BitMine’s Ethereum Treasury Hits New Milestone With 2 Million ETH Holdings

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Ah, what a milestone! BitMine, in all its splendid glory, has proudly announced that it has amassed a staggering 2 million ETH. Yes, you read that right-2 million! They’ve reached this monumental achievement just in the past few days, marking yet another success in the company’s unrelenting quest to dominate the world of cryptocurrency. In fact, they now hold the title of the largest ETH Treasury on this Earth. Imagine that-one company holding enough ETH to make most investors lose sleep!

1.7% Of Ethereum’s Supply In BitMine’s Treasury

On a delightful Monday morning, BitMine, a company dedicated to hoarding crypto for long-term growth (because who doesn’t love a good digital treasure hunt?), announced that their crypto and cash holdings have breached the $9.21 billion mark. Oh, how the digital gold rush continues! The company now holds 2,069,443 ETH, valued at $4,312 each, along with 192 Bitcoin (BTC) and a cool $266 million in unencumbered cash. Yes, cash. Because, apparently, they like to mix the digital and the analog. This puts them squarely at the 1.71% of Ethereum’s total supply-still a far cry from their ultimate goal of controlling 5%, but one must start somewhere, right?

Thomas “Tom” Lee, the chairman of BitMine, made a statement that would make even the most seasoned Wall Street tycoon chuckle: “BitMine has surpassed the 2 million ETH milestone this past week. As we said in our August Chairman’s message, both Wall Street’s enthusiastic embrace of blockchain and AI’s budding role in creating a token economy is setting the stage for Ethereum’s supercycle. And when it’s a supercycle, the big fish swim to the top-so we’re aiming for that 5% of ETH.” Because, really, why settle for 1.71% when you can aim for 5% and become a digital emperor?

In case you’re wondering, yes, BitMine’s meteoric rise did not stop there. Just last month, they were already boasting the world’s third-largest crypto treasury and the largest Ethereum Treasury. Oh, but now they’ve been overtaken only by Michael Saylor’s grand Bitcoin strategy. But no worries, BitMine’s ETH game is still strong and looking ever so promising.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” Lee continued in his grand announcement. Of course, when you’re holding billions, you have the luxury of making 10-15 year predictions. “Wall Street and AI are migrating to the blockchain, and most of it is happening on Ethereum.” A prophetic statement, don’t you think?

Strengthening ETH’s Ecosystem

But wait-there’s more! BitMine also made a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO), as part of OCTO’s $270 million private equity round. Yes, they’re diving deeper into the world of Ethereum, like a well-prepared surfer paddling into the next big wave. On top of that, Eightco plans to adopt Worldcoin (WLD), an ERC20 asset, as their primary treasury holding. A nifty move indeed!

This marks the beginning of BitMine’s so-called “Moonshot” strategy-because why settle for anything less than the stars? Their plan is to allocate a neat 1% of their balance sheet into projects that will bolster the Ethereum ecosystem. Because, naturally, when you hold 2 million ETH, you’re all about creating value-not just for yourself, but for the entire crypto universe. How thoughtful!

But that’s not all, folks. BitMine’s stock has become a popular choice in the US, with an average daily volume of $1.7 billion. It’s practically the talk of the town! Not to be outdone, international retail investors have jumped on the bandwagon as well. For instance, South Korean investors were so enamored with BitMine that they bought $259 million worth of shares in July. As they bid adieu to Tesla stock, they embraced BitMine as the crypto proxy of their dreams. And the trend shows no signs of stopping. Oh, how the tides are turning!

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2025-09-09 10:36