BitMine Immersion has increased its Ethereum reserves by 153,075 coins, worth approximately $668 million. This purchase has strengthened its position in the crypto space.
BitMine Immersion Purchase
According to Lookonchain data, this purchase brings BitMine's total Ethereum holdings to 1,866,974 ETH, valued at nearly $8.15 billion. This move makes BitMine the largest corporate holder of ETH in the world, highlighting the company's rapid growth in the crypto market.
Ethereum Strategy
BitMine launched its ETH strategy on June 30, 2025, and has plans to buy back up to $1 billion in stock. The company believes in Ethereum as an important asset for decentralized finance and smart contract utilization.
Support from Other Firms
While BitMine leads, other public companies are also increasing their ETH holdings. For instance, SharpLink added 39,008 ETH valued at approximately $176.7 million, and The Ether Machine acquired 15,000 ETH for $56.9 million.
Thus, as BitMine Immersion strengthens its position in the crypto space, both it and other companies actively engage in increasing their Ethereum reserves, reflecting the growing interest in this asset in traditional and digital economies.
