US-based cryptocurrency Ethena's stablecoin, USDe, climbs ranks, now third largest by market capitalization; $ENA token reacts accordingly.
In the dynamic world of cryptocurrency, BitMine Immersion Technologies has made a significant mark, becoming the largest institutional holder of Ethereum (ETH) globally. As of August 2025, BitMine's Ethereum treasury stands at an impressive 833,137 ETH, valued at over $2.9 billion.
This impressive accumulation surpasses previous milestones where BitMine held $500 million then $2 billion in ETH just weeks prior. The company's ambition is to acquire and stake up to 5% of the total Ethereum supply, positioning itself as a major ETH treasury player and the third-largest corporate crypto treasury worldwide, trailing only MicroStrategy (Bitcoin) and Marathon Digital Holdings (MARA).
BitMine's strategy for its ETH treasury, launched in late June 2025, involves reinvesting cash flows, capital markets activities, and staking yield to increase ETH held per share. The company is emulating a model similar to MicroStrategy's Bitcoin treasury approach but with a focus on Ethereum. The aim is to strengthen the Ethereum ecosystem while generating additional returns through staking.
The appointment of Thomas Lee from Fundstrat as Board Chairman adds significant Wall Street credibility to BitMine's strategy. With a history of writing articles on trending topics, Will Izuchukwu, a News/Content Writer and SEO Expert, has been providing insights into this development and the broader Cryptocurrency and Blockchain Industry.
In his constructive and engaging writing style, Will's articles aim to educate and inform readers about various topics, often focusing on news articles and providing insights into current events and trends. His expertise in the Cryptocurrency and Blockchain Industry is evident in his well-researched and fact-based articles.
As BitMine continues to grow its ETH treasury, it solidifies its position as a major player in the Ethereum ecosystem. For those interested in the world of cryptocurrency, keeping an eye on BitMine's moves could prove to be a valuable learning experience.
- As BitMine's ETH treasury grows, it demonstrates a strong commitment to investing in cryptocurrency, particularly Ethereum, with the aim of acquiring up to 5% of the total Ethereum supply.
- Given BitMine's ambition and its strategic approach to reinvesting cash flows, capital markets activities, and staking yield, it positions itself as a significant influencer in the cryptocurrency finance sphere, following a model similar to that of MicroStrategy with a focus on Ethereum.
