BitMine expanded its Ethereum treasury to 1,575,848 ETH (about $6.6B) after rapid purchases, including 52,475 ETH bought in 40 minutes, confirming BitMine’s lead in ETH holdings and an institutional-level commitment to long-term Ethereum exposure.
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Largest Ethereum treasury:
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BitMine now holds 1,575,848 ETH valued at roughly $6.6 billion.
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Added 373,110 ETH last week; bought 52,475 ETH in 40 minutes, per Lookonchain.
BitMine Ethereum treasury expands to 1,575,848 ETH (~$6.6B) after rapid buys; read the update and market reaction. Stay informed with COINOTAG.
BitMine expands its Ethereum treasury to $6.6B with rapid purchases, reinforcing its leadership in crypto and long-term ETH strategy.
- BitMine boosts its Ethereum lead with $220M purchase, taking its total holdings to 1.57M ETH worth $6.6B in record speed.
- The company added 373K ETH last week and now controls the world’s largest ETH treasury while ranking second in crypto overall.
- Despite stock dips, BitMine’s bold ETH strategy signals strong belief in Ethereum as the backbone of finance and blockchain growth.
What is BitMine’s Ethereum treasury expansion?
BitMine Ethereum treasury refers to the company’s cumulative ETH holdings, which now total 1,575,848 ETH valued at approximately $6.6 billion after a rapid $220M buy of 52,475 ETH. This move cements BitMine as the world’s largest ETH treasury and the second-largest crypto treasury by value.
How did BitMine execute the rapid 52,475 ETH purchase?
BitMine bought 52,475 ETH (about $220 million) in roughly 40 minutes, according to Lookonchain. The acquisition was part of an accelerated accumulation plan launched on June 30. Previously disclosed buys included 373,110 ETH worth $1.62 billion in the prior week, driving the company from ~1.15M to ~1.52M ETH in seven days.
Why is BitMine’s strategy significant for the market?
BitMine’s aggressive ETH accumulation signals institutional confidence in Ethereum’s long-term role in finance and blockchain infrastructure. Chairman Thomas “Tom” Lee described the pace as raising crypto NAV per share and cited institutional interest supporting the firm’s “alchemy of 5%” objective for ETH exposure.
When did BitMine launch its ETH Treasury strategy and what milestones followed?
BitMine launched the ETH Treasury strategy on June 30 and closed its first phase by July 8. Within six weeks the company achieved rapid milestones: adding more than 373,000 ETH in a single week and passing $6.6 billion in crypto holdings on August 17, including 1,523,373 ETH and 192 BTC.
Market reaction and performance metrics
Markets showed mixed responses. Ethereum traded near $4,181.54, down about 1.25% in 24 hours, while BitMine stock closed at $49.78 on August 19, down 9.28%, then modestly recovered to $50.00 in after-hours trading. These moves reflect short-term volatility despite the strategic treasury build.
How does BitMine compare to other treasuries?
| Entity | Asset | Holding | Estimated Value |
|---|---|---|---|
| BitMine | Ethereum (ETH) | 1,575,848 ETH | ~$6.6B |
| Strategy Inc. (reported) | Bitcoin (BTC) | 628,946 BTC | ~$74B |
Frequently Asked Questions
How many ETH did BitMine buy in the latest tranche?
BitMine purchased 52,475 ETH in approximately 40 minutes, contributing to a weekly total increase of 373,110 ETH reported in the same period.
Who reported the rapid 40-minute purchase?
The trade timing and size were reported by Lookonchain as on-chain monitoring evidence; the details were presented as transaction observations without company hyperlinks or official transaction IDs disclosed here.
Does this change BitMine’s ranking among crypto treasuries?
Yes. The ETH accumulation made BitMine the largest Ethereum treasury globally and the second-largest crypto treasury by total value, trailing entities with larger Bitcoin holdings.
Key Takeaways
- Dominant ETH position: BitMine holds 1,575,848 ETH (~$6.6B).
- Rapid accumulation: 52,475 ETH purchased in 40 minutes; 373,110 ETH added in a week.
- Strategic thesis: Leadership frames ETH as a multi-year macro trade and treasury diversification tool.
Conclusion
BitMine’s rapid build-up of an Ethereum treasury to roughly $6.6 billion highlights an institutional-level commitment to ETH and positions the company as a leading treasury manager in crypto. Expect continued scrutiny of treasury velocity, NAV impact, and market liquidity as BitMine implements its multi-phase ETH strategy. For ongoing coverage, COINOTAG will track filings, market data, and official statements.
