BitMine Becomes Largest Corporate Ethereum Holder with Nearly $5B ETH Treasury

BitMine Immersion (BMNR) has rapidly expanded its Ethereum holdings to over 1.15 million ETH, valued at nearly $5 billion, making it the largest corporate Ethereum treasury globally. The company added approximately 317,000 ETH, worth about $1.3 to $2 billion, since early August, reflecting an aggressive accumulation strategy aimed at capturing 5% of all Ethereum in existence. This surge has propelled BitMine's stock liquidity, now ranking as the 25th most liquid U.S. stock with daily trading volumes of $2.2 billion, up from 42nd place earlier this year. BitMine chairman Tom Lee highlighted Ethereum's potential for significant price appreciation driven by regulatory clarity, institutional adoption, and major firms building on the platform, comparing the moment to Bitcoin's 2017 rally. The company's stock has seen substantial gains, rising over 24% recently and surging 634% since January, underscoring growing investor confidence in Ethereum's role within traditional financial markets. These developments exemplify the increasing institutional embrace of cryptocurrency assets and their influence on equity markets.