{"id":10417,"date":"2025-09-11T08:10:07","date_gmt":"2025-09-11T08:10:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-adds-over-46k-eth-to-treasury-as-total-holdings-near-10b\/"},"modified":"2025-09-11T08:10:25","modified_gmt":"2025-09-11T08:10:25","slug":"bitmine-adds-over-46k-eth-to-treasury-as-total-holdings-near-10b","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-adds-over-46k-eth-to-treasury-as-total-holdings-near-10b\/","title":{"rendered":"BitMine adds over 46k ETH to treasury as total holdings near $10B"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BitMine Immersion Technologies, a crypto miner turned Ethereum treasury company, has fattened its ETH stash with a second purchase this week, this time buying $200 million worth of the second-largest cryptocurrency.<\/p>\n<div id=\"cn-block-summary-block_e7d9e3b7f5177b784a1c59138f4db495\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine bought 46,255 ETH worth about $200M in its second purchase this week.<\/li>\n<li>The company\u2019s total holdings now stand at 2.116M ETH valued at over $9.2B.<\/li>\n<li>Public firms collectively hold around 3.62M ETH.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Although BitMine has not disclosed its latest purchase, eagle-eyed researchers at blockchain analytics platform Lookonchain have <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/1965942441145676206\" target=\"_blank\" rel=\"nofollow\">flagged<\/a> that 46,255 Ether had made its way into BitMine\u2019s coffers on Wednesday.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BitMine ETH purchases | Source: Lookonchain on X.<\/figcaption><\/figure>\n<p>BitMine reportedly executed the purchase across three separate transactions via digital asset trust Bitgo, with the investment amount standing at roughly $200.43 million as estimated by Lookonchain.<\/p>\n<h1 class=\"wp-block-heading\">BitMine remains the largest ETH treasury firm<\/h1>\n<p>Including today\u2019s ETH buy, the Nevada-based company\u2019s total purchase this week has translated into a roughly $250 million allocation, with the company picking up 56545 ETH.<\/p>\n<p>On Monday, the company said it had picked up over 202,469 ETH the previous week for approximately $881 million at the time.<\/p>\n<p>As of Sep. 11, BitMine\u2019s total Ether holdings constitute approximately 2.116 million ETH, valued at over $9.2 billion. This makes up around 1.75% of Ethereum\u2019s circulating supply, and cements BitMine\u2019s status as the world\u2019s largest public Ethereum holder.<\/p>\n<p>Since pivoting to a crypto treasury strategy in June and adopting an \u201casset-light\u201d model focused on capital markets and staking yields, the company has steadily funded its Ether stash via direct investments. Over the long run, it plans to hold 5% of Ethereum\u2019s total supply.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>One of the key motivations behind the firm\u2019s pivot was to enhance shareholder value, and that bet has played off quite nicely, with company shares up roughly <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/quote\/BMNR\/?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAK-FxZlhYcNaSZTXq1kKNhQFdnNy5Y64G1auZQrgl2hAhvE6pb2iQIV0P3zazN3oH2ql4Ii3ynDW6B_WKZfIdkThuzV4YqyhwnbKWsynTSPlwj5UncWSL-QAK2b6T2IchPqC4wbY2J-yRDiz_24urLyzvOecrGJt-4AgO_DYu7gN&amp;guccounter=2\" target=\"_blank\" rel=\"nofollow\">970%<\/a> since it disclosed its ETH treasury plans.<\/p>\n<p>Among its largest shareholders is Ark Invest, the Cathie Wood\u2013led asset management firm, which holds 6.7 million shares in BitMine Immersion Technologies.<\/p>\n<p>Last month, the company onboarded David Sharbutt, a former American Tower board member who is known for scaling infrastructure-heavy businesses, to its board to help guide BitMine\u2019s long-term Ethereum strategy.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum treasury race heats up<\/h2>\n<p>BitMine joins a slowly growing list of public companies that have bet on Ethereum\u2019s long-term potential. Some of the leading names include SharpLink Gaming, The Ether Machine, and Bit Digital, all of which have made sizable ETH allocations in recent weeks as part of their treasury strategies.<\/p>\n<p>At the time of publication, approximately 3.62 million ETH were being held by public companies according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ethereumtreasuries.net\/\" target=\"_blank\" rel=\"nofollow\">data<\/a> tracked by Ethereum Treasuries.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies, a crypto miner turned Ethereum treasury company, has fattened its ETH stash with a second purchase this week, this time buying $200 million worth of the second-largest&hellip;<\/p>\n","protected":false},"author":1,"featured_media":476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10417"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10417\/revisions"}],"predecessor-version":[{"id":10418,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10417\/revisions\/10418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/476"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}