Particle.news
Download on the App Store
8 ARTICLES
·
2h ago

BitMine Lifts Ethereum Holdings to 1.71 Million Tokens as Balance Sheet Hits $8.8 Billion

Explosive trading in BMNR shares helped fund consecutive buys, lifting the stock into the U.S. top 20 by dollar volume.

Ethereum treasury BitMine now holds over $8 billion in Ether, Bitcoin, and cash
Bitmine's eth holdings top 1.7m tokens, with $562m of buying power remaining
Image
Bitmine boasts world’s largest ethereum treasury as holdings surpass 1.71 million eth

Overview

  • The company said it added about 190,500 ETH in the past week and still holds roughly $562 million in cash, alongside 192 BTC.
  • Fundstrat data cited by BitMine shows average daily stock trading of $2.8 billion over five sessions, ranking 20th nationally, behind Coinbase and ahead of JPMorgan.
  • BitMine remains the largest corporate holder of ETH and the second-largest corporate crypto treasury overall, trailing only Strategy’s Bitcoin reserve.
  • ETH touched a record near $5,000 over the weekend before retreating, and BitMine noted the value of its crypto stack eased with the pullback.
  • Some on-chain trackers report lower ETH tallies near 1.58 million, highlighting measurement differences as corporate Ethereum treasuries near roughly $19 billion.