BitMine Sets ETH Portfolio Volume Record at $13 Billion
Date: 2025-10-07 Author: Oliver Abernathy Categories: BUSINESS
Over the past week, the company acquired 179,251 ETH, worth approximately $823 million, at an average price of $4,535 per coin. After a nearly 13% rise in Ethereum's value, its price reached $4,673, bringing its market capitalization to over $564 billion.
In addition to Ethereum, BitMine's assets include 192 Bitcoins worth approximately $24 million. The company also owns $113 million in Eightco Holdings shares and has $456 million in cash reserves. These figures make BitMine the largest corporate owner of ETH, surpassing its closest competitor, SharpLink Gaming, which holds $3.85 billion in Ethereum. In terms of total crypto assets, BitMine is second only to Strategy, whose Bitcoin holdings are estimated at $80 billion.
BitMine shares (ticker symbol BMNR) have also shown strong growth: over the past week, their value has increased by more than 5%, reaching $59.78, and by 37% over the past month.
Company CEO Tom Lee announced that his team recently met with key Ethereum core developers and other ecosystem participants. According to Lee, such contacts help shape a strategic vision in which traditional financial institutions on Wall Street and AI companies can leverage Ethereum's potential to develop their services.
Lee also expressed confidence that Ethereum will become the leading blockchain supported by the Trump administration. He noted that current market trends and the political situation are creating favorable conditions for a new round of growth, which could lead to a new all-time high for the ETH price.
Thus, BitMine not only strengthens its position as a leading institutional player in the Ethereum market but also strives to become a bridge between the crypto industry, traditional finance, and AI technologies.
