BitMine continues its aggressive Ethereum accumulation in 2025, adding another 10,320 ETH to its treasury. According to on-chain tracker Lookonchain, the latest purchase was valued at roughly $44.6 million at the time of transfer, bringing BitMine’s total Ethereum holdings to 2.07 million ETH, worth nearly $8.94 billion.
Data from Arkham Intelligence indicates the acquisition was executed through three separate transfers from Galaxy Digital’s over-the-counter desk. This move follows just days after the firm completed one of the largest single-day ETH purchases on record, valued at $358 million, further extending its month-long buying spree.
With its latest purchase, BitMine’s Ethereum treasury now accounts for roughly 1.71% of the total ETH supply, all amassed in under two months. Despite the rapid accumulation, the company has reached only 34.2% of its longer-term target, leaving ample room for further growth as it continues building its reserves.
BitMine’s buying activity reflects a broader trend in the sector, where more firms are steadily increasing their Ethereum holdings, driving total institutional reserves higher and signaling growing confidence in ETH as a strategic asset.
Ethereum Treasury Expansion Gains Momentum
Corporate and institutional Ethereum treasuries have continued to expand in recent months, with fresh inflows indicating sustained commitment to stockpiling the asset. The growth follows a strong summer period when ETH reserves accelerated across numerous entities.
Alongside BitMine, SharpLink Gaming has been actively growing its Ethereum reserves, now holding around 837,000 ETH valued at $3.63 billion, making it the second-largest corporate holder. The Ether Machine holds the third spot, with more than 495,000 ETH worth roughly $2.15 billion in its treasury.
Over the past 30 days, the top three treasuries have seen significant growth: BitMine’s holdings jumped 148% in value, SharpLink gained 60%, and Ether Machine rose 43%, according to on-chain data.
Behind these headline numbers is a broader trend of Ethereum treasury accumulation. Since mid-July, over 70 firms have added ETH to their reserves, bringing total institutional holdings to 4.91 million ETH, valued at $21.29 billion—just over 4% of the total supply. This rapid build-up underscores Ethereum’s rising status as a preferred asset for corporate treasury strategies.
