BitMine Becomes World’s 2nd Largest Crypto Treasury With $6.6B

Tom Lee’s BitMine Immersion Applied sciences introduced on Monday that it has develop into the second-largest crypto treasury on this planet, behind Michael Saylor’s Strategy.

The agency up to date its Ether holdings figures to 1.52 million ETH price round $6.6 billion. Even with the asset’s retreat, that vast stash is price greater than the $5.88 billion in Bitcoin that MARA holds.

The agency said that it now holds 373,110 extra ETH than every week in the past, and its stash is $1.7 billion greater than every week in the past.

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BitMine at this time introduced ETH holdings of 1,523,373 tokens:

– ETH holdings of 1,523,373 is valued at $6.6 billion ($4,323 ETH)
– 373,110 extra ETH than every week in the past
– $1.7 billion greater than every week in the past

hyperlink ⛓️:https://t.co/xUgJ1TadQ6

— Bitmine BMNR (@BitMNR) August 18, 2025

Tremendous-aggressive Accumulation

“In only a week, BitMine elevated its ETH holdings by $1.7 billion to $6.6 billion, as institutional traders have expressed curiosity and assist for our pursuit of the ‘alchemy of 5%’ of ETH,” said Fundstrat’s Tom Lee, who can also be the Chairman of BitMine.

“As we proceed to say, we’re main crypto treasury friends by each the rate of elevating crypto NAV per share and by the excessive buying and selling liquidity of our inventory.”

Lee echoed feedback he made final week, stating that Ethereum is without doubt one of the largest macro trades over the subsequent 10-15 years.

“Wall Avenue and AI shifting onto the blockchain ought to result in a better transformation of at this time’s monetary system,” he stated earlier than including that “the vast majority of that is going down on Ethereum.”

Ether is rising as a direct method to acquire publicity to the “anticipated meteoric development” in stablecoins because the Ethereum community hosts most of those property, JP Morgan analysts wrote in a notice final week.

Ethereum at present has greater than 55% market share of whole tokenized real-world property on-chain worth, together with stablecoins, according to RWA.xyz.

BitMine has 37% market dominance within the Ethereum treasury sector, which is at present price $17.6 billion with greater than 4 million ETH amassed by companies, according to SER. The agency has targeted a $20 billion Ether treasury.

In the meantime, BTCS Inc. turned the primary public firm to problem a dividend in ETH this week.

ETH Worth Retreats

ETH prices have continued to retreat, nonetheless, because the crypto market correction deepens and the chances of it hitting an all-time excessive this month dwindle.

Ether recovered from Monday’s low of $4,250 however failed to maneuver greater than $4,380, retreating again under $4,300 once more in the course of the Tuesday morning Asian buying and selling session.

The asset has now corrected 10% from its 2025 excessive and is at present buying and selling round assist ranges. A breakdown from right here might end in a quick fall under $4,000, nonetheless.