BitMine’s $201 Million ETH Treasury Move Signals Major Crypto Confidence

BitMine just dropped a bombshell—$201 million worth of ETH now sits in their corporate treasury via BitGo's secure wallet infrastructure.

Strategic Treasury Allocation

This isn't just another corporate purchase—it's a statement. While traditional finance plays with bonds and cash reserves, forward-thinking companies are stacking digital assets. BitGo's institutional-grade security made this massive move possible, proving that crypto isn't just for degens anymore.

Institutional Adoption Accelerates

The timing speaks volumes. While legacy institutions debate regulatory frameworks, BitMine executes. This $201 million ETH position demonstrates conviction in Ethereum's long-term value proposition—something Wall Street analysts still can't wrap their heads around.

Because nothing says 'we believe in decentralized finance' like parking nine figures in a custody solution that would make traditional bankers sweat. The future of corporate treasury management just got more interesting—and more decentralized.

BitMine Targets 5% of Ethereum Supply

If the unmarked wallets are BitMine’s, then with these transactions, it now holds 2,126,018 ETH, valued at nearly $9.3 billion. This MOVE also aligns with the company’s goal to control 5% of Ethereum’s total supply. For now, it is the world’s largest corporate holder of ETH.

Just two days earlier, BitMine had reported that its total Ethereum holdings reached 2.069 million tokens. The timing of this new inflow further strengthens its dominant position in the Ethereum treasury race.

BitMine is not only focusing on Ethereum. On Monday, it announced a $20 million strategic investment in Eightco Holdings (OCTO) as part of a $270 million PIPE deal.

This investment backs Eightco’s plan to make Worldcoin (WLD) its primary treasury asset, showing BitMine’s wider interest in shaping the future of digital asset treasuries.

Bitmine’s Stock on the Rise

The aggressive crypto approach of BitMine has also increased investor confidence. On Wednesday, shares of BitMine (BMNR) closed up 2.24% at $45.6 on the NYSE. Over the past six months, the stock has soared 500%, reflecting confidence in its treasury expansion and bold market moves.

Having its eyes on the Ethereum leadership, BitMine remains one of the most significant actors in the crypto treasury market.

Also Read: Eightco Adopts Worldcoin Treasury Reserve Stock Soars 1000%