Earlier today, Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its ETH holdings, as on-chain data reveals that the firm purchased another 46,225 tokens, increasing its total ETH holdings to over 2.1 million ETH.
BitMine’s Total Ethereum Holdings Surge Past 2.1 Million ETH
According to an X post by on-chain analytics account Lookonchain, BitMine seems to have further increased its total ETH holdings. Notably, the firm’s wallet added another 46,225 ETH to its total holdings, worth slightly more than $200 million.
It should be recalled that on September 8, BitMine had bought 202,500 ETH, helping it boost its total ETH holdings to more than two million for the first time ever. Eventually, the firm aims to hold 5% of the total ETH supply.
The New York Stock Exchange-listed (NYSE) firm has been on an ETH buying spree all summer. Following today’s purchase, its total ETH holdings have now surged above 2.1 million, worth approximately $9.27 billion at the time of writing.
It is worth highlighting that BitMine currently holds the largest amount of ETH among all public companies. According to data from Coingecko, SharpLink is a distant second on the list, with 837,230 ETH on its balance sheet.
Other firms like Coinbase (136,782 ETH), Bit Digital (120,306 ETH), and ETHZilla (102,246 ETH), round up the top five holders of ETH. Notably, nine out of the top ten firms holding the most amount of ETH are US-based.
Following today’s purchase, BitMine’s stock BMNR is trading at $47.85, up 4.93% on the day. On a year-to-date (YTD) basis, the stock has jumped a whopping 559%, making it one of the best performing crypto-related stocks this year.
ETH Giving Bitcoin A Run For Its Money
As an increasing number of firms embrace ETH as the digital asset of choice, attention has been steadily moving away from the largest cryptocurrency by market cap, Bitcoin (BTC). However, this does not mean that ETH has completely displaced BTC.
That said, the trend of companies choosing to add ETH to their balance sheets gained significant momentum in 2025. Yesterday, Cyprus-based firm Robin Energy announced it had bought ETH worth $5 million.
Similarly, in August, SharpLink bought another 56,533 ETH to increase its total ETH reserves. In the same vein, Jack Ma-linked Yunfeng Financial invested close to $44 million into ETH earlier this week.
ETH could see further price appreciation as staking activity on the network continues to grow at an exponential rate. At press time, ETH trades at $4,435, up 1.5% in the past 24 hours.
Featured image from Unsplash.com, charts from Coingecko, Yahoo! Finance and TradingView.com
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