BitMine Immersion Technologies has taken a commanding lead in the Ethereum space, becoming the largest publicly listed entity to hold ETH, with its holdings now valued above $2 billion.
The firm’s latest disclosure reveals that it owns 566,776 ETH, acquired at an average cost of $3,643.
This stash puts BitMine ahead of both the Ethereum Foundation and Coinbase in terms of ETH ownership, outpacing even SharpLink by over 200,000 tokens. Despite holding under 0.5% of the circulating supply, BitMine is working toward a bold goal: controlling 5% of Ethereum’s total supply through sustained accumulation and staking.
Backing from major investors like Ark Invest—who have committed over $170 million—has only strengthened BitMine’s positioning. Ark’s CEO, Cathie Wood, called the company a key player in the future of decentralized finance, predicting its evolution into a next-generation digital asset manager.
In tandem with its ETH strategy, BitMine has also begun offering options trading on its stock under ticker “BMNR” on the New York Stock Exchange. This move is seen as a step toward broader investor access and improved risk management tools. Following the announcement, BMNR shares climbed 7% to $42, signaling growing market confidence.
BitMine’s expanding role in both crypto and traditional finance suggests it’s not just stockpiling ETH—it’s building a foundation for long-term leadership in on-chain capital markets.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitmine-surpasses-ethereum-foundation-as-top-public-eth-holder-launches-options-on-nyse/