BitMine’s Large Ethereum Buys Could Bring Its Treasury Toward $8 Billion as Holdings Near 1.71 Million ETH

• BitMine added ~190,500 ETH last week, raising total to 1.71M ETH.

• Net asset value (NAV) per share rose ~75% since end of July, boosting crypto NAV.

• BitMine’s ETH holdings equal just under 1.5% of total supply; mNAV sits near 1.0 per StrategicETHReserve.xyz data.

BitMine Ethereum treasury jumps to 1.71M ETH after a $900M addition; read the market impact and next steps for institutional treasuries at COINOTAG.

What is the latest on the BitMine Ethereum treasury?

BitMine’s Ethereum treasury expanded by nearly 190,500 ETH last week, increasing total holdings to about 1.71 million ETH and lifting the firm’s crypto NAV and market relevance. The move added roughly $900 million in ETH and raised BitMine’s cash and crypto holdings by $2.2 billion for the week.

How much ETH did BitMine add and what does that mean?

BitMine added more than 190,500 ETH—valued at roughly $900 million at the time—bringing cumulative holdings to 1.71M ETH. This represents nearly 1.5% of Ethereum’s circulating supply and follows a prior week addition of ~373,000 ETH that had already materially increased the firm’s dollar-value footprint compared with peers like MARA Holdings.

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