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BitMine Amasses 833,137 ETH, Valued at $2.9B, to Become World’s Largest Corporate Ethereum Treasury

Purchases totaling $300 million over three days highlight its swift accumulation strategy

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Tom Lee's Ethereum treasury BitMine discloses 833,000 ETH holdings
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Overview

  • BitMine’s holdings have reached 833,137 ETH, making it the largest corporate Ethereum treasury globally with a value of about $2.9 billion.
  • Over the past three days, the company acquired $300 million of ETH through Galaxy Digital’s OTC desk in a whale wallet first flagged by Arkham Intelligence.
  • The board has approved a $1 billion share repurchase program aimed at advancing BitMine’s Ethereum staking and yield strategy.
  • BMNR shares average $1.6 billion in daily trading volume, ranking 42nd among more than 5,700 U.S.-listed stocks due to intensified institutional trading.
  • Prominent investors including Bill Miller III, Cathie Wood’s ARK Invest, Founders Fund, Pantera and Galaxy Digital have taken significant stakes in BitMine.