BitMine adds $113M in ETH, bringing its holdings to $13.66B as Ethereum treasuries now control 5.01% of total supply.
BitMine Immersion Technologies has expanded its Ethereum holdings by acquiring $113 million worth of ETH, according to blockchain monitoring sources. The purchase brings the company’s total treasury to over 3.3 million ETH, reinforcing its position as the largest Ethereum holder in the corporate sector.
Blockchain analytics account Lookonchain reported that BitMine acquired 27,316 ETH on Tuesday using the wallet address “0xDc8…3a07f.”
The data was sourced via Arkham Intelligence and showed the transfer was made from BitGo, a crypto custody provider. As of now, BitMine has not publicly confirmed this specific transaction.
The acquisition follows BitMine’s Monday announcement, where the company disclosed its Ethereum treasury had surpassed 3.3 million ETH.
At current prices, this holding is valued at approximately $13.2 billion. The onchain movement aligns with the company’s stated goal of increasing its ETH reserve.
This move reinforces BitMine’s strategy to build a large Ethereum-based treasury. The company, led by Fundstrat co-founder Tom Lee, has said it aims to accumulate 5% of Ethereum’s total supply. The recent purchase brings it closer to that target.
Data shows that Ethereum treasury companies now hold approximately $24.97 billion in ETH. This figure represents 5.01% of Ethereum’s total supply. Corporate ETH holdings have grown steadily throughout 2025, led largely by BitMine’s aggressive acquisition strategy.
BitMine alone now holds ETH worth $13.66 billion, making up over half of the total ETH held by corporate treasuries.
With these holdings, BitMine has reached the halfway mark in its goal to acquire 5% of the total Ethereum supply. The company remains the largest corporate holder of Ethereum to date.
Ethereum’s expanding use in treasury strategies reflects growing institutional interest in blockchain infrastructure. Many of these firms are investing in Ethereum as a platform for future decentralized applications, smart contracts, and tokenized finance tools.
Tom Lee has continued to support Ethereum as a core blockchain for institutional adoption.
In past statements, he said Ethereum’s neutral and programmable architecture makes it a strong candidate for use in government and corporate systems. He also commented that the chain is “better aligned” with future financial innovation.
BitMine’s goal to reach 5% of the total ETH supply reflects a focused strategy that sets it apart from traditional corporate treasuries. While other firms often prioritize Bitcoin, BitMine has concentrated its efforts on Ethereum, citing its versatility and long-term potential in financial services.
As Ethereum’s price trades around $4,000, the market will watch how large holders like BitMine influence treasury trends. While the ETH price has fallen 2.36% in the last 24 hours, long-term accumulation strategies continue among major institutions.
Ethereum’s role in corporate treasuries appears to be expanding.
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