Bitmine has bought an Ethereum and has continued his big gamble on the second largest crypto per market capitalization. The company is now the largest company holder of ETH, the construction of a treasury that has surpassed Rivals and has attracted global attention.
Summary
- Bitmine has raised its Ethereum Holdings with a new purchase of $ 46 million.
- The company began to collect in mid-July 2025, now rank as the Larget Corporate ETH holder.
- The Ethereum Holdings company is generally increasing, now worth almost $ 20 billion.
Bitmine has taken over an extra 9,600 ETH (ETH) for around $ 45 million, according to data on chain that will be shared by Lookonchain on 24 August. The purchase brings its total treasury interests to around 1.58 million ETH, worth $ 7.5 billion at current prices.
The acquisition of several millions of dollars marks the last in the Buys of the company in the past month, since the start of the ETH accumulation in mid-July 2025 with a first purchase with a value of about half a billion dollars worth around half a billion dollars. Within a little more than a month, the interests of the company are considerably swollen, now ranked as the largest company eth holder worldwide.
Bitmine chairman Tom Lee has described the structure of the company as part of a broader long-term vision, with the aim of ultimately retaining five percent of Ethereum’s total supply. The strategy is driven by the company’s confidence in Ethereum’s potential to reform the financial system and to support large-scale acceptance of blockchain technology.
“We continue to believe that Ethereum is one of the biggest macro transactions for the next 10-15 years,” said the CEO. “Wall Street and AI who go to the blockchain must lead to a greater transformation of today’s financial system. And most of them take place on Ethereum.”
The company established in Vegas is supported by institutional heavyweights such as Ark Invest and Pantera Capital, with billions of financing support, and its continuous accumulation pushes the overall ETH holdings of companies to fresh highlights.
The larger image of company ETH Holdings
According to the latter facts From strategiceth reserve, business treasury now have around $ 19 billion in ETH. This figure marks a leap of their $ 17 billion Mark a little less than a week ago, and the current $ 7.5 billion of Bitmine is the largest share.
Other companies also expand their Ethereum reserves. Sharplink Gaming, the second largest ETH holder of Business Eth, has more than 740,000 ETH, worth more than $ 3.5 billion. The third largest is the ether machine, which has more than 345,000 ETH worth around $ 1.6 billion.
The Ethereum Foundation itself, which manages the treasury of the protocol, manages hundreds of thousands of ETH, worth just over $ 1 billion. Together, Bitmine, Sharplink and the Stichting Goed are for the most part of the more than $ 19 billion in publicly announced ETH companies of companies, while dozens of smaller companies form the remaining share.
In the midst of the constant wave of aggressive accumulation, Ethereum has warned co-founder Vitalik Buterin of potential risks, warns that it could evolve into ‘lifting tree poker’. Buterin described a scenario in which companies borrow heavily against their ETH reserves, which exposed to forced liquidations in a decline, a chain reaction that could strengthen volatility and undermine trust in Ethereum’s stability.
In the meantime, on August 23, ETH climbed above $ 4,900 to determine a new of all time. However, the active was unable to maintain the profit and his price has since been withdrawn. At the time of the press, ETH acts a little more than $ 4,535, around 4.3% decrease in the last 24 hours.
