BitMine Smashes Records: Now Holds $2B in ETH—Largest Corporate Stash on Earth

Move over, whales—BitMine just became the Leviathan of Ethereum. The mining giant's vault now bulges with over $2 billion in ETH, claiming the throne as the world's biggest corporate holder. Wall Street's gold bugs are sweating into their spreadsheets.

How'd they stack it so high? While traditional finance plays patty-cake with 1% yields, BitMine went full degen on crypto's volatile waves. Their treasury strategy? Mine it. HODL it. Repeat. No fancy derivatives, just cold, accumulating digital dominance.

The kicker? This isn't some speculative punt—it's a calculated power move. As institutions still debate 'blockchain, not Bitcoin,' BitMine's $2B bet screams conviction. Meanwhile, legacy finance 'experts' will likely dismiss it until their ETFs catch up in 2030.

BitMine plans to hold through diverse Ethereum setups 

BitMine’s strategy focuses on growing ETH held per share. They plan to do this by using company cash flows, smart capital market moves, and earnings from staking. Volatility, according to them, is an opportunity, not a problem.

And they say their strategy also counts on ETH’s price gains to help grow the value of what they already hold. CEO Jonathan Bates doubled down on this focus. “We are committed to Ethereum’s continued growth and look forward to advancing our ethereum treasury strategy,” Jonathan said.

Meanwhile, Ethereum itself is breaking out. After rising past $3,800, analysts say the chart now looks a lot like 2016-2017, just before the coin jumped 5,000% in less than twelve months. In that earlier cycle, ETH struggled for months while Bitcoin took the spotlight, then dropped almost 50%, faked out traders twice, and finally blasted through resistance.

That same setup appears to have played out again. crypto analyst Merlijn The Trader shared a comparison chart on X (formerly Twitter), showing nearly identical price patterns: a long range, two fakeouts, a sharp dip, and now a breakout. In 2017, ETH moved from under $8 to more than $250 within a year. If the pattern repeats in 2025, ETH could hit $40,000.

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