BitMine Immersion Technologies (NYSE American: BMNR) has cemented its position as the world’s largest Ethereum treasury, reporting total crypto reserves of $6.61 billion as of August 17.
The company now holds 1.52 million ETH, valued at $4,326 each, alongside 192 BTC, according to Bloomberg data.
The latest update marks a $1.7 billion jump in assets within just one week, after the company expanded its Ethereum stash from 1.15 million to over 1.52 million tokens. This rapid accumulation comes amid strong institutional backing from investors, including ARK Invest’s Cathie Wood, Founders Fund, Pantera Capital, Galaxy Digital, and Kraken.
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BitMine today announced ETH holdings of 1,523,373 tokens:– ETH holdings of 1,523,373 is valued at $6.6 billion ($4,323 ETH)
– 373,110 more ETH than a week ago
– $1.7 billion higher than a week agolink ⛓️:https://t.co/xUgJ1TadQ6
— Bitmine BMNR (@BitMNR) August 18, 2025
With its current reserves, BitMine ranks as the No. 1 Ethereum treasury globally and the second-largest overall crypto treasury, behind MicroStrategy, which controls 628,946 BTC worth $74 billion. The company launched its Ethereum-focused treasury strategy on June 30 and has already surpassed several key milestones in under two months.
Thomas Lee, Chairman of BitMine and Fundstrat co-founder, described Ethereum as “one of the biggest macro trades over the next 10–15 years,” citing its growing role in blockchain-based financial infrastructure and AI integration. He added that BitMine’s stock has become one of the most liquid in the U.S., averaging $6.4 billion in daily trading volume, ranking 10th among U.S.-listed equities, ahead of JPMorgan and just behind Alphabet.
The company’s aggressive treasury expansion aligns with its long-term ambition to acquire 5% of Ethereum’s total supply, positioning ETH at the centre of its investment thesis. With Wall Street and institutional capital increasingly shifting toward Ethereum, BitMine’s bet underscores the asset’s rising dominance in the digital economy.
In a parallel move, BitMine unveiled a $1 billion stock repurchase program designed to enhance shareholder value and reinforce confidence in its digital asset strategy. The buyback underscores the firm’s ambition to secure 5% of Ethereum’s total supply, positioning ETH as the core of its long-term investment thesis.
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