Bitmine, the publicly traded company led by Tom Lee and trading under the ticker BMNR, has acquired an additional 76,881 Ethereum tokens. The purchase brings its total holdings to 5.62 million ETH, a stash that positions the firm as the second-largest corporate crypto treasury in the world.
Only Strategy, the Michael Saylor-led company formerly known as MicroStrategy, holds more crypto on its balance sheet. Where Strategy built its empire on Bitcoin, Bitmine is making a very different bet: Ethereum.
A massive Ethereum position
To put 5.62 million ETH in context, that’s a meaningful slice of Ethereum’s total circulating supply. At current prices, a position that size represents a multi-billion-dollar wager on the long-term value of the network.
The latest tranche of roughly 77,000 ETH signals that Bitmine isn’t just holding. It’s actively accumulating. This is the corporate treasury playbook that Strategy pioneered with Bitcoin, now being applied to Ethereum at scale.
