BitMine Adds $201 Million Ethereum via BitGo

• Lyla Velez
• September 11, 2025
• Business
• 0 Comments

BitMine Immersion Technologies has acquired $201 million worth of Ethereum through the custody service BitGo, marking the largest corporate Ethereum holding as of September 2025.

The acquisition underscores BitMine’s strategic vision to position itself as the leading corporate Ethereum holder, mirroring strategies seen with Bitcoin among corporations.

BitMine’s Ethereum Acquisition Strategy

BitMine Immersion Technologies has strategically bolstered its holdings by acquiring 46,255 ETH for $201 million. Following this transaction, BitMine’s total crypto and cash holdings are now approximately $9.21 billion, solidifying its stance in the market. The move was made via BitGo, which provides institutional-level crypto custody services, indicating a robust infrastructure in place.

The Ethereum acquisition by BitMine has elicited various market responses, with the price of ETH experiencing a near 3% increase after the announcement, rising above $4,410. This move has highlighted the sensitivity of the market to substantial corporate moves. With these changes, BitMine’s acquisition plan mirrors successful strategies previously seen in the Bitcoin market, where corporate treasury movements spurred price changes.

Market Impact and Future Projections

The transaction positions BitMine as the largest corporate holder of Ethereum, with aspirations to acquire 5% of the entire ETH supply. Thomas Lee, Chairman of BitMine Immersion Technologies, stated, “This bold move positions us as the largest corporate ETH holder globally and underscores our commitment to strategic asset accumulation.” While regulatory perspectives remain unchanged, the custodial involvement of regulated entities like BitGo highlights institutional trust. Industry experts see this as a potential catalyst for further institutional interest in Ethereum and the DeFi projects dependent on its liquidity.

This substantial investment by BitMine could signal broader trends in the cryptocurrency landscape, where corporations are increasingly recognizing the value of digital assets. It could spur further accumulation by other entities and influence regulatory conversations about crypto’s role in corporate finance strategies.