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ethereum

BitMine’s Ethereum Holdings Top 2.1 Million After Fresh 46,255 ETH Buy

Ash Tiwari
by Ash Tiwari
3 weeks ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Earlier today, Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its ETH holdings, as on-chain data reveals that the firm purchased another 46,225 tokens, increasing its total ETH holdings to over 2.1 million ETH.

BitMine’s Total Ethereum Holdings Surge Past 2.1 Million ETH

According to an X post by on-chain analytics account Lookonchain, BitMine seems to have further increased its total ETH holdings. Notably, the firm’s wallet added another 46,225 ETH to its total holdings, worth slightly more than $200 million.

Related Reading: VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises

It should be recalled that on September 8, BitMine had bought 202,500 ETH, helping it boost its total ETH holdings to more than two million for the first time ever. Eventually, the firm aims to hold 5% of the total ETH supply.

The New York Stock Exchange-listed (NYSE) firm has been on an ETH buying spree all summer. Following today’s purchase, its total ETH holdings have now surged above 2.1 million, worth approximately $9.27 billion at the time of writing.

It is worth highlighting that BitMine currently holds the largest amount of ETH among all public companies. According to data from Coingecko, SharpLink is a distant second on the list, with 837,230 ETH on its balance sheet.

Other firms like Coinbase (136,782 ETH), Bit Digital (120,306 ETH), and ETHZilla (102,246 ETH), round up the top five holders of ETH. Notably, nine out of the top ten firms holding the most amount of ETH are US-based.

cg
Source: Coingecko

Following today’s purchase, BitMine’s stock BMNR is trading at $47.85, up 4.93% on the day. On a year-to-date (YTD) basis, the stock has jumped a whopping 559%, making it one of the best performing crypto-related stocks this year.

ETH
Source: Yahoo! Finance

ETH Giving Bitcoin A Run For Its Money

As an increasing number of firms embrace ETH as the digital asset of choice, attention has been steadily moving away from the largest cryptocurrency by market cap, Bitcoin (BTC). However, this does not mean that ETH has completely displaced BTC.

Related Reading: The Flippening? Ethereum ETFs Attract $4 Billion This Month, While Bitcoin Products Struggle

That said, the trend of companies choosing to add ETH to their balance sheets gained significant momentum in 2025. Yesterday, Cyprus-based firm Robin Energy announced it had bought ETH worth $5 million.

Similarly, in August, SharpLink bought another 56,533 ETH to increase its total ETH reserves. In the same vein, Jack Ma-linked Yunfeng Financial invested close to $44 million into ETH earlier this week.

ETH could see further price appreciation as staking activity on the network continues to grow at an exponential rate. At press time, ETH trades at $4,435, up 1.5% in the past 24 hours.

ethereum
Ethereum trades at $4,435 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image from Unsplash.com, charts from Coingecko, Yahoo! Finance and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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