BitMine Continues Aggressive Accumulation of Ethereum
BitMine has once again increased its Ethereum treasury, solidifying its position as one of the most active accumulators of ETH in 2025.
Summary
- BitMine now holds 2.07 million ETH, valued at $8.94 billion.
- The recent purchase of 10,320 ETH was completed through Galaxy Digital OTC transfers.
- Ethereum treasuries of over 70 entities now total 4.91 million ETH.
Ethereum treasury firm BitMine Immersion has added 10,320 ETH to its holdings, bringing its total to 2.07 million ETH valued at nearly $8.94 billion. The purchase, worth $44.6 million, was completed through transfers from Galaxy Digital’s over-the-counter desk.
Arkham Intelligence’s blockchain data reveals that this acquisition follows a $358 million single-day ETH buy by BitMine, showcasing its rapid accumulation strategy over the past month.
BitMine’s treasury now represents 1.71% of total ETH supply, with significant room for expansion as it works towards its long-term target. The company’s aggressive accumulation is part of a broader trend where institutional investors are increasingly viewing ETH as a strategic asset.
Ethereum Treasury Growth Across the Sector
BitMine’s accumulation is mirrored by other entities in the sector, with SharpLink Gaming and The Ether Machine also increasing their ETH reserves. SharpLink now holds around 837,000 ETH valued at $3.63 billion, while The Ether Machine has accumulated over 495,000 ETH worth $2.15 billion.
On-chain data highlights the strong performance of these top treasuries, with BitMine’s holdings increasing by 148% in value over the past 30 days. The overall Ethereum treasuries of 70+ entities have reached 4.91 million ETH, equivalent to $21.29 billion, showcasing the growing trend of Ethereum as a preferred asset for treasury accumulation.