BitMine Immersion has recently purchased 153,075 Ethereum (ETH), worth approximately $668 million. This bold move has pushed the company ahead of popular crypto miner MARA in crypto reserves. BitMine Immersion Becomes Largest ETH Corporate Holder According to Lookonchain data, this purchase brings BitMine’s total Ethereum holdings to 1,866,974 ETH, valued at nearly $8.15 billion. Notably, this move solidifies BitMine’s status as the largest corporate holder of ETH worldwide. It also reflects how quickly the company is scaling up its exposure. Recall that BitMine launched its ETH treasury on June 30, 2025. The company also revealed plans to buy back up to $1 billion of its outstanding common stock . Since it announced its Ethereum strategy, BitMine Immersion has recorded many key milestones. BitMine is building its Ethereum holdings because it believes in Ethereum as an asset for decentralized finance (DeFi), Web3 tools, and running smart contracts. As companies increase their ETH holdings, Ethereum is becoming more accepted in traditional finance and business management. This change could also affect how regulators view cryptocurrency and encourage more companies in different industries to adopt it. BitMine Immersion Bets Big on Ethereum Intriguingly, BitMine Immersion has been getting attention in the financial and cryptocurrency industry after growing its Ethereum holdings to over $6.6 billion. A week ago, BitMine purchased $21 million worth of ETH . The sharp rise shows that the company is not treating crypto as a side bet; it is making Ethereum the core of its long-term strategy . In a recent statement, BitMine’s chairman, Tom Lee, described Ethereum as one of the greatest trades of the decade. He says several factors are making Ethereum more valuable. These include more interest from big investors and financial institutions moving toward blockchain technology. Meanwhile, its fast growth has already attracted investors like Ark Invest , Founders Fund, Pantera Capital, and Kraken. Notably, Tom Lee’s view matches analysts at Bernstein, who see Ethereum as a leading symbol of blockchain innovation . Interestingly, BitMine aims to own 5% of all Ethereum in the world. Firms Join BitMine in Adopting Ethereum Although BitMine has positioned itself as an Ethereum-dominated treasury, more public firms have added ETH to their balance sheets. Specifically, SharpLink has updated its Ethereum treasury with 39,008 ETH worth about $176.7 million at an average price of $4,531. This purchase brings SharpLink’s total holdings to 837,230 ETH. The company also reported earning 2,318 ETH from staking rewards. This shows its ongoing support for Ethereum’s proof-of-stake network and commitment to the long-term benefits of staking income. In a similar move, The Ether Machine acquired 15,000 ETH for $56.9 million. The firm bought the coins at an average price of $3,809 per ETH, pushing its total holdings to 334,757 ETH. Meanwhile, Ethereum co-founder Vitalik Buterin has voiced support for the Ethereum treasury companies. The post BitMine Immersion Adds 153,075 Ethereum to Reserve appeared first on TheCoinrise.com .
