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 with a significant move, transferring its Ethereum treasury assets to 3.97 million ETH. The company recently purchased an additional 102,259 ETH, bringing the total to 3,967,210 ETH. Currently, the average acquisition price for these assets stands at $3,074.

World's Largest Corporate Ethereum Treasury

BitMine's accumulation represents 3.2% of the total circulating Ethereum, making it the world's largest corporate Ethereum treasury. Among the company’s other assets are 193 Bitcoins, $1 billion in cash, and a strategic stake of $38 million in Eightco Holdings. This combination has helped BitMine's total cryptocurrency, cash, and potential investments rise to approximately $13.3 billion.

Increase in Global Corporate Participation

BitMine President Tom Lee stated that they believe the expected regulatory and legislative changes in Washington by 2025 will bring about stronger corporate participation. The positive impact of these structural changes on Ethereum supports the company's growth strategy.

A New Step with Staking Solution

Holding the largest ETH treasury globally, BitMine also announced the launch of the “Made in America Validator Network” (MAVAN), a staking network planned to be operational by early 2026. This network is positioned as “best-in-class” to support ETH accumulation strategies.

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