BitMine Reports 1.87M ETH ($8.98B) Holdings, Now Ethereum’s Largest Treasury
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Bitmine (BMNR) disclosed that its combined cryptocurrency and cash treasury totals $8.98 billion as of August 31 (ET), with holdings including 1,866,974 ETH, 192 BTC and $635 million in undeployed cash.
Those figures position Bitmine as the largest Ethereum treasury by ETH holdings and the world’s second-largest treasury company, trailing only Strategy Inc. (MSTR), which reports 629,376 BTC valued near $71 billion.
From a financial perspective, Bitmine’s reported allocations materially affect its balance sheet composition, enhancing asset allocation diversification and liquidity management through sizable on‑chain exposure and available cash, reported without market conjecture.