#BitMine $ETH Holdings Surge Past $1 Billion as Corporate Treasury Race Intensifies


BitMine Immersion Technologies now holds 300,657 $ETH worth over $1 billion, making it the largest publicly traded corporate Ethereum holder.


The company's Ether stash doubled from $500 million just three days earlier, exceeding its $250 million PIPE proceeds by over 300%.


BitMine's strategy mirrors MicroStrategy's $BTC approach but focuses exclusively on $ETH, which trades near $3,420.


Peter Thiel's Founders Fund acquired a 9.1% stake in BitMine, sending shares up 27% in pre-market trading.


The crypto miner has leapfrogged #SharpLink Gaming, which holds 280,706 $ETH worth $962 million.


Both companies now own more $ETH than the #Ethereum Foundation itself.


$ETH has posted a 35% year-to-date gain as institutional adoption accelerates.


BitMine shares (BMNR) jumped over 7% on the news as investors embrace the $ETH treasury strategy.

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July 17, 2025 at 5:40 PM
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