BitMine's Crypto Treasury Swells to $8 Billion Amid Market Fluctuations
BitMine Holds $8 Billion in ETH and Bitcoin
BitMine Immersion Technologies, overseen by Thomas “Tom” Lee, has announced its treasury reached $8.8 billion as of August 24, 2025, comprising 1.7 million ETH, 192 BTC, and over half a billion in cash.
However, recent market volatility, which saw Bitcoin dip below $111,000 and Ether around $4,600, has reduced the value of BitMine’s digital assets to approximately $8 billion. Despite this, the company maintains its position as the largest corporate holder of Ethereum, surpassing competitors like SharpLink Gaming and Bit Digital.
Key Highlights:
- Ethereum Dominance: BitMine remains the world's largest ETH treasury.
- Asset Allocation: The treasury includes 1.71 million ETH and 192 BTC, totaling $8.8 billion in crypto and cash assets.
- Market Impact: Despite a market dip, BitMine's holdings remain substantial.
Ethereum's Macro Trade
BitMine’s Ethereum reserves increased by 190,500 ETH in a single week. Its Bitcoin holdings have remained constant at 192 units. Tom Lee stated that the company has been raising capital from institutional investors at a rapid pace.
BitMine shares averaged $2.8 billion in daily dollar volume over five sessions as of August 24, 2025, putting it among the market's most actively traded stocks, exceeding JPMorgan and Palo Alto Networks.
Lee reiterated his long-term bullish outlook on Ethereum, stating, "We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years... Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”
Global Crypto Treasury Ranking
BitMine is not only the leading Ethereum treasury but also the second-largest crypto treasury globally, only behind Strategy, which holds 629,376 BTC valued at $71 billion.