Bitmine has crossed new milestones, building Ethereum reserves in ETH of over 2 million, solidifying its role as the largest corporate holder of assets.
On September 8, the company announced that its balance sheet currently exceeds $92.1 billion and is split into 2,069,443 ETH, 192 Bitcoin and $266 million holdings.
These key holdings will now be the second global finance company, after Bitcoin-centric Strategy Inc (MSTR). $71 billion.
Furthermore, the Strategic ETH Reserve data shows that Bitmine holds summ the total of the five largest Ethereum Treasury departments: Sharplink Gaming is second at 837,230 ETH, with the ether machine holding 495,360 ETH.
Bitmine’s Ethereum Strategy
Chairman Thomas “Tom” Lee explained that Bitmine views Ethereum as the cornerstone of the financial markets for the next decade. He pointed to the growing adoption of Wall Street blockchain and the rise in agent artificial intelligence as a key force in driving demand.
According to him, these developments have created a structural “supercycle” for Ethereum to flourish and “induce greater changes to today’s financial system.”
As a result, the company has set a long-term goal of owning 5% of its total ETH supply. Its current holdings are close to 2%, and Bitmine already covers almost 40% of its pass.
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Meanwhile, Bitmine’s Ethereum-rich activities have uploaded Wall Street profiles.
According to FundStrat, the company’s stock trades an average of $1.7 billion a day, ranking 30th among all US stocks.
This is placed between Bank of America (29th) and ExxonMobil (31st) and shows how crypto-linked stocks compete more and more with traditional blue chip stocks for liquidity.
“Moonshot Strategy”
As part of its commitment to the Ethereum Ecosystem, Bitmine has announced the “Moonshot Strategy” that will deploy 1% of its balance sheet to ecosystem investments in projects designed to expand the utility of its blockchain networks.
According to the company, Eightco Holdings will be the first recipient of this capital injection. The company received $20 million to build the Treasury around a project focused on WorldCoin (WLD) ID designed for Sam Altman.
Lee explained that zero-knowledge evidence of Worldcoin’s human credentials is an innovation that can enhance digital trust and security across technology platforms.
