BitMine Shatters $10 Billion Barrier as Ethereum Holdings Rocket Past 2 Million Mark

Digital asset giant BitMine just crossed into rarefied air—hitting a staggering $10 billion valuation while amassing over 2 million ETH in reserves. Talk about stacking digital gold.

The Ethereum Power Play

While traditional finance still debates crypto's legitimacy, BitMine's massive Ethereum accumulation screams conviction. They're not just dipping toes—they're diving headfirst into smart contract supremacy, leaving Wall Street's cautious approaches looking downright archaic.

Breaking the Bank(ing System)

This isn't just growth—it's a statement. While banks fiddle with fractional reserves, BitMine's stacking actual assets that can't be printed into oblivion. Their $10 billion milestone proves institutional money isn't just flirting with crypto anymore—it's moving in.

Guess those 'experts' still waiting for crypto to zero might want to check their calendars—it's 2025, and the future's already here.

In Brief

• BitMine surpasses rivals with 2.15M ETH, aiming for 5% of Ethereum’s supply.
• Institutional giants back BitMine’s aggressive ETH push with $10.8B in assets.
• Tom Lee highlights Ethereum’s role in AI-driven finance fueling long-term growth.

Ethereum Stash Grows Rapidly

Since September 8, BitMine has acquired around 82,000 ETH, valued at approximately $370 million. This mirrors on-chain tracking data reported by independent analysts. With these purchases, the company’s Ethereum treasury now represents about $9.75 billion in value. Besides Ethereum, the firm also holds 192 BTC worth $22 million, a $214 million equity position in Worldcoin-linked Eightco, and $569 million in liquid cash.

The scale of these holdings places BitMine firmly at the top among Ethereum treasuries. It currently surpasses Joe Lubin’s SharpLink, which owns roughly 837,000 ETH, and The Ether Machine, with 495,000 ETH. On a broader level, BitMine ranks second in overall public crypto treasury size, just behind MicroStrategy, which has accumulated nearly 639,000 BTC worth more than $73 billion.

Targeting Five Percent of ETH Supply

BitMine’s strategy extends beyond short-term accumulation. The company has publicly set its sights on acquiring 5% of Ethereum’s circulating supply. That goal WOULD require ownership of approximately 6 million ETH, a threshold that may alter the distribution of large-scale holdings across the market.

This aggressive strategy seems to be backed by institutional supporters. Key investors are Cathie Wood, Ark Invest, Founders Fund, Bill Miller III, Kraken, Pantera, DCG and Galaxy Digital. Their participation underscores increased confidence that Ethereum continues to be at the heart of the new era of blockchain use.

Broader Market Outlook

Tom Lee pointed out that the role of Ethereum in finance and technology is continually growing. He identified the growing application of blockchain by Wall Street and the development of AI-driven economies as key growth drivers. This convergence, he argued, could create a long-term “supercycle” for Ethereum, rewarding large holders and reinforcing BitMine’s 5% acquisition target.

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