Tom Lee’s BitMine Adds 202,469 ETH, Boosting Ethereum Treasury to $8.9B

BitMine Immersion has added 202,469 ETH valued at over $873 million, raising its treasury to 2.069 million. The total holdings are valued at $8.93 billion with Ethereum trading above $4,300.

BitMine Launches $20M ‘Moonshot’ With Eightco, Ties Ethereum to AI and Digital Identity

Based on a press release, BitMine now controls over $9.21 billion in crypto and liquid reserves, which includes Bitcoin and cash. It remains the second-largest crypto treasury globally, behind Strategy Inc, which holds 636,505 Bitcoin valued at around $71 billion. BitMine strengthened its balance sheet with mining, capital raising and market purchases.

Along with treasury gains, BitMine said it invested $20 million in Eightco Holding, a Nasdaq company under the OCTO ticker. Eightco is adopting Worldcoin as its primary treasury asset. Worldcoin, an ERC-20 token, records proof of humanity through zero-knowledge verification. BitMine described the deal as the launch of its “Moonshot” strategy, committing one percent of its balance sheet to ecosystem-strengthening projects.

Last week, BitMine boosted its Ethereum treasury with a $668 million purchase. Fundstrat Chairman Thomas Lee, who also chairs BitMine, stressed that Worldcoin’s verification system could be essential as AI platforms interact with billions of users. He also framed Ethereum as a key foundation for future trust in digital identity and commerce.

Lee linked BitMine’s accumulation to broader macro trends, citing the convergence of Wall Street and AI on blockchain. He compared the current environment to the 1971 end of the gold standard, saying the GENIUS Act and SEC’s Project Crypto could reshape finance in a similar way. BitMine continues to view Ethereum as one of the biggest macro trades for the next decade.

BitMine Trading Volumes Top Exxon as ETH Holds $4,308 Level

BitMine shares are also among the most traded in the United States. Fundstrat data shows average daily trading volumes of $1.7 billion during early September, ranking the company 30th among all US equities.

This places BitMine ahead of Exxon Mobil and Costco and just behind Bank of America. With institutional support from ARK’s Cathie Wood, Pantera, and Galaxy Digital, BitMine continues to extend its lead as Ethereum’s largest corporate treasury.

Ethereum price is trading at $4,350, according to TradingView data. The token is up 1.02% in the past 24 hours, though it remains 0.86% lower over the past week.

Monthly gains stand at 8.50%, while six-month growth has surged 126%. Year-to-date, ETH has risen 30.64%. At its current price, every $100 move in Ethereum changes BitMine’s holdings by more than $200 million.

Also, the current value of BitMine share (BMNR) is $43.79, an increase of 4.16% in the last day. Although there has been slight gains in the last five days, the stock has been one of the top players in the overall market.

BMNR has increased by 768.5% in the last six months, and 434.02% since the start of the year. The stock has increased 373.92% in one year, recording better performances by most large-cap equities.

Despite the momentary declines, the momentum performance points to existent institutional under-the-belt confidence in the company treasury approach and positioning in Ethereum.