Ethereum Corporate Holder BitMine Adds 317,000 ETH to its Reserve

BitMine Immersion Technologies announced it has added 317,000 Ethereum (ETH), valued at about $4.9 billion. The disclosure extends the firm’s rapid Ethereum accumulation this summer. It also comes as Ethereum rallies above the $4,000 psychological level. BitMine Becomes Largest ETH Corporate Holder The latest purchase places BitMine as the largest Ethereum corporate treasury globally with total holdings of 1,150,263 ETH. In an earlier purchase, BitMine added 208,137 ETH to its growing crypto treasury. The latest announcement revealed BitMine has added 317,000 ETH, valued at $1.3 billion , to its holdings since last week. BitMine launched its ETH treasury strategy on June 30, 2025. The company also revealed plans to buy back up to $1 billion of its outstanding common stock . Since it announced its Ethereum strategy, BitMine has recorded many key milestones. The firm now ranks as the third-largest crypto treasury in the world, behind only Microstrategy and Mara Blockchain. Firms Join BitMine in Adopting ETH Although BitMine has positioned itself as an Ethereum-denominated treasury, more public firms have added ETH to their balance sheets. Specifically, SharpLink recently purchased an additional 15,822 ETH , valued at around $53.9 million. The firm purchased the coins through multiple transactions, with the largest single transfer involving 6,914 ETH. This buy brought SharpLink’s total ETH holdings to 480,031 ETH, equivalent to approximately $1.65 billion. In a similar move, The Ether Machine acquired 15,000 ETH for $56.9 million. The firm bought the coins at an average price of $3,809 per ETH, pushing its total holdings to 334,757 ETH. Meanwhile, Ethereum co-founder Vitalik Buterin has voiced support for the Ethereum treasury companies. He praised the impact of these firms in expanding ETH to a broader investor base. However, he warned against the risks of excessive leverage in the sector. Ethereum Momentum Continues to Build The increasing interest in ETH among corporate holders comes amid rising prices. The leading altcoin climbed to $4,000 on Friday, August 8, 2025. ETH continued to rally high, trading at $4,288 as of this writing. In the past 24 hours, the ETH price increased by 2.2%. Investor activity has also increased alongside the soaring prices. Notably, ETH daily trading volume increased by 2.3% to $40.4 billion. The post Ethereum Corporate Holder BitMine Adds 317,000 ETH to its Reserve appeared first on TheCoinrise.com .

Source: The Coin Rise