BitMine Stock Surges 8% as Firm Reaches 3.24 Million ETH — Becoming the World’s Largest Ethereum Holder

BitMine (BITM) shares surged over 8% on Monday after the company disclosed a groundbreaking milestone — accumulating 3.24 million Ether (ETH) in its reserves. This achievement cements BitMine as the largest Ethereum treasury holder globally, and the second-largest overall crypto holder, trailing only behind Strategy in total digital assets.

The announcement has ignited excitement across financial and crypto markets, signaling growing investor confidence in blockchain-backed companies. BitMine’s stock now ranks 33rd among all U.S. equities by trading volume, underscoring how traditional investors are increasingly drawn to firms with deep crypto exposure.

According to BitMine’s quarterly report, the firm’s combined crypto and cash reserves have surpassed expectations amid strong demand for decentralized finance (DeFi) infrastructure and Ethereum’s expanding ecosystem. Analysts note that BitMine’s strategic accumulation of ETH reflects its long-term bet on Ethereum’s role as the foundation for Web3 and smart contract innovation.

Market experts also highlight that BitMine’s move could set a new precedent for publicly traded firms seeking to diversify holdings beyond Bitcoin. As Ethereum’s institutional adoption grows through staking, tokenization, and DeFi applications, BitMine is positioning itself at the frontline of the crypto-financial revolution.

“This isn’t just a balance sheet story—it’s a signal that Ethereum is being recognized as a core financial asset,” said analyst Tom Lee of BitMine Research. “Institutional confidence is clearly building.”

With Ethereum’s price hovering around $3,200, BitMine’s holdings are now worth more than $10.3 billion, reinforcing its influence across both Wall Street and the blockchain sector.

In short: BitMine’s milestone marks a major step forward for corporate crypto adoption — and a powerful vote of confidence in Ethereum’s future.