BitMine’s Ethereum Treasury Balloons to $4.96B—Now the World’s Largest Holder
Crypto whales just got a new alpha predator.
BitMine's Ethereum war chest hits $4.96 billion—enough to make central bankers sweat through their bespoke suits. The institutional-grade accumulation puts traditional treasury strategies to shame (looking at you, 0.5% yield bonds).
How'd they do it? Cold storage and diamond hands. While retail traders paper-handed through the last bear market, BitMine kept stacking ETH like digital gold bricks.
One question remains: When this whale moves, will the market ripple—or tsunami?
Ambition: 5% of All Ethereum
According to Chairman Thomas “Tom” Lee of Fundstrat, BitMine is pursuing the “alchemy of 5%” – a target to control five percent of Ethereum’s total supply. “We’re leading our peers in both the speed of building net asset value per share and in trading liquidity,” Lee said. The company’s ETH balance grew from 833,137 tokens to over 1.15 million in just seven days.
Heavyweight Backing and High Liquidity
BitMine’s rise has been fueled by a roster of prominent institutional backers, including ARK Invest’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera Capital, Kraken, Digital Currency Group, and Galaxy Digital. Their capital and confidence have helped propel the company’s stock into the top 25 most liquid U.S. equities, with a $2.2 billion average daily trading volume ahead of JPMorgan and Micron Technology.
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With Ethereum’s network expansion and potential ETF catalysts ahead, BitMine’s massive treasury gives it a unique position in the crypto market. By pairing deep liquidity with aggressive accumulation, the company is signaling long-term conviction in ETH’s role within the broader digital asset ecosystem.
