BitMine Tops List as Largest Ethereum Holder with $13.4B Treasury

BitMine has once again made headlines after announcing a sharp increase in its Ethereum (ETH) holdings to about 2.83 million worth of the cryptocurrency. This increase has raised the total value of its crypto and cash assets to around $13.4 billion. This makes BitMine the largest corporate holder of Ethereum and one of the biggest digital asset treasuries in the world.

BitMine Sees Strong Growth in Its Ethereum Holdings

BitMine’s Ethereum accumulation has grown quickly in recent months. According to recent reports, the company’s ETH balance rose from about 566,776 tokens in July to 2.65 million by late September. As of this week, BitMine now holds 2.83 million ETH. 

This means the company added roughly 180,000 ETH in just one week. This investment is now worth about $821 million at current prices. 

BitMine’s steady buying shows it is committed to Ethereum for the long term. This consistent buying spree has placed BitMine as the second-largest corporate crypto holder, just behind Nasdaq-listed Strategy. The Michael Saylor-led software intelligence firm leads the trend as the largest corporate Bitcoin reserve.

BitMine Targets 5% of Ethereum Supply in Long-Term Growth Strategy

BitMine has stated that it aims to own up to 5% of the total Ethereum supply. This goal, supported by Chairman Tom Lee, has been repeatedly emphasized in public statements and official filings. 

The company says its investment strategy is focused on the long-term value of Ethereum. According to BitMine, Ethereum’s network is not only a digital asset but also an essential part of the growing digital economy. 

Its blockchain technology is being used in financial infrastructure, decentralized applications, and AI-related operations. BitMine thinks the Ethereum network, known for leading blockchain innovation, will be very important for future finance and artificial intelligence technology.

BitMine’s Ethereum Holdings Rise as Crypto Market Surges

BitMine’s buying comes at a time when the crypto market is rising. Ethereum’s price has gone up, helping increase the value of BitMine’s assets. ETH has been around $4,000 and was last near $4,570, up over 10% in the past week. 

Currently, it is trading at $4,664, up 2.41% in the last 24 hours, according to CoinMarketCap data. Speaking at a public event, Lee forecasted that ETH could soar to between $10,000 and $12,000 before the end of 2025. 

Furthermore, this rise follows a broader increase in crypto prices, with Bitcoin (BTC) hitting a new all-time high. Higher prices have boosted the dollar value of BitMine’s Ethereum holdings, showing both strong market conditions and the company’s steady buying approach.