BitMine Immersion Technologies – a strategic Ethereum company based in the US – has recently drawn significant attention in the cryptocurrency market by strongly increasing its Ethereum (ETH) holdings within just one week. According to updated information on August 11, the company's total ETH assets reached over $4.96 billion, equivalent to 1,150,263 ETH, with a reference price of $4,311/ETH (according to Bloomberg). This achievement makes BitMine the largest ETH reserve unit and the third-largest cryptocurrency holding organization globally, after MicroStrategy and Mara Blockchain.
Notably, BitMine's ETH reserve strategy only began on June 30 and completed its first transaction on July 8, but within just 5 weeks, the company made a spectacular leap. From 833,000 ETH, they added an additional 317,000 ETH in just 7 days, raising their holdings to nearly $5 billion. This is a "dizzying" asset accumulation speed in the industry, especially as the cryptocurrency market enters a strong growth phase under President Donald Trump's administration – which is promoting more blockchain and fintech-friendly policies.
Mr. Thomas "Tom" Lee – BitMine's Chairman and also a Fundstrat analyst, known as an "ETH bull" in this price increase market – stated:
"We are leading the industry in both net value growth rate per share and stock liquidation. Raising our ETH from 833,000 to over 1.15 million in just one week is clear evidence of BitMine's high-speed Ethereum strategy."
This move not only consolidates BitMine's position on the global cryptocurrency map but also reflects growing confidence in Ethereum as a long-term strategic asset. Many experts suggest that with the trend of large organizations continuing to buy in, ETH prices could enter a new growth cycle, especially as political and policy factors in the US are currently creating a more favorable environment for the blockchain industry.
