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BitMine’s Ethereum treasury expands with $201M ETH addition and new strategic investments

by ICN.live
September 11, 2025

Mariam Al-Yazidi

Key Points

BitMine’s Ethereum treasury reached 2.126 million ETH, valued at $9.3 billion
The company acquired 46,255 ETH from BitGo wallets, worth $201 million
Strategic $20 million investment made into Eightco to back Worldcoin treasury move
BitMine stock soared over 700% in six months on the NYSE

BitMine’s Ethereum treasury is now one of the largest corporate holdings in the digital asset space. The company recently added 46,255 ETH, valued at $201 million, through BitGo-managed wallets, according to blockchain analytics firm Onchain Lens. With this acquisition, BitMine now holds 2.126 million ETH, an amount worth nearly $9.3 billion at current ETH price levels.

Aiming for 5% of the Ethereum supply

BitMine has set an ambitious target, aiming to secure 5% of Ethereum’s total supply. This goal underlines the company’s aggressive accumulation strategy, supported by consistent acquisitions and treasury growth. According to Onchain Lens, three wallets were involved in the latest transfer. One wallet was identified as BitMine’s, while two others remain unmarked but were linked to the company through forensic and algorithmic analysis.

From my standpoint, BitMine is positioning itself as the leading corporate Ethereum holder, reinforcing its long-term conviction in the blockchain ecosystem. By targeting such a substantial portion of Ethereum’s supply, BitMine is signaling confidence in both the crypto investment case and Ethereum’s long-term network dominance.

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Investment in Eightco and Worldcoin’s WLD

In parallel with the treasury expansion, BitMine announced a $20 million strategic investment into Eightco Holdings. Eightco is acquiring Worldcoin’s WLD as its primary treasury asset, and BitMine’s participation was part of a $270 million private investment in public equity. This dual move shows the company’s intent to diversify exposure while strengthening its position across multiple blockchain-linked assets.

BitMine’s Ethereum treasury strategy is closely tied to broader industry developments. Ethereum remains the most widely used blockchain for decentralized applications, and Worldcoin’s push into digital identity solutions provides an interesting complement. By aligning with Eightco, BitMine broadens its exposure while keeping Ethereum as its core reserve.

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ETH price impact and market reaction

BitMine’s aggressive treasury growth has fueled investor interest. On Wednesday, BitMine shares closed at $45.6 on the NYSE, up 2.24% on the day. Over the past six months, the stock has soared by 714.3%, reflecting both Ethereum’s rising market influence and growing confidence in the company’s crypto investment strategy.

ETH price itself has remained volatile, but BitMine’s long-term accumulation suggests less concern about short-term fluctuations. Instead, the company is focusing on Ethereum’s role as a foundational blockchain for decentralized finance and digital asset infrastructure.

Highlights of BitMine’s strategy

Accumulating ETH at scale through BitGo custodial infrastructure
Building one of the largest corporate Ethereum treasuries globally
Targeting 5% of Ethereum’s total supply
Expanding exposure with Eightco and Worldcoin investment

Why BitMine’s Ethereum treasury matters

BitMine’s Ethereum treasury is not only a sign of corporate conviction, it also represents a broader trend of companies treating crypto assets as balance sheet reserves. With Ethereum’s growing role in smart contracts, staking, and decentralized applications, this strategy underscores the shift toward blockchain-backed reserves as a credible financial approach.

What I’ve found is that institutional accumulation like BitMine’s creates a feedback loop. Strong corporate demand influences the ETH price, while rising valuations further validate crypto investment strategies. This approach places BitMine at the center of the Ethereum market, potentially shaping liquidity and long-term supply dynamics.

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What is BitMine’s Ethereum treasury strategy?

BitMine’s Ethereum treasury strategy is centered on aggressive accumulation of ETH to establish a leading position in the market. The company’s latest purchase of 46,255 ETH worth $201 million brings total holdings to 2.126 million ETH, valued at nearly $9.3 billion. BitMine has expressed its goal of owning 5% of Ethereum’s total supply, a level that would cement its place as the largest corporate Ethereum holder worldwide. By securing this much Ether, BitMine strengthens its balance sheet while aligning its financial reserves with blockchain growth. The move signals long-term conviction in Ethereum’s role as the leading decentralized computing network.

Why did BitMine invest in Eightco Holdings?

BitMine’s $20 million strategic investment in Eightco Holdings is part of a broader diversification strategy. Eightco is acquiring Worldcoin’s WLD to use as a primary treasury asset, and BitMine’s support connects it with a novel project focused on digital identity solutions. This approach allows BitMine to remain anchored in Ethereum while expanding exposure to other blockchain-driven opportunities. By joining Eightco’s $270 million PIPE financing, BitMine adds balance sheet exposure to Worldcoin, a project with growing visibility in the Web3 identity space. This signals that BitMine views its treasury not only as an ETH reserve but also as a platform for wider blockchain engagement.

How does BitMine’s Ethereum treasury affect the ETH price?

BitMine’s treasury growth supports the broader Ethereum market by reducing circulating supply. When a company accumulates large amounts of ETH, it effectively removes those tokens from active trading, influencing supply dynamics. While BitMine’s purchases do not directly control ETH price, the consistent accumulation creates a market signal of strong institutional conviction. This can inspire other firms or investors to view Ethereum as a credible long-term reserve asset. Additionally, such moves help stabilize confidence in the asset class, even during periods of volatility. The ETH price impact may be gradual, but it highlights how corporate strategies shape broader market sentiment.

Is BitMine’s stock performance linked to its crypto strategy?

Yes, BitMine’s stock performance has been strongly tied to its crypto strategy, especially its Ethereum treasury. The stock has risen over 700% in the past six months, coinciding with rapid growth in ETH holdings. Investors see the company’s treasury as both a hedge and a growth asset. As ETH price fluctuates, BitMine’s balance sheet reflects those shifts, linking stock value to crypto performance. Moreover, BitMine’s bold target of securing 5% of Ethereum’s total supply reinforces investor expectations that it will remain a dominant player in the crypto investment market. This connection between stock growth and crypto exposure highlights how traditional markets increasingly react to blockchain-related corporate actions.

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