Bitmine Becomes World's Largest ETH Treasury—Holds 4.06M ETH, Targets 5% of Supply

Headline: Bitmine Immersion Becomes Largest Ethereum Treasury, Surpasses 4.06M ETH as It Targets 5% of Supply Bitmine Immersion (BMNR) has quietly surged to the top of Ethereum’s corporate treasuries, pushing its holdings past 4.06 million ETH and firmly establishing itself as the world’s largest ETH holder. The firm now controls roughly 3.37% of the entire Ethereum supply — a concentration normally only seen in early corporate Bitcoin treasuries. Rapid accumulation According to company disclosures and CoinGecko’s treasury tracker, Bitmine added 98,852 ETH in a single week and more than 506,000 ETH over the past 30 days. The company’s total crypto and cash reserves are now about $13.2 billion, backed by strong trading liquidity. CoinGecko’s ranking shows Bitmine’s stash is more than four times larger than the next biggest corporate ETH holder, and it’s the only top-10 treasury to show a materially positive 30‑day accumulation. A different institutional playbook Bitmine’s build-up comes as spot Ethereum ETF demand cools. SoSoValue data indicate that the summer’s inflow wave — which helped lift ETH from June through August — has given way to a consolidation phase with weaker ETF participation. Rather than follow ETF flows, Bitmine appears to be buying into market weakness and pursuing what it calls the “alchemy of 5%,” an explicit target to own 5% of the global ETH supply. Market implications Large, centralized treasuries behave differently from ETFs. While ETFs can be highly reactive to daily sentiment and macro news, treasury accumulation often accelerates during downturns, removing supply from circulation. With Ethereum’s net issuance already at historically low levels, Bitmine’s stockpiling tightens the available supply and could amplify future price cycles. Price context ETH is trading around $2,990 — below mid-year peaks but holding near longer-term support. The recent ETF-driven correction contrasts with strengthening on-chain fundamentals, and Bitmine’s contrarian buying underscores confidence in Ethereum’s long-term monetary structure and settlement role. Disclaimer: This article is informational only and should not be taken as investment advice. Cryptocurrency trading is high-risk; readers should do their own research before making decisions. © 2025 AMBCrypto Read more AI-generated news on: undefined/news