- Bitmine now holds 1.15M ETH ($4.9B), controlling 34% of the global Ethereum treasury market.
- Stock price up 1,300% since June treasury launch; daily trading volume averages $2.2B.
- Ethereum price near 3.5-year high with record $1B ETF inflows boosting institutional interest.
Bitmine just smashed through a historic milestone, becoming the first Ethereum treasury to cross one million ETH in holdings — now sitting at a massive 1.15 million tokens. That stash, worth roughly $4.9 billion, grew by a staggering 317,126 ETH in only a week, adding nearly $2 billion in value. The firm’s aggressive accumulation strategy is making waves across the crypto space.
Dominating the Ethereum Treasury Landscape
Since launching its ETH treasury initiative on June 30, Bitmine has rapidly climbed to the top, holding the largest Ether treasury in the world. It now controls 34% of the global Ethereum treasury market, dwarfing second-place SharpLink’s 17% share. Company chairman Tom Lee revealed that their goal is to eventually control 5% of all ETH in circulation. At present, Ethereum treasury firms collectively hold about 2.9% of the total supply, while spot ETH ETFs hold close to 5%. With only a dozen major players in this niche, Bitmine’s market share gives it outsized influence.
Stock Surge and Strategic Staking
The impact isn’t limited to crypto holdings — Bitmine’s stock (BMNR) has been one of the most traded in the U.S. by daily dollar volume, averaging $2.2 billion, according to Fundstrat. Since unveiling its treasury strategy, the share price has exploded by more than 1,300%. It closed 14.7% higher on Monday at $60 in after-hours trading. Bitmine also continues staking its ETH to generate yield, further boosting returns and solidifying its long-term positioning. The company now ranks as the third-largest overall crypto treasury globally, behind only Strategy and Mara Holdings.
Ethereum Market Momentum
Ethereum’s price hit $4,350 on Monday — its highest in three and a half years — before easing back to $4,200 and stabilizing around $4,300 during Asian trading. That’s just 12% shy of its all-time high. Spot ETH ETFs also saw record inflows of over $1 billion on Monday, a sign of rising institutional appetite. This growing demand dovetails neatly with Bitmine’s aggressive buying spree, reinforcing its ambition to dominate the ETH treasury space.
