Catenaa, Tuesday, September 08, 2025-BitMine Immersion Technologies announced yesterday it now holds the world’s largest Ethereum treasury and the second-largest cryptocurrency treasury overall.
According its announcement it has more than 2.06 million Ether.
The New York-listed firm’s combined crypto and cash reserves reached $9.21 billion as of September 7, including 192 Bitcoin and $266 million in cash.
Only Strategy Inc., with over 636,000 Bitcoin worth about $71 billion, maintains a larger crypto treasury.
BitMine Chairman Thomas Lee said the milestone reinforced the company’s goal of eventually holding 5% of Ethereum’s supply, citing Wall Street’s embrace of blockchain and AI-driven token economies as a catalyst for long-term growth.
As part of its “Moonshot” strategy, BitMine also disclosed a $20 million investment in Eightco Holdings, which plans to build its treasury around the Worldcoin token.
The move highlights BitMine’s commitment to supporting projects within the Ethereum ecosystem.
The company, backed by major investors including ARK Invest’s Cathie Wood, Founders Fund, Pantera Capital, and Kraken, has become one of the most traded U.S. stocks. Its five-day average daily dollar volume of $1.7 billion recently ranked 30th among U.S.-listed equities, just behind Bank of America.
BitMine’s operations span low-cost energy sites in Texas and Trinidad, with activities ranging from Bitcoin mining to Ethereum accumulation. The company says it views Ethereum as one of the biggest macro trades over the next decade.
