BitMine Becomes World’s Largest Ethereum Treasury with $6.6 Billion Holdings
BitMine Immersion Technologies (BMNR) has emerged as the largest holder of Ethereum, with reported crypto holdings of $6.612 billion as of August 18. This marks a key development in institutional crypto adoption.
- BitMine disclosed holdings of 1.52 million ETH and 192 BTC, reflecting a $1.7 billion increase from the previous week.
- It ranks as the world's largest Ethereum treasury and the second-largest crypto treasury globally, after MicroStrategy's $73 billion in Bitcoin.
- BitMine's stock saw increased trading activity, averaging $6.4 billion daily turnover, making it the 10th most liquid US-listed stock.
- Institutional investors backing BitMine include ARK Invest, Founders Fund, Pantera, Galaxy Digital, and Kraken.
- The firm aims to acquire 5% of Ethereum's circulating supply.
Ethereum Price Movement
Following BitMine’s announcement, Ethereum dipped below $4,250 on August 18, losing 2.18% intraday. This decline follows a significant 42% rally earlier in August.
- ETH experienced an 11% pullback over four days, trading at $4,232.
- Key support level is $4,250; a drop below could lead to further declines toward $4,058.
- A sustained hold above $4,250 could push ETH past resistance at $4,886, potentially leading to prices above $5,000.
Best Wallet Presale
The renewed interest in Ethereum has also highlighted secure multi-chain wallets like Best Wallet (BEST), which has raised over $14 million in its presale.
- Best Wallet offers low transaction fees, staking rewards, and access to decentralized applications.
- Strong demand from Ethereum users indicates potential for continued investment growth.
Top 5 Bitcoin and Ethereum Treasury Holders | Source: Sentora Research, August 2025
Ethereum Price Forecast
Best Wallet Presale