Cryptocurrency entrepreneur Tom Lee's BitMine company swiftly gathers a staggering $3 billion in Ethereum (ETH) through its innovative altcoin treasury plan.
In the dynamic world of cryptocurrency, BitMine, a Bitcoin and Ethereum network company, has made a significant mark. As of August 4, 2025, BitMine's Ethereum treasury strategy has rapidly expanded, holding over 833,000 ETH valued at more than $2.9 billion.
This milestone was reached just over a month after the strategy launch on June 30th, 2025, and the close of the initial private placement on July 8th, 2025. BitMine aims to acquire and stake 5% of the total Ethereum supply, a goal that seems within reach given the company's impressive growth.
The journey to this milestone began on July 14, 2025, when BitMine reported holding approximately $500 million worth of ETH (~163,000 tokens), doubling its initial $250 million private placement. This was followed by a rapid increase in holdings, with the company reporting over 300,000 ETH worth $1 billion on July 17, 2025, and exceeding $2 billion in ETH holdings by July 24, 2025.
BitMine's aggressive asset-light treasury strategy, under the leadership of Chairman Thomas Lee, focuses on increasing its Ethereum stake, staking yield, and capital market activities to reinforce its position within the broader Ethereum ecosystem.
Meanwhile, in other news, ETH is currently trading on various platforms including Hyperliquid, Margex, and VOOI's Omnichain Perps and RWA Exchange.
The Daily Hodl, a trusted source for news and information on the future of finance, including Bitcoin, Ethereum, and Web 3, covers a wide range of categories such as Trading, Altcoins, Futuremash, Financeflux, Blockchain, Regulators, Scams, HodlX, and Press Releases.
However, the cryptocurrency world is not without its challenges. A mechanic lost 25 years of life savings when money intended for a house purchase ended up in scammers' accounts, and scammers drained $27,000 from a Bank of America customer after duping them with an Apple Wallet trick, both incidents happening on July 29, 2025.
On a more positive note, an analyst who predicted Bitcoin's 2024 pre-halving crash believes a new Bitcoin breakout is coming, also reported on July 29, 2025. The US Government also lost $17,000,000 in three days due to a 'viral' ATM glitch tied to a jobs youth program, another incident that made headlines on the same day.
BitMine's operations are centred in Trinidad, Murray, Kentucky, Pecos, Texas, and Silverton, Texas. The firm's operations, as well as content submissions, can be found on Telegram, X, and Facebook, with options to submit Guest Post, Press Release, Sponsored Post, and Advertise.
[1] BitMine Doubles Initial $250 Million Private Placement, Holds $500 Million Worth of ETH [2] BitMine Aims to Secure 5% of Ethereum’s Supply, Holds over $1 Billion Worth of ETH [3] BitMine's ETH Holdings Exceed $2 Billion [4] BitMine Becomes World's Largest ETH Treasury, Holds Over 833,000 ETH Worth $2.9 Billion
- BitMine's impressive growth in the cryptocurrency world has led to its Ethereum holdings exceeding $2 billion, making it the world's largest ETH treasury, holding over 833,000 ETH valued at more than $2.9 billion.
- As BitMine aims to acquire and stake 5% of the total Ethereum supply, investors are keeping a close eye on the company's capital market activities and staking yield, anticipating potential opportunities in the broader Ethereum ecosystem.
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