BitMine strengthened the Ethereum treasury with 3.97 million ETH.

BitMine Strengthens Ethereum Treasury with 3.97 Million ETH

BitMine Immersion Technologies (BMNR) has solidified its position in the industry by moving its Ethereum treasury assets to 3.97 million ETH with a significant recent move. Last week, the company purchased an additional 102,259 ETH, bringing its total to 3,967,210 ETH. Currently, the average purchase price of these assets is at $3,074.

World's Largest Corporate Ethereum Treasury

BitMine's accumulation represents 3.2% of all circulating Ethereum, making the company the largest corporate Ethereum treasury in the world. Among the company's other assets are 193 Bitcoin, $1 billion in cash, and a $38 million strategic stake in Eightco Holdings. This combination has contributed to an increase in BitMine's total crypto, cash, and potential investments to approximately $13.3 billion.

Increase in Global Institutional Participation

BitMine President Tom Lee stated that he believes the anticipated regulatory and legislative changes in Washington by 2025 will bring about stronger institutional participation. The positive effects of these structural changes on Ethereum support the company's growth strategy.

New Step with Staking Solution

Owning the largest ETH treasury globally, BitMine also announced the "Made in America Validator Network" (MAVAN) staking network, which is planned to be launched in early 2026. This network is positioned as "best in class" to support ETH accumulation strategies.

The information provided here does not constitute investment advice. Please check sources for more information.