BitMine’s 1.87 Million Ether Holdings May Make It the Largest Corporate ETH Treasury

• Largest corporate ETH treasury

• Holdings: 1,866,974 ETH, 192 BTC, $635M cash; combined capital ≈ $8.98B

• Market reaction: stock up ~1.12% intraday and ~41% month-to-date

BitMine Ether holdings: 1,866,974 ETH (~1.55% of supply). Read how this reshapes corporate Ether treasuries — latest numbers and market impact.

BitMine Immersion Technologies, the world’s largest corporate Ether holder, said it holds 1.87 million ETH — more than 1.5% of the total supply.

BitMine Immersion Technologies, a publicly traded Bitcoin mining company that has been building an Ether treasury, announced holdings totaling 1,866,974 ETH, alongside 192 BTC and $635 million in unencumbered cash.

BitMine Immersion Technologies Ether holdings chart. Source: Strategic ETH Reserve

What are the exact holdings and total capital reported by BitMine?

BitMine reported 1,866,974 Ether, 192 Bitcoin and $635 million in cash. Using prevailing market values at the time of the announcement, the company calculated combined capital of approximately $8.98 billion.

Strategic ETH Reserve data, cited by the company, places BitMine at the top of corporate Ether treasuries by ETH count. The second-largest corporate ETH treasury holds 797,700 ETH, per the same dataset.

How did markets react to BitMine’s disclosure?

Markets reacted positively on the announcement day: the company’s stock traded at $44.13 at the time of reporting, a 1.12% intraday gain and roughly a 41% rise over the prior month from $31.13 on Aug. 4.

BitMine Immersion Technologies’ stock price chart. Source: Google Finance

Why has BitMine been accumulating Ether?

BitMine increased Ether holdings amid an aggressive accumulation phase, adding 373,000 ETH during a single week in August while its shares fell 14.2% over the same period. The treasury strategy appears designed to allocate corporate capital toward long-term exposure to Ethereum.

Institutional interest has followed: ARK Invest, led by Cathie Wood, added to its BitMine position, bringing its stake to over $300 million. Fundstrat managing partner and BitMine chairman Tom Lee publicly suggested that Ether’s price was nearing a bottom on Aug. 26.

Ethereum seven-day chart. Source: CoinMarketCap

How are Ether treasuries evolving across public companies?

Corporate Ether treasuries are expanding. Recent reports show other listed entities acquiring substantial ETH: for example, a Hong Kong-listed firm with links to Jack Ma reportedly acquired 10,000 ETH, and a private financing round raised $654 million, including 150,000 ETH from a prominent Ethereum advocate.

These transactions reflect broader institutional allocation to Ether and the rise of corporate treasuries as strategic reserves.

Frequently Asked Questions

How significant is 1.55% of circulating Ether?

Holding roughly 1.55% of circulating ETH marks a material concentration for a single corporate entity. It can affect perceived supply dynamics and investor sentiment but does not directly control price absent active selling.

Does BitMine’s treasury include locked or encumbered assets?

BitMine reported its $635 million as unencumbered cash. The company specified ETH and BTC balances without indicating encumbrances on the disclosed crypto holdings.

Key Takeaways

• Largest corporate ETH treasury: BitMine holds 1,866,974 ETH (~1.55% of supply).
• Combined capital: 192 BTC and $635M cash bring total assets to about $8.98B.
• Market impact: Stock moved higher intraday and showed significant month-to-date gains after disclosures.

Conclusion

BitMine Immersion Technologies’ disclosure that it holds 1,866,974 ETH solidifies its position as the largest corporate Ether treasury. The move highlights increasing institutional allocation to Ether and raises questions about corporate balance-sheet strategies. Watch for further corporate disclosures and market response as treasuries grow.

Published: 2025-09-02 — Updated: 2025-09-02

Author/Organization: COINOTAG

Sources cited in reporting: Strategic ETH Reserve, Google Finance, CoinMarketCap, company announcement, ARK Invest and Fundstrat statements (all referenced as plain text; no external links included).