BitMine Rises to Second Largest Crypto Treasury Globally with $6.6 Billion

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 19 2025

BitMine's Crypto Treasury Growth: BitMine Immersion Technologies has become the second-largest crypto treasury globally, holding 1.52 million ETH valued at approximately $6.6 billion, surpassing MARA's Bitcoin holdings.
Significant Increase in Holdings: The firm reported an increase of 373,110 ETH in just one week, raising its total by $1.7 billion compared to the previous week.
Ethereum's Market Position: Ethereum is noted for having over 55% market share of tokenized real-world assets and is seen as a key player in the anticipated growth of stablecoins, according to JP Morgan analysts.
ETH Price Trends: Despite BitMine's success, ETH prices have been retreating, currently trading around $4,300 after a correction of 10% from its 2025 high, with concerns about potential further declines.

About the author

Preview

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.