BitMine Expands Ethereum Treasury by $2.2 Billion in One Week

• BitMine added $2.2 billion to its treasury in one week and now holds 1.71 million ETH tokens worth $8.8 billion.

• Major investors like ARK Invest and Founders Fund are backing BitMine’s plan to acquire five percent of all Ethereum supply.

• Ethereum dropped 4% to $4,585 but maintains strong long-term gains with 23% monthly growth and 84% six-month returns.

Tom Lee’s BitMine announced a substantial expansion of its cryptocurrency holdings, adding $2.2 billion to its treasury within seven days. The company acquired over 190,000 ETH tokens valued at $873 million during this period.

BitMine’s total assets surged 32% from $6.6 billion to $8.8 billion. The firm now holds 1.71 million Ethereum tokens, up from 1.52 million the previous week. This positions BitMine as the world’s largest corporate Ethereum holder.

Record-Breaking Institutional Investment Drive

Chairman Tom Lee reported unprecedented capital raising from institutional investors across two consecutive weeks. The aggressive acquisition strategy aims to secure five percent of Ethereum’s total supply.

Lee expressed a strong conviction that Ethereum will become central to global finance infrastructure. He compared current blockchain developments to the transformational impact of the 1971 Bretton Woods system collapse.

Major institutional backers include ARK Invest, Founders Fund, and Galaxy Digital. These partnerships have enabled BitMine to evolve beyond traditional mining operations into treasury management leadership.

The company attributes Wall Street’s growing interest in blockchain and artificial intelligence advancement to be key factors driving Ethereum’s enhanced financial sector status.

Market Performance Despite Price Volatility

BitMine’s stock maintains exceptional liquidity with $2.8 billion in average daily trading volume. This performance establishes the company among the most actively traded stocks in the US market.

Despite recent Ethereum price fluctuations, the treasury expansion strategy has attracted significant investor attention. BitMine’s focus on long-term accumulation reflects confidence in Ethereum’s future value proposition.

Corporate Ethereum holdings continue expanding across institutional investors. BitMine’s aggressive purchasing demonstrates growing acceptance of cryptocurrency as a legitimate treasury asset class.

Ethereum experienced a 4% decline, dropping to $4,585 from $4,720 within 24 hours. The token lost approximately $200 in value amid broader market selling pressure.

Despite recent volatility, Ethereum maintains strong long-term performance metrics. The cryptocurrency gained 23% over the past month and 84% across six months. Five-year returns exceed 1,000%.