- BitMine reportedly added 46,255 ETH ($201M) via BitGo, pushing total holdings to 2.126M ETH.
- The company aims to control 5% of Ethereum’s total supply, cementing its dominance as the top ETH treasury.
- BitMine also invested $20M into Eightco Holdings, backing its Worldcoin treasury strategy.
BitMine Immersion Technologies has reportedly added 46,255 ETH, valued at $201 million, to its corporate treasury, according to blockchain analytics platform Onchain Lens. The transaction, facilitated through BitGo, involved three wallets—one identified as BitMine’s and two others flagged through forensic analysis. Although BitMine has yet to officially confirm the acquisition, the move highlights its ongoing accumulation strategy in Ethereum.
BitMine’s Growing Ethereum Holdings
With this latest purchase, BitMine’s total Ethereum holdings now stand at 2.126 million ETH, worth nearly $9.3 billion. This strengthens its position as the largest corporate Ethereum treasury globally. The company has previously signaled its goal of acquiring 5% of ETH’s total supply, making it one of the most aggressive institutional buyers of the asset.
Strategic Investments Beyond Ethereum
Earlier this week, BitMine revealed a $20 million strategic investment in Eightco Holdings (OCTO) as part of a $270 million private placement. Eightco is pivoting its corporate treasury to Worldcoin’s WLD, and BitMine’s backing reflects its strategy of diversifying into projects tied to large-scale crypto adoption. This dual approach—Ethereum accumulation and selective investments—shows BitMine positioning itself as a long-term force in the digital asset ecosystem.
Market Reaction and Stock Performance
Following the reports, BitMine’s stock (BMNR) closed at $45.6 on the NYSE, up 2.24% on the day. Over the past six months, shares have soared 714%, driven largely by its aggressive ETH acquisition strategy and rising investor confidence. If BitMine continues at its current pace, it could soon become one of the most influential corporate players in Ethereum’s supply dynamics.
