BitMine Becomes Largest Corporate Holder of Ethereum with Over 2 Million ETH
- BitMine’s Ethereum reserves have surpassed 2,069,443 ETH, valued at over $9.21 billion.
- This positions BitMine as the largest corporate holder of Ethereum and the second largest global treasury behind Strategy Inc, which holds 636,505 BTC.
- BitMine’s holdings exceed the total of the next five largest Ethereum treasuries combined.
- The company has set a long-term goal to own 5% of the total ETH supply, having already acquired nearly 40% towards that target.
- BitMine will invest 1% of its balance sheet in ecosystem projects, starting with a $20 million investment in Worldcoin.
Chairman Thomas “Tom” Lee emphasized Ethereum’s potential as a cornerstone for future financial markets, driven by blockchain adoption and AI advancements. The firm’s significant holdings reflect a strategic commitment to expanding its influence within the Ethereum ecosystem.
With over 2 million ETH, BitMine is poised to play a pivotal role in shaping the future of digital finance while also enhancing its market presence on Wall Street.(Source)
