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    Bitmine Becomes Largest Ethereum Holder After $358M ETH Purchase

    • currency-symbol ETH $ 4,162.23 (-0.08%) top looser
    Story Highlights
    • Bitmine buys 80,325 ETH worth $358M, becoming Ethereumโ€™s largest corporate holder worldwide.

    • With 1.95M ETH, Bitmine now controls nearly 1.6% of Ethereumโ€™s circulating supply.

    • Ethereum price rises 1.6% after Bitmineโ€™s huge purchase, currently trading near $4,375.

    Ethereum has just seen one of its biggest corporate accumulation moves in recent months. Bitmine Immersion Technologies, under the leadership of strategist Tom Lee, has made headlines by acquiring a massive 80,325 ETH worth about $358 million on September 4, 2025.ย 

    Meanwhile, the massive purchase quickly pushed ETH up 1.6%, with the token trading around $4,375.

    Bitmine Becomes Ethereumโ€™s Largest Corporate Holder

    According to data from Arkham, Bitmine purchased 80,325 ETH worth about $358 million, which came from the institutional business platforms Galaxy Digital and FalconX.

    This move is part of what Bitmine calls its Ethereum โ€œStrategy,โ€ a program aimed at building a long-term position in the networkโ€™s ecosystem. 

    With this buy, Bitmine now holds a total of 1,947,299 ETH, worth around $8.69 billion at current prices.

    Arkham Data Ethereum Buying

    That makes the company the single largest corporate holder of Ethereum worldwide, controlling nearly 1.6% of the tokenโ€™s circulating supply. This gives the company growing influence in the ecosystem, much like MicroStrategyโ€™s role with Bitcoin.

    Other Company Added ETH Into Its Treasury

    Bitmine isnโ€™t the only firm loading up on Ethereum. Sharplink also boosted its treasury, raising its total holdings to 837,230 ETH, worth more than $3.6 billion, after buying 39,008 ETH at an average price of $4,531.

    Another company, Ether Machine, announced a fresh purchase of 150,000 ETH. This move brought its total to 500,000 ETH, valued at about $2.19 billion.

    Together, these moves highlight a growing trend of major firms treating Ethereum as a long-term strategic asset.

    Ethereum Price Outlook

    This wave of accumulation has given Ethereumโ€™s price strong support. ETH is now trading around $4,375, marking a 21% gain in just a month and an impressive 82.5% surge over the past year.

    After touching an all-time high, the coin saw a quick correction as some investors took profits. Still, ETH has managed to stay above the key $4,300 support level, showing signs of resilience.

    Looking ahead, analysts expect fresh bullish momentum by October. If the trend holds, Ethereum could end the year trading above $5,000

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    FAQs

    Which company is now the largest corporate holder of Ethereum?

    Bitmine Immersion Technologies is now the largest corporate holder, with 1.947M ETH worth ~$8.69B, controlling ~1.6% of the supply.

    What was the market impact of Bitmine’s large ETH purchase?

    The massive purchase immediately pushed Ethereum’s price up 1.6%, providing strong support and highlighting institutional demand.

    Are other companies also accumulating Ethereum?

    Yes, firms like Sharplink and Ether Machine are also significantly boosting their ETH treasuries, treating it as a strategic asset.

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