tl;dr
BitMine has quickly accumulated over $3 billion in Ethereum, holding 833,000 ETH—the largest Ethereum treasury by a public company—grown from zero ETH in just 35 days. Led by Chairman Tom Lee, BitMine aims to acquire 5% of Ethereum’s circulating supply (about 6 million ETH). The company distinguishe...
BitMine has swiftly amassed over $3 billion in Ethereum, marking one of the largest crypto asset treasuries by a public company. With a current holding of 833,000 ETH, the firm boasts the world’s largest Ethereum treasury, having grown from zero ETH just 35 days ago.
Under the leadership of BitMine’s board Chairman Tom Lee, co-founder of Fundstrat, the company aims to acquire 5% of Ethereum’s circulating supply—roughly 6,035,480 ETH. Lee highlights the firm's remarkable speed and liquidity in expanding their crypto holdings, differentiating BitMine from other crypto treasury peers by rapidly increasing their net asset value per share.
BitMine operates as a Bitcoin and Ethereum network company, focusing on long-term crypto accumulation funded through bitcoin mining proceeds and capital raises. Their mining operations span several locations, including Trinidad, Murray in Kentucky, and Pecos and Silverton in Texas.
At the time of reporting, Ethereum is priced at $3,641, reflecting a 4.02% gain in the last 24 hours, underscoring the asset’s growing momentum amid BitMine’s aggressive treasury strategy.