BitMine Immersion Becomes the Largest Ethereum Treasury with Nearly $5 Billion in ETH

Ethereum treasuries are growing rapidly as major players accumulate significant amounts of ETH. BitMine Immersion is leading the pack and is now the largest Ethereum treasury in the world.

It recently purchased another 317,126 ETH, making it the first Ethereum treasury company to hold over 1 million ETH. 

BitMine Emerges as the World’s Largest Ethereum Treasury

In a recent press release, BitMine Immersion Technologies revealed that it now holds over $4.96 billion in Ethereum. As of August 10th, the company owns 1,150,263 ETH. BitMine launched its ETH Treasury strategy on June 30th, completing it by July 8th. In just five weeks, it has become the world’s largest ETH treasury and the third-largest crypto treasury overall, only behind MicroStrategy and Mara Blockchain.

“In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion, lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” said Tom Lee, Fundstrat Chairman and BitMine Board Chair.

He also said that BitMine is outperforming peers by quickly growing its crypto value per share while keeping its stock highly liquid and easy to trade. The company plans to own at least 5% of all Ethereum in the future.

BitMine Becomes A Top-Traded Stock

Impressively, BitMine has also become one of the most actively traded stocks in the US. With an average daily trading volume of $2.2 billion over five days (as of August 8, 2025), it ranks 25th out of 5,704 US-listed stocks, trading more than big names like JPMorgan and Micron, and just behind Costco.

BitMine has also become South Korea’s top foreign stock pick among retail investors, attracting about $259 million since July. 

Ethereum Treasuries Soar with 3.48M ETH Held

Data from strategicethreserve.xyz shows that around 3.48 million ETH, worth $14.88 billion, is held by 65 participants, making up 2.88% of the total ETH supply. BitMine Immersion leads, followed by Sharplink Gaming with over 598,000 ETH, and the Ether Machine with 345,400 ETH.

In a recent CNBC interview, Tom Lee said Ethereum could be entering a “2017 Bitcoin” phase, backed by growing institutional demand and a more favorable regulatory climate in the US. He also said ETH prices might rise to $30,000 if these trends keep up.

Big buys by crypto treasuries helped push ETH over $4,300 this weekend. It is currently trading at $4,270, about 12% below its all-time high. After BitMine’s treasury update, its token rose 9%.