Ethereum Holdings Surge: Treasury Company Reports 3.7 Million ETH Amid Bitmine’s 135,000 ETH Increase

As of August 16th, new data from COINOTAG News reveals that the Ethereum Treasury Company currently possesses approximately 3.7 million ETH, distributed across 70 associated entities. Collectively, these holdings represent about 3.06% of the overall Ethereum supply, highlighting the substantial influence of institutional wallets in the Ethereum ecosystem. In a notable development earlier today, Bitmine (BMNR) escalated its asset base by acquiring an additional 135,000 ETH. This strategic decision elevates Bitmine’s total holdings to 1.297 million ETH, reinforcing its position in the crypto market. These fluctuations underscore the ongoing shifts in digital asset management and the importance of monitoring large-scale treasury activities for market participants and investors alike.