Tom Lee’s BitMine Turns into Second-Largest Crypto Treasury Agency

Tom Lee’s BitMine has turn out to be the second-biggest crypto treasury firm globally after Michael Saylor’s Technique after it added 373,110 Ethereum tokens to its reserves over the previous week.

That sequence of buys has pushed the corporate’s whole ETH holdings to 1,523,373 tokens valued at $6.44 billion at present costs, in response to knowledge from StrategicETHReserve. 

BitMine now holds 1.26% of the entire ETH provide, and has greater than double the quantity of ETH on its steadiness sheets in comparison with its nearest rival, SharpLink Gaming. 

High 5 largest ETH treasury corporations (Supply: StrategicETHReserve) 

SharpLink Gaming holds 728.8K ETH valued at $3.08 billion, whereas the third-biggest ETH treasury firm is The Ether Machine with as stockpile of 345.4K ETH valued at $1.46 billion.

BitMine Now Solely Behind Technique In Crypto Holdings

BitMine shared an replace on its ETH holdings by way of an Aug. 18 X thread to say its ETH holdings gained $1.7 billion in worth in simply over the previous week.

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BitMine at present introduced ETH holdings of 1,523,373 tokens:

– ETH holdings of 1,523,373 is valued at $6.6 billion ($4,323 ETH)
– 373,110 extra ETH than per week in the past
– $1.7 billion larger than per week in the past

hyperlink ⛓️:https://t.co/xUgJ1TadQ6

— Bitmine BMNR (@BitMNR) August 18, 2025

On the time of the replace, ETH’s worth had pegged the general worth of BitMine’s ETH reserves at $6.6 billion. Nevertheless, the most important altcoin by market cap retraced over 2% within the final 24 hours to commerce at $4,225.03 as of 1:15 a.m. EST.

However, BitMine nonetheless has extra crypto on its books than the Bitcoin mining agency MARA Holdings by way of greenback worth.

Knowledge from BiTBO exhibits MARA presently has 50,639 BTC on its steadiness sheets, valued at $5.84 billion at present costs. 

Now, the one firm that’s forward of BitMine by way of crypto holdings is Technique, the agency led by Bitcoin bull Saylor that pioneered the large-scale company crypto treasury technique.

Technique presently holds 629,376 BTC valued at $72.53 billion at present costs. That’s after Technique introduced it purchased one other 430 BTC for $51.4 million yesterday. 

Technique has acquired 430 BTC for ~$51.4 million at ~$119,666 per bitcoin and has achieved BTC Yield of 25.1% YTD 2025. As of 8/17/2025, we hodl 629,376 $BTC acquired for ~$46.15 billion at ~$73,320 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/FLRjCKDMQO

— Michael Saylor (@saylor) August 18, 2025

BitMine Inventory Plummets 5%, Continues To Slide In After-Hours Buying and selling

Regardless of the milestone, BitMine’s inventory  plunged over 5% up to now 24 hours, and continued to slip throughout the after-hours buying and selling session, knowledge from Google Finance exhibits. 

BMNR share worth (Supply: Google Finance)

That was a part of a longer-term destructive development that noticed BMNR plunge 15% within the final week. The inventory remains to be up greater than 38% up to now month.

In keeping with BitMine’s X thread, the inventory worth doesn’t inform the complete story. 

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BitMine additionally advantages from being a extremely liquid inventory:

– BitMine ranks #10 among the many 5,700 US listed shares
– $BMNR trades $6.4 billion each day – BMNR trades extra each day than JPMorgan $JPM (rank #27)
– BMNR buying and selling quantity is simply forward of Alphabet (Google) $GOOG… pic.twitter.com/jiP0K6HdWh

— Bitmine BMNR (@BitMNR) August 18, 2025

BitMine presently ranks tenth among the many 5,700 US-listed shares, BitMine stated. It additionally has round $6.4 billion in each day buying and selling quantity, which ranks it forward of JPMorgan (JMP) and simply above Alphabet (Google), it added.

Ethereum ETFs Undergo Second-Largest Outflows Since Launch

BitMine’s continued accumulation of ETH has not been capable of positively impression the altcoin chief’s worth in latest days. That is possible as a result of outflows from US spot Ethereum ETFs (exchange-traded funds) this week.

On Aug. 18, buyers pulled $59.3 million out of the merchandise, marking the top of a multi-day inflows streak, Farside buyers knowledge exhibits.  It was additionally their second-biggest internet each day outflows since launch final 12 months.

On the day, $196.6 million was withdrawn from the funds. The one day the funds recorded extra outflows was Aug. 4, when $465.1 million was pulled from the merchandise. 

BlackRock’s ETHA posted the most important outflows yesterday with $87.2 million exiting the fund’s reserves. 

The subsequent largest outflows have been posted by Constancy’s FETH, which noticed $78.4 million in outflows. Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET and Grayscale’s ETHE noticed internet each day outflows of $0.9 million, $4.8 million, $6.6 million and $18.7 million, respectively. 

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