corporate treasury value?
BitMine ETH holdings now stand at 2.416 million ETH, representing over 2% of total supply. The firm values those holdings at approximately $10.1 billion and reports total assets — including equity and cash — of about $11.4 billion.
How did BitMine raise $365 million and what are the terms?
BitMine sold roughly 5.22 million shares at $70 each, a 14% premium to its Sept. 19 closing price, and issued 10.4 million warrants exercisable at $87.50. Immediate proceeds were about $365 million; full exercise of warrants could add roughly $913 million.
Who commented on the fundraising and why does BitMine say it matters?
BitMine Chairman Thomas Lee framed the premium pricing as a sign of institutional confidence. He stated the proceeds will be used to expand the company’s Ether reserves amid growing convergence of blockchain adoption and token economies.
How does BitMine compare with other corporate treasuries?
Strategic ETH Reserve data lists BitMine as the largest corporate ETH treasury. SharpLink Gaming, led by an Ethereum co-founder, holds 838,150 ETH. For broader context, Strategy (a separate treasury) holds 639,835 BTC, worth over $74 billion on Monday.
| Entity | Asset | Holding | Estimated value |
|---|---|---|---|
| BitMine Immersion Technologies | ETH | 2,416,000 ETH | ~$10.1B (ETH only) |
| SharpLink Gaming | ETH | 838,150 ETH | — |
| Strategy | BTC | 639,835 BTC | ~$74B (BTC only) |
Why are institutions buying crypto treasuries?
Institutional buyers view corporate crypto treasuries as a way to gain exposure to digital-asset upside while maintaining a corporate structure. Recent interest includes notable purchases such as Cathie Wood’s ARK Invest acquiring shares in BitMine earlier in September.
Public companies are reportedly raising hundreds of millions in capital for crypto strategies, which signals ongoing institutional allocation into on-chain assets and treasury-style reserves.
When did BitMine make prior ETH purchases?
Earlier in September, BitMine disclosed a $200 million ETH purchase that added 46,255 ETH to its balance sheet. The company also disclosed a prior $65 million buy and reported holding about 1.5% of all Ether supply on Sept. 2 before the most recent accumulation.
Frequently Asked Questions
How much ETH does BitMine hold now?
BitMine holds 2.416 million ETH — over 2% of total Ether supply — valued at roughly $10.1 billion based on the company’s disclosure.
What did BitMine raise and how will it be used?
BitMine raised approximately $365 million from a share sale and issued warrants that could raise another $913 million if exercised; the proceeds are earmarked to expand ETH reserves.
Is BitMine the largest corporate ETH treasury?
According to Strategic ETH Reserve data, yes — BitMine is currently the top corporate Ether treasury, ahead of SharpLink Gaming.
Key Takeaways
- Size: BitMine controls 2.416M ETH, over 2% of supply.
- Funding: Raised $365M via share sale; warrants could add $913M.
- Strategy: Proceeds will expand ETH reserves, signaling institutional interest.
Conclusion
BitMine ETH holdings position the company as the largest corporate ETH treasury, backed by a $365 million financing round to accelerate accumulation. Institutional activity, including purchases by ARK Invest, underlines growing corporate and investor appetite for large-scale crypto treasuries. Watch for updates as warrants are exercised and reserves evolve.
