BitMine has expanded its Ethereum treasury to 1,718,770 ETH (≈ $7.65B), becoming the world’s largest ETH holder after adding 4,871 ETH this week; the company’s crypto-plus-cash NAV per share rose to $39.84, driven by institutional inflows and sustained accumulation.
BitMine added 4,871 ETH, bringing holdings to 1,718,770 ETH valued at $7.65B.
NAV per share climbed to $39.84 from $22.84 on July 27, according to Fundstrat data.
Five-day average daily trading volume reached $2.8B, ranking BitMine 20th among U.S.-listed equities.
BitMine Ethereum treasury expands to 1.72M ETH ($7.65B) — see NAV impact and market rank; read analysis and takeaways.
BitMine expands its Ethereum treasury to 1.72M ETH worth $7.65B, ranking as the world’s largest ETH holder.
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- BitMine added 4,871 ETH worth $21.28M, bringing total holdings to 1,718,770 ETH valued at $7.65B.
- The firm’s NAV per share rose to $39.84, nearly doubling from $22.84 since July 27, according to Fundstrat data.
- BitMine’s stock traded $2.8B daily volume, ranking 20th in U.S. markets, ahead of JPMorgan and Palo Alto Networks.
BitMine has strengthened its position as the largest Ethereum holder globally after acquiring another 4,871 ETH worth $21.28 million. Lookonchain data shows the purchase raised the firm’s total Ethereum balance to 1,718,770 ETH, now valued at approximately $7.65 billion.
The latest acquisition followed a larger buy of 190,526 ETH, worth $883 million, completed less than a day earlier. These consecutive purchases reflect a coordinated treasury accumulation strategy executed while Ethereum’s market price has risen in recent months.
What is BitMine’s current Ethereum treasury size and valuation?
BitMine’s Ethereum treasury stands at 1,718,770 ETH, valued at about $7.65 billion after recent purchases. The company added 4,871 ETH (~$21.28M) this week, following a 190,526 ETH (~$883M) acquisition the previous day, increasing its on-chain concentration materially.
How has BitMine’s NAV per share changed and what drove the increase?
BitMine’s crypto-plus-cash net asset value (NAV) per share rose to $39.84 from $22.84 on July 27, calculated by dividing total crypto and cash assets by fully diluted shares outstanding (221,515,180 shares). Fundstrat data and comments from Thomas Lee indicate institutional inflows primarily supported this NAV expansion.
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BitMine’s on-chain balance of 1.72 million ETH places it ahead of all other declared institutional treasuries. Public on-chain analytics (Lookonchain) and company disclosures show no other institution has reported larger ETH reserves, making BitMine the leading institutional ETH holder by token count and valuation.
BitMine’s stock averaged $2.8 billion in daily trading volume over a recent five-day period ending August 24, ranking it 20th among U.S.-listed equities. That liquidity level positioned the company above several major financial and technology firms, indicating heightened market attention and active institutional participation.
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Source: https://en.coinotag.com/bitmine-expands-ethereum-treasury-to-1-72m-eth-7-65b-appears-to-be-worlds-largest-holder/