{"id":11416,"date":"2025-09-22T14:34:01","date_gmt":"2025-09-22T14:34:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-takes-2-slice-of-ethereum-supply-as-holdings-hit-10-8b-mark\/"},"modified":"2025-09-22T14:34:07","modified_gmt":"2025-09-22T14:34:07","slug":"bitmine-takes-2-slice-of-ethereum-supply-as-holdings-hit-10-8b-mark","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-takes-2-slice-of-ethereum-supply-as-holdings-hit-10-8b-mark\/","title":{"rendered":"BitMine takes 2% slice of Ethereum supply as holdings hit $10.8b mark"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BitMine now controls a stake larger than most crypto-native institutions, amassing over 2% of Ethereum\u2019s supply in under three months. The aggressive accumulation signals a bullish conviction and the rise of public companies as power players in digital-asset ownership.<\/p>\n<div id=\"cn-block-summary-block_56732d25bb081395fd29c869d99cbacb\" 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 now holds more than 2.4 million ETH tokens, over 2% of Ethereum\u2019s supply, in under three months.<\/li>\n<li>The firm\u2019s $11.4 billion war chest makes it the largest corporate Ethereum holder, ahead of rivals.<\/li>\n<li>Its rapid accumulation links directly to rising equity performance and a long-term ETH thesis.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a press release dated September 22, BitMine Immersion Technologies now holds more than 2.4 million Ether (ETH) tokens, a stake equal to just over 2% of Ethereum\u2019s circulating supply.<\/p>\n<p>The firm <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-exceed-2-of-ethereum-network-with-eth-holdings-exceeding-2-4-million-tokens-and-total-crypto-and-cash-holdings-of-11-4-billion-302562831.html\" target=\"_blank\" rel=\"nofollow\">said<\/a> its total crypto and cash reserves stand at $11.4 billion, including Bitcoin, a $175 million position in Eightco Holdings, and $345 million in unencumbered cash. The disclosure makes BitMine the single largest corporate holder of Ethereum, eclipsing competitors and reinforcing its stated goal of cornering 5% of ETH supply.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>BitMine\u2019s Ethereum bet and the road to 5%<\/strong><\/h2>\n<p>BitMine\u2019s aggressive accumulation strategy is rooted in a specific macroeconomic thesis championed by Chairman Tom Lee. The company\u2019s pivot to Ethereum accelerated dramatically in early August, when it first announced it held 1% of the supply. At that time, BitMine\u2019s equity was trading around $38.<\/p>\n<p>The rapid doubling of its position to 2% coincides with a share price that has since climbed to more than $61, directly linking corporate strategy to market performance. Lee frames current regulatory shifts, specifically the GENIUS Act and the SEC\u2019s Project Crypto, as watershed moments comparable to the end of the Bretton Woods system, creating a fertile ground for a \u201csupercycle\u201d in digital assets.<\/p>\n<p>Lee\u2019s long-term conviction stems from the belief that Ethereum is the primary infrastructure upon which future financial and technological systems will be built. He envisions a convergence of traditional finance and artificial intelligence onto blockchain networks, with Ethereum serving as the foundational settlement layer.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs we mentioned in our August Chairman\u2019s message, the convergence of both Wall Street moving onto the blockchain and AI\/ agentic-AI creating a token economy is creating a supercycle for Ethereum. And the power law benefits large holders of ETH, hence, we pursue the \u2018alchemy of 5%\u2019 of ETH,\u201d Lee said.<\/p>\n<\/blockquote>\n<p>BitMine\u2019s ambitious strategy is backed by a consortium of institutional investors, including ARK\u2019s Cathie Wood, Founders Fund, Pantera Capital, Kraken, and Galaxy Digital, among others. However, BitMine is not alone in recognizing the value of Ethereum as a treasury asset, but it is decisively leading the pack.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/treasuries\/ethereum\" target=\"_blank\" rel=\"nofollow\">data from CoinGecko<\/a>, a total of 12 tracked entities hold a combined 3,518,818 ETH. BitMine\u2019s 2.4 million tokens alone constitute approximately 68% of this aggregate amount held by its known competitors. The second-largest holder, SharpLink, trails with 837,230 ETH, making BitMine\u2019s dominance in the corporate Ethereum treasury space nearly absolute.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine now controls a stake larger than most crypto-native institutions, amassing over 2% of Ethereum\u2019s supply in under three months. The aggressive accumulation signals a bullish conviction and the rise&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11416","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\/11416","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=11416"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11416\/revisions"}],"predecessor-version":[{"id":11417,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11416\/revisions\/11417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8125"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}