Tom Lee’s BitMine Grows Treasury to $8.8 Billion, Holding Ethereum, Bitcoin and Cash

BitMine Immersion Technologies, led by CEO Thomas “Tom” Lee, announced on Monday that its balance sheet reached $8.8 billion as of August 24, 2025, solidifying its position as the world’s largest corporate holder of Ethereum. The company’s treasury includes 1.7 million Ethereum, 192 Bitcoin, and over $500 million in cash. Despite a recent market downturn that saw Bitcoin dip below $111,000 and Ethereum fall to around $4,600, BitMine’s digital asset holdings are valued at approximately $8 billion. This milestone underscores the company’s aggressive strategy to accumulate Ethereum, outpacing competitors like SharpLink Gaming and Bit Digital.

The firm’s Ethereum reserves saw significant growth, increasing by 190,500 units in just one week from the previously reported 1.5 million. Meanwhile, its Bitcoin holdings remained steady at 192 units, according to the latest report. BitMine’s ability to rapidly expand its Ethereum portfolio reflects strong institutional investor confidence, as the company continues to capitalize on market opportunities.

Strategic Vision and Market Position

BitMine’s rapid accumulation of Ethereum is part of what Lee calls the “alchemy of 5%,” referring to the company’s goal to hold a significant portion of the circulating Ethereum supply. In a statement, Lee emphasized the company’s commitment to this strategy, noting that BitMine has successfully raised capital from institutional investors for the second consecutive week at an impressive pace. This financial backing has propelled BitMine’s shares to an average daily trading volume of $2.8 billion over five sessions, placing it among the market’s most traded stocks. The company now ranks ahead of major players like JPMorgan and Palo Alto Networks, though it trails crypto exchange Coinbase in trading volume.

Lee remains bullish on Ethereum’s long-term potential, describing it as “one of the biggest macro trades over the next 10-15 years.” He pointed to the growing integration of blockchain technology by Wall Street and artificial intelligence sectors as a key driver of Ethereum’s value. According to Lee, Ethereum’s role as a leading platform for decentralized applications and smart contracts positions it at the forefront of a broader transformation in finance. BitMine’s strategic focus on Ethereum has not only strengthened its lead as the top Ethereum treasury but also secured its place as the world’s second-largest corporate cryptocurrency treasury, behind only Strategy, which holds 629,376 Bitcoin valued at $71 billion.

BitMine’s prominence in the crypto space comes at a time of heightened market volatility, yet the company’s robust balance sheet and clear strategic vision have kept it resilient. The firm’s ability to attract institutional capital while expanding its Ethereum holdings signals strong confidence in the asset’s future. As Ethereum continues to gain traction in financial and technological applications, BitMine’s aggressive accumulation strategy positions it to benefit from the cryptocurrency’s growth.