BitMine Ethereum Holdings Reach $13B with Latest ETH Purchase
BitMine Immersion, the largest Ethereum Treasury company chaired by financial analyst Tom Lee, has reached a new milestone in its journey to accumulate more Ether tokens. With its latest ETH purchase, the company’s total Ethereum holdings have surged to a staggering 4,143,502 tokens.
This impressive accumulation comes on the heels of BitMine’s weekly acquisitions, where it purchased 32,977 ETH worth around $104 million. With its total crypto and cash holdings now standing at an impressive $14 billion, them firm is solidifying its position as a major player in the digital asset landscape.
How BitMine Built Its $13B Ethereum Treasury
Tom Lee’s BitMine Immersion has announced a significant milestone in its Ether holdings. As per BitMine’s official statement, the company’s ETH portfolio has surged to 4,143,502 tokens, representing a value of approximately $13 billion at current market prices.
This total ETH holding is confirmed following BitMine’s latest weekly Ethereum purchase. As per reports, the firm acquired about 32,977 ETH. Although the company hasn’t directly revealed the purchase value, the latest batch is valued at around $104 million based on current prices. As of the latest update, the platform’s total crypto and cash holdings have reached a remarkable $14.2 billion.
In addition to Ethereum, BitMine’s crypto portfolio also includes Bitcoin. As of today, the company’s Bitcoin holdings comprise 192 BTC, valued at $17.8 million. The firm also holds $25 million investment in WLD treasury firm Eightco, and a substantial cash reserve of $915 million.
BitMine Leads Public Ethereum Holding Companies
According to SER data, BitMine is currently the largest Ethereum treasury holder, outpacing other major players in the industry. The company’s impressive Ether holdings are followed closely by Joe Lubin’s SharpLink, which holds approximately 863,021 ETH, and The Ether Machine, with around 496,712 ETH.
Furthermore, BitMine’s substantial crypto holdings have propelled the company to the position of the second-largest crypto treasury company overall. Reportedly, the only entity surpassing BitMine in this regard is Michael Saylor’s Strategy (formerly MicroStrategy), which boasts an enormous Bitcoin reserve of 673,783 BTC, valued at about $63 billion.
With the support of prominent institutional investors, including Cathie Wood’s Ark Invest, Founders Fund, and others, BitMine is pursuing a strategic objective to acquire a significant stake in Ethereum’s circulating supply. The company is targeting to acquire 5% of the total ETH supply. While the firm currently holds around 3.5% of the supply, the path to its 5% target remains clear and near.
Unveiling Treasury Company’s Foray into ETH Staking
Along with the company’s active ETH accumulation, BitMine is also exploring the opportunities for Ether staking amid the crypto’s bearish trends. As reported earlier, BitMine announced Ether staking initiatives, demonstrating its confidence in the long-term potential of the altcoin.
The platform has already staked more than 400k ETH, valued at around $1.2 billion. The company is also expanding its staking operations with the launch of its Made in America Validator Network (MAVAN) in early 2026. According to CEO Lee, the company’s strategic move into staking is expected to generate significant annual returns, with potential earnings of 126,800 Ether, worth around $371 million.
