Ethereum Corporate Holder BitMine Now Holds Over 2% ETH Supply

Blockchain technology firm BitMine Immersion has announced that it now owns over 2.4 million Ethereum (ETH), which is more than 2% of the total circulating supply. The milestone cements BitMine as the single largest Ethereum holder among corporate treasuries. Its bold strategy continues to draw wide attention across the financial and cryptocurrency industry.

BitMine Becomes Largest ETH Corporate Holder

According to the company’s latest disclosures, its total assets in cryptocurrencies and cash have reached $11.4 billion. BitMine now holds 2,416,054 ETH, worth approximately $10 billion. It also has 192 Bitcoin (BTC), worth $22.1 million, $175 million stake in Eightco, and $345 million in unencumbered cash. 

Furthermore, BitMine has announced a direct sale of $365.24 million, offering about 5.2 million shares at $70 each. The company is also selling warrants that could bring in another $913 million if used, raising the total funds to around $1.28 billion. Notably, BitMine plans to use this money to buy more cryptocurrency. 

The sale is expected to close on September 23, pending standard conditions. Meanwhile, industry experts are paying close attention to BitMine’s next line of action. 

BitMine’s Long-Term Plan for Ethereum Leadership

It is worth noting that BitMine is not just mining cryptocurrency. It has a clear and long-term strategy. The company aims to establish one of the most extensive Etherem holdings in the world by acquiring 5% of the total ETH supply.

This goal gives the company a strong position and continues to attract institutional investors, such as Cathie Wood’s Ark Invest, as the market evolves. Meanwhile, focusing on Ethereum instead of just Bitcoin creates a unique place for BitMine in the world of corporate crypto treasuries.

Other companies, such as Bit Digital and SharpLink Gaming, are also adding ETH to their balance sheets. Together, they are helping to change how Ethereum is seen, not just as a currency, but as a valuable asset for long-term growth.

Ethereum Momentum Continues to Build

The increasing interest in ETH among corporate holders comes amid rising prices. The leading altcoin climbed to $4,000 on Friday, August 8, 2025. ETH continued to rally high, trading at $4,182.92 as of this writing. However, in the past 24 hours, the ETH price has decreased by 6.57% 

Investor activity has also increased alongside its soaring prices. Notably, ETH daily trading volume increased by 195% to $51.5 billion.