{"id":165154,"date":"2025-08-04T19:45:29","date_gmt":"2025-08-04T16:45:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=165154"},"modified":"2025-08-04T19:32:56","modified_gmt":"2025-08-04T16:32:56","slug":"bitmine-becomes-worlds-largest-public-ethereum-holder-with-2-9b-in-eth","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitmine-becomes-worlds-largest-public-ethereum-holder-with-2-9b-in-eth\/","title":{"rendered":"BitMine Becomes World\u2019s Largest Public Ethereum Holder With $2.9B in ETH"},"content":{"rendered":"
The announcement marks a significant milestone for the company, which only launched its Ethereum treasury strategy in early June.<\/p>\n
BitMine\u2019s ETH holdings have surged from 625,000 ETH just two weeks ago to over 833,000, following a reported purchase of 208,000 ETH worth $739 million on Monday alone. The aggressive accumulation comes as part of a broader equity and convertible issuance plan that has raised nearly $3 billion in less than 35 days.<\/p>\n
The company\u2019s \u201calchemy of 5%\u201d vision, outlined by chairman Tom Lee, sets an ambitious goal: acquiring up to 5% of Ethereum\u2019s total supply. This would further position BitMine as a dominant player in Ethereum\u2019s financial infrastructure, with plans to stake ETH holdings and generate on-chain yield for shareholders.<\/p>\n
In addition to its eye-popping ETH balance sheet, BitMine has attracted a formidable lineup of investors. Bill Miller III, founder of Miller Value Partners, has joined the firm\u2019s capital base alongside Peter Thiel\u2019s Founders Fund and Cathie Wood\u2019s ARK Invest.<\/p>\n