Bitmine Soars Past $10 Billion with Ethereum Treasury Surge

Bitmine Immersion Technologies significantly increased its Ethereum (ETH) treasury in July, adding 10,399 tokens to reach a total of 5,797,813 ETH. This represents 4.8% of the global ETH supply and gives Bitmine control over one of the largest corporate crypto treasuries.

At an ETH price of $1,880, the treasury is worth approximately $10.9 billion, positioning Bitmine as the largest corporate ETH holder globally and second-largest corporate crypto treasury overall. The company trails only Strategy's $57 billion Bitcoin (BTC) position.

Bitmine Chairman Tom Lee emphasized the company's confidence in Ethereum, pointing out that it outperformed the Nasdaq 100 by a significant margin of 2,500 basis points in July. This marks the asset's largest monthly outperformance over the index since July 2025.