Bitmine Swells Ether Holdings to $10.9 Billion

Bitmine Immersion Technologies (BMNR) has significantly increased its ether treasury to 5,797,813 ETH, giving it control of 4.8% of the world's second-largest cryptocurrency.

This marks an increase of 10,399 ETH over the prior week and positions Bitmine as the largest corporate ether holder globally and the second-largest corporate crypto treasury overall.

The value of the Ethereum treasury is approximately $10.9 billion at a price per ETH of $1,880, according to a statement from the company.

Bitmine Chairman Tom Lee noted that the asset outperformed the Nasdaq 100 by 2,500 basis points in July, marking the largest monthly outperformance over the index since July 2025.