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BitMine Cracks $6.6B Treasury – Now World’s #2 Crypto Powerhouse

BitMine Cracks $6.6B Treasury – Now World’s #2 Crypto Powerhouse

Published:
2025-08-19 04:59:36
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Crypto's sleeping giant just woke up swinging. BitMine's treasury ballooned to a staggering $6.6 billion this week – catapulting past legacy players to become the second-largest crypto war chest globally.

Behind the numbers: While traditional finance still debates 'blockchain viability,' decentralized players are quietly building reserves that'd make central banks blush. BitMine's vault now holds more liquid value than 80% of Fortune 500 cash reserves.

The irony? This milestone comes as Wall Street struggles to explain why their 'risky asset' keeps outperforming their own gold-backed ETFs. Maybe diversification should include something other than 19th-century monetary relics.

⛓:https://t.co/xUgJ1TadQ6

— Bitmine BMNR (@BitMNR) August 18, 2025

Super-aggressive Accumulation

“In just a week, BitMine increased its ETH holdings by $1.7 billion to $6.6 billion, as institutional investors have expressed interest and support for our pursuit of the ‘alchemy of 5%’ of ETH,” said Fundstrat’s Tom Lee, who is also the Chairman of BitMine.

“As we continue to say, we are leading crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock.”

Lee echoed comments he made last week, stating that ethereum is one of the biggest macro trades over the next 10-15 years.

“Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system,” he said before adding that “the majority of this is taking place on Ethereum.”

Ether is emerging as a direct way to gain exposure to the “expected meteoric growth” in stablecoins as the Ethereum network hosts most of these assets, JP Morgan analysts wrote in a note last week.

Ethereum currently has more than 55% market share of total tokenized real-world assets on-chain value, including stablecoins, according to RWA.xyz.

BitMine has 37% market dominance in the Ethereum treasury sector, which is currently worth $17.6 billion with more than 4 million ETH accumulated by corporations, according to SER. The firm has targeted a $20 billion Ether treasury.

Meanwhile, BTCS Inc. became the first public company to issue a dividend in ETH this week.

ETH Price Retreats

ETH prices have continued to retreat, however, as the crypto market correction deepens and the chances of it hitting an all-time high this month dwindle.

Ether recovered from Monday’s low of $4,250 but failed to MOVE higher than $4,380, retreating back below $4,300 again during the Tuesday morning Asian trading session.

The asset has now corrected 10% from its 2025 high and is currently trading around support levels. A breakdown from here could result in a fast fall below $4,000, however.

|Square

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