Bitmine now holds more than $2.9 billion in Ethereum (ETH), positioning itself as the world’s largest institutional ETH treasury.
The company reached this milestone after accumulating 833,137 ETH tokens. With this rapid acquisition, Bitmine signals its intent to lead in institutional Ethereum holdings.
According to its official disclosure, Bitmine aims to control up to 5% of ETH’s total supply. The firm relies on both aggressive accumulation and strategic partnerships for liquidity and custody to advance its position. This approach currently places Bitmine ahead of public company peers by industry data, though future rankings could change as new reporting emerges.
“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago. We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.”
Bitmine’s statement also outlines its intent to maximize staking yields and long-term ETH growth, in coordination with institutional partners to reinforce its market dominance.
Bitmine’s visible activity indeed sets a new bar for corporate crypto asset management. However, government-verified regulatory filings for these ETH reserves have not appeared in major databases.
Coinbase
eToro
eToro
eToro
eToro
COCA wallet
UpHold
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
