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yesterday

BitMine Tops 833,000 ETH to Secure Leading Corporate Treasury Position

Project Crypto’s regulatory push, alongside record ETF inflows, underpins a $1 billion stock repurchase fueling a bid for 5 percent of Ethereum supply.

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Ethereum
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Overview

  • BitMine Immersion Technologies now holds 833,137 ETH, valued at about $2.9 billion, making it the largest corporate Ethereum treasury and the third-largest public crypto reserve.
  • The company acquired $300 million of ETH through Galaxy Digital’s OTC desk over three days, driving its 35-day accumulation from zero to over 833,000 tokens.
  • Its board has approved an open-ended $1 billion share buyback to support rapid ETH accumulation and future staking income.
  • BitMine’s stock has averaged $1.6 billion in daily trading volume—ranking 42nd among U.S. equities—as major investors like ARK Invest and Bill Miller III bolster their positions.
  • Tom Lee credits the SEC and White House’s Project Crypto framework and sustained Ethereum ETF inflows for crystallizing the strategy to position ETH as a global financial infrastructure layer.