BitMine’s Massive Move: Surpasses 2 Million Ethereum Holdings While Dumping $20 Million Into Worldcoin Treasury

Digital asset giant BitMine just flexed its crypto muscles with two massive strategic plays that sent ripples through the market.

The Ethereum Power Play

BitMine's Ethereum vault now bulges with over two million ETH—a staggering accumulation that positions them as one of the largest institutional holders in the ecosystem. This isn't just holding; it's a calculated bet on Ethereum's long-term infrastructure dominance.

The Worldcoin Gambit

Meanwhile, the firm dropped twenty million dollars into Worldcoin's treasury—because what's a better hedge than betting on both decentralized finance and biometric identity systems? It's the kind of diversification that makes traditional finance guys clutch their pearls—or their spreadsheets, anyway.

Two moves, one message: BitMine isn't just playing the crypto game—they're rewriting the rules. Whether this dual strategy pays off remains to be seen, but one thing's clear: in the world of digital assets, conviction comes with a nine-figure price tag.

BitMine’s Ethereum strategy

Chairman Thomas “Tom” Lee explained that BitMine views Ethereum as a cornerstone of the next decade in financial markets. He pointed to Wall Street’s growing blockchain adoption and the rise of agentic artificial intelligence as key forces driving demand.

According to him, these developments are creating a structural “supercycle” for Ethereum to thrive and “lead a greater transformation of today’s financial system.”

As a result, the firm has set a long-term target of owning 5% of the total ETH supply. With its current holdings close to 2%, BitMine has already covered nearly 40% of that path.

Meanwhile, BitMine’s Ethereum-heavy activities have lifted its profile on Wall Street.

According to Fundstrat, the company’s stock trades an average daily dollar volume of $1.7 billion, ranking 30th among all US-listed equities.

That places it between Bank of America (29th) and Exxon Mobil (31st), signaling how crypto-linked equities are increasingly competing with traditional blue-chip stocks for liquidity.

‘Moonshot Strategy’

As part of its commitment to the Ethereum ecosystem, BitMine has announced a “moonshot strategy” that WOULD see it deploy 1% of its balance sheet to ecosystem investments into projects designed to expand the blockchain network’s utility.

According to the firm, Eightco Holdings will be the first recipient of this capital infusion. The company received $20 million to build a treasury around the Sam Altman-founded Worldcoin (WLD) identity-focused project.

Lee explained that Worldcoin’s zero-knowledge Proof of Human credential is an innovation that could strengthen digital trust and safety across technology platforms.