BitMine (NYSE: BMNR) flips the script on ETH treasuries. In just 35 days, it piles up 833,000 ETH. At today’s prices, around $3,500 per ETH on CoinMarketCap, it holds $2.9 billion in ETH. That makes BitMine the largest ETH treasury on the planet. Tom Lee leads the charge. He sets a bold goal: own 5% of total ETH supply . He moves fast. Every new tranche of ETH goes straight into staking. That dual play, stack and stake, drives yield. It also fuels growth. Yield compounds back into the treasury. It’s a self-feeding cycle. Heavy hitters back the plan. Bill Miller III steps in. Cathie Wood throws in her lot. Founders Fund joins too. Their capital helps BitMine hit warp speed. In little more than a month, BitMine vaults past every other ETH holder, public or private. 1/ It has been 1-month since BitMine launched ETH Treasury strategy. 2 milestones announced today: – BMNR now owns 833,137 ETH valued at $2.95 billion – Bill Miller III announced he has taken a major stake in BMNR https://t.co/2w77JQkR8J Ticker: $BMNR — Bitmine BMNR (@BitMNR) August 4, 2025 On the stock market, BMNR grabs attention. Daily volume hits $1.6 billion. That ranks #42 out of 5,702 stocks, per Fundstrat research. Only Uber ($UBER) sits just above it. Traders swarm in. High volume boosts liquidity. More players pile in. That trading buzz adds another layer of demand under ETH’s price. Corporate crypto treasuries now total 2.74 million ETH, worth $9.72 billion. Sixty-three entities hold 2.27% of total ETH supply. That equals 47% of all ETH in ETFs. BitMine leads this pack with its 833,000 ETH ($2.9 billion). Only two companies hold more crypto overall: MicroStrategy ($MSTR) and Marathon Digital ($MARA). BitMine locks in third place on the all-crypto leaderboard, and first in ETH. Why move at such speed? Tom Lee sees ETH as both a store of value and a yield engine. He treats ETH like cash flow. He stakes every unit immediately. Rewards roll in daily. Those rewards buy more ETH. It’s capital recycling at scale. BitMine Goes To Market, With More Ethereum ETH Buys The market feels it. BitMine’s buys average 24,000 ETH per day. At $3,500 each, that’s about $84 million in fresh demand every 24 hours. Such volume tightens supply. It pushes prices higher. Traders note the on-chain flows. Exchanges report large withdrawals. OTC desks struggle to fill orders fast enough. BitMine’s strategy sends ripples through DeFi. Liquidity pools feel the squeeze. Lending rates adjust. Yield curves shift. Some protocols raise incentives to lure back ETH. Others watch quietly, waiting for a pullback . But BitMine shows no signs of slowing. Total Strategic $ETH Reserve has climbed past 2.74M $ETH ($9.72B). 63 entities now hold 2.27% of supply—equal to 47% of all ETF $ETH . Bitmine tops the list with 833K $ETH ($2.9B). Bullish on $ETH ? pic.twitter.com/S5Pvr6sgiR — COIN360 (@COIN360com) August 4, 2025 For institutions, BMNR offers a slick solution. It bundles ETH exposure into a regulated, publicly traded vehicle. That lowers the hurdle for risk managers. They avoid self-custody headaches. They sidestep staking complexities. They tap yield without building infrastructure. It’s a turnkey entry into ETH’s world. Market watchers weigh in. Coin360 tweets: “BitMine grabs the top spot in ETH treasuries, 833K ETH strong.” BitMine’s own feed posts the milestone with a nod to its backers. The community reacts. Analysts update models. Some boost price targets on ETH. Others revise assumptions on staking yields. What’s next? BitMine eyes 4.4 million ETH, that’s 5% of supply. If it keeps the current pace, it could hit that target in under six months. But markets rarely move in straight lines. Price swings could alter yield rates. Macro events might slow institutional flows. Yet BitMine’s blueprint remains clear: accumulate, stake, repeat. This run reshapes how we view corporate treasuries. It shows that a nimble, focused company can vault to the top of global rankings in record time. It underscores the growing blend of public equities and crypto. It proves that ETH is more than a token. It’s a strategic asset. In short: BitMine goes big. It goes fast. And it goes smart. The hunt for yield meets the art of treasury management. All eyes now watch BitMine as it stakes its claim, one ETH at a time. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
