Tom Lee’s BitMine adds 234,846 Ethereum, total ETH holdings top 2.6 million

Key Takeaways

• BitMine Immersion Technologies added 234,846 ETH to reach a total of 2,6 Ethereum tokens in its holdings.
• BitMine is now the largest ETH treasury globally and the second-largest overall crypto treasury after Strategy Inc.

BitMine Immersion Technologies added 234,846 Ethereum tokens to its holdings in the last week, bringing its total ETH possession to over 2,6 million units valued at approximately $11 billion, the company announced on Monday.

The leading Ethereum treasury firm reported $436 million in unencumbered cash, while its Bitcoin holdings remain steady at 192 BTC. BitMine also disclosed a $157 million equity position in Eightco Holdings.

The company continues to rank as the world’s second-largest crypto treasury, trailing only Strategy, which holds 640,031 BTC valued at nearly $72 billion.

“As we enter the final months of 2025, the two Supercycle investing narratives remain AI and crypto. And both require neutral public blockchains. Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime,” said Thomas “Tom” Lee, Chairman of BitMine and founder of Fundstrat.

The company’s stock has become one of the most actively traded in the US market, with a five-day average daily trading volume of $2.6 billion as of September 26, ranking 26th among 5,704 US-listed stocks, according to Fundstrat research.

BitMine’s institutional investor base includes ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital, supporting the company’s goal of acquiring 5% of ETH supply.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” Lee added. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”

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