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28m ago

BitMine Lifts Ethereum Treasury to 2.65 Million Tokens as Holdings Reach $11.6 Billion

The company casts the latest increase as progress toward a 5% ETH stake, financed through equity programs plus OTC purchases.

Tom Lee's BitMine adds 234,846 Ethereum, total holdings top 2.6 million ETH
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Overview

  • BitMine disclosed ownership of roughly 2.65 million ETH, which it says is now more than 2% of the token’s circulating supply.
  • Its reported portfolio totals $11.6 billion, including 192 BTC, $157 million in equities, and $436 million in unencumbered cash.
  • The new tally reflects an addition of about 200,000 to 235,000 ETH since the prior update, according to company statements and press reports.
  • The firm is described as the largest corporate holder of ETH, with data cited in coverage placing runner-up SharpLink Gaming at 838,730 ETH and noting BitMine as the No. 2 overall crypto treasury after Strategy.
  • Shares rose about 3% in premarket trading as ETH hovered near $4,110, while chairman Tom Lee reiterated a long-horizon thesis linking Ethereum to crypto and AI supercycles and reaffirmed the goal to reach 5% of supply.