BitMine Immersion Technologies, led by Fundstrat Chairman Thomas Lee, has added 202,469 Ethereum tokens, raising its treasury to $8.93 billion.
The company also launched a $20 million “Moonshot” project with Nasdaq-listed Eightco Holdings as Ethereum trades around $4,300. Lee said, “BitMine has surpassed the 2 million ETH milestone this past week. The convergence of Wall Street moving onto the blockchain and AI creating a token economy is creating a supercycle for Ethereum.”
According to the press release, BitMine now holds 2,069,443 Ethereum, 192 Bitcoin, and $266 million in cash, bringing its total crypto and liquid reserves above $9.21 billion. The company ranks as the largest Ethereum treasury in the world and the second-largest global crypto treasury after Strategy Inc., which holds 636,505 Bitcoin valued around $71 billion. BitMine shares are among the most traded in the United States.
Meanwhile, Fundstrat data shows average daily trading volumes of $1.7 billion, ranking the company 30th among U.S. stocks. The $20 million Moonshot with Eightco is part of BitMine’s plan to support bold projects that strengthen Ethereum’s ecosystem. Eightco will adopt Worldcoin as its primary treasury asset.
Lee explained, “Worldcoin’s zero-knowledge proof of human credential could be essential to future trust and safety between technology platforms and billions of human users.” The investment marks the start of BitMine’s strategy to allocate about one percent of its balance sheet to ecosystem-strengthening projects.
Notably, Last week, BitMine also boosted its Ethereum treasury with a $668 million purchase. Lee linked the accumulation to broader trends in blockchain and AI, comparing it to the end of the gold standard in 1971. He noted that initiatives such as the GENIUS Act and SEC’s Project Crypto could reshape finance. Lee added, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years.”
At the same time, institutional support from ARK Invest, Pantera, Galaxy Digital, and other top investors continues to back BitMine’s strategy.
At the time of writing, Ethereum’s price currently hovers around $4,350, rising 1.02% in the past 24 hours, with monthly gains of 8.50% and a six-month increase of 126%, according to CoinMarketCap.
Also Read: Strategy Adds 1,955 BTC Worth $217M as MSTR Stock Falls
