BitMine, led by Chairman Tom Lee, has significantly expanded its crypto treasury, adding over 190,000 ETH worth $873 million in just one week. This move brings the company’s total Ethereum holdings to 1.71 million tokens, reinforcing its position as the largest corporate holder of ETH globally. The firm’s total assets surged from $6.6 billion to $8.8 billion, marking a 32 percent increase.
Institutional Investors Fuel BitMine’s Treasury Strategy
Tom Lee revealed that BitMine has been raising capital from institutional investors at an unprecedented pace. The company’s goal is to acquire five percent of the total Ethereum supply, a strategy that reflects its belief in Ethereum’s role as a cornerstone of future global finance. Major investors such as ARK Invest, Founders Fund, and Galaxy Digital have backed BitMine, signaling strong institutional confidence in Ethereum.
Lee likened the current financial transformation to the post-Bretton Woods era, emphasizing how blockchain and artificial intelligence are reshaping the investment landscape. BitMine’s stock has also gained traction, trading an average of $2.8 billion daily, making it one of the most liquid equities in the US market.
Ethereum Price Dips but Long-Term Outlook Remains Strong
Despite BitMine’s bullish accumulation, Ethereum faced a 4 percent price drop, falling to $4,585. This decline was attributed to profit-taking after recent rallies. However, Ethereum remains up 23 percent over the past month and 84 percent in six months, with a five-year gain exceeding 1,000 percent. BitMine’s aggressive treasury growth continues to support a long-term bullish outlook for ETH.
Frequently Asked Questions (FAQs)
- What is BitMine’s current Ethereum holding?
BitMine holds 1.71 million ETH, the largest corporate Ethereum treasury globally.
- Why is BitMine accumulating Ethereum?
The company aims to acquire five percent of the total ETH supply, believing Ethereum will anchor future global finance.
- Is Ethereum still bullish despite the price drop?
Yes, long-term performance remains strong, and institutional accumulation supports a bullish outlook.
