Bitmine Makes Massive $201M Ethereum Move - Acquires Huge ETH Treasury from Bitgo

Bitmine just dropped a crypto bombshell—snagging a staggering $201 million worth of Ethereum from Bitgo in one massive treasury expansion play.

The Strategic Pivot

While traditional finance folks were busy rebalancing their 60/40 portfolios, Bitmine went all-in on ETH—proving once again that crypto moves faster than Wall Street can say 'regulatory uncertainty.'

Market Implications

This isn't just another crypto acquisition—it's a statement. $201 million worth of Ethereum doesn't just disappear from one treasury and appear in another without sending ripples through the entire ecosystem.

Timing is Everything

While bankers were debating rate cuts, Bitmine executed—no committees, no endless meetings, just pure digital asset accumulation. Because in crypto, you either stack or get left behind.

Finance traditionalists will call it reckless—crypto natives call it Tuesday. Either way, Bitmine just showed everyone how treasury management is done in the digital age.

Bitmine Becomes First Largest ETH Treasury Firm Globally

On Monday, the BTC miner turned ETH accumulator announced its crypto and cash holdings exceeding $9.21 billion.

The company stands second in global crypto treasury, after Michael Saylor’s Strategy, which currently has a stash of nearly $73 billion worth of BTC.

“The power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH,” Thomas Lee, Chairman of Bitmine, said in a statement. Bitmine remains an example for crypto treasury peers by the velocity of raising crypto NAV per share, he added.

Additionally, Lee believes that ETH could be “one of the biggest macro trades over the next 10-15 years,” adding that the majority of Wall Street’s transformation into blockchain is happening on Ethereum.

Institutional Flex Despite Choppy Price Action

Bitmine’s latest 46k ETH buy is a clear signal that institutions are doubling down despite choppy price action.

Social chatters confirm that massive withdrawals such as these, shrink exchange liquidity, pushing a bullish supply narrative.

Ethereum ROSE 2.29% in the past 24 hours, outperforming the broader crypto market. The world’s second-largest crypto is hovering just above $4,400 at press time.