Ethereum treasury firm Bitmine goes all in – now sitting on a whopping 2.069 million ether. Yeah, that’s right, they’re apparently the biggest ethereum treasury out there and the second-biggest crypto treasury on the whole planet. No big deal.
Bitmine Lists 192 Bitcoin, $266M Cash & a Whole Lotta Ether
So, as of Sept. 7 at 8:30 p.m. Eastern (because timing is everything when you want to brag), Bitmine drools about a total stack north of $9.21 billion. They’re holding on to 2,069,443 ether (priced at a casual $4,312 each), 192 bitcoin (BTC), and wait for it – $266 million in cash, no strings attached. They’re trading on the NYSE American under ticker BMNR, which sounds like a robot trying to say “bit mine.” Oh, and yeah, they just HAD to put this in a press release on Sept. 8.
Now, they’re claiming the crown as No. 1 ethereum treasury and the runner-up in global crypto treasuries – behind Strategy Inc. (MSTR), which is flexing a stonking 638,460 BTC, roughly $71 billion. Bitmine’s basically telling us ethereum ( ETH) is their ride-or-die long-term play, which is cute.
Oh, and guess what? Bitmine just dropped $20 million into Eightco Holdings Inc. (Nasdaq: OCTO). That’s Eightco’s $270 million private investment in public equity-fancy talk for “we’re playing with the big kids now.” Eightco plans to use Sam Altman-backed World’s WLD token (an ERC20, naturally) as their main squeeze for treasury holdings. Because why not add more acronyms and tokens to the mix?
This Eightco move? It’s the first shiny toy in their “Moonshot” program, where Bitmine pledges to throw about 1% of their king-sized balance sheet at projects that aim to keep that Ethereum network and shareholder value chugging along. You know, aiming for the moon because earth is so last year.
And they’re not just sitting on their piles. According to these guys, their stock is trading like hotcakes – around $1.7 billion daily in dollar volume in early Sept., landing BMNR at No. 30 among U.S. equities by volume. Because who doesn’t love a little volume to keep things spicy?
Backing Bitmine in this circus are the usual suspects: Cathie Wood’s Ark Invest, Mozayyx, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. This squad apparently supports Bitmine’s dream of snagging 5% of ETH. Five percent! Because who needs modesty when you can buy up half the ether on the damn planet? 🤑
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2025-09-08 17:07