Emre Yumlu 
Corporate investments in the crypto market continue unabated, and one of the most notable moves recently came from BitMine. Last week, the company made a massive purchase, pushing its Ethereum (ETH) treasury to a record level.
BitMine Reaches New Heights with Ongoing Purchases
BitMine purchased over 370,000 ETH last week, raising its total holdings to 1,520,000 ETH. Following this acquisition, the company’s Ethereum assets reached $6.5 billion. Additionally, the company’s portfolio includes 192 Bitcoin (BTC).
With this move, BitMine has become the world’s largest Ethereum treasury and ranks second in the global crypto treasury list, behind MicroStrategy, which holds 628,946 BTC.
Long-Term Confidence in Ethereum
Thomas Lee, Chairman of BitMine, emphasized that this massive purchase reflects institutional investors’ confidence in Ethereum. According to Lee, Ethereum is poised to be one of the biggest macro investments over the next 10–15 years.
The company supports its treasury growth strategy not only through purchases but also via capital raises. Lee highlights that Wall Street and AI moving onto blockchain will play a critical role in shaping the new financial system.
BitMine’s Market Position
BitMine is now one of the most widely traded stocks in the US. With an average daily trading volume of $6.4 billion, the company surpasses major names like JPMorgan and Alphabet in terms of trading activity.
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