Blockchain Whodunit: Bitmine’s ETH Stash Grows by 46,000!

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Breaking news, folks! According to the latest gossip and a bit of onchain detective work, Bitmine Immersion Tech seems to have swiped a whopping 46,000 ethereum from Bitgo. If my calculator isn’t playing tricks on me, our favorite ether-holding company is now sitting pretty with over 2.12 million ETH. 🤑

Onchain Sleuthing Unveils Bitmine’s New ETH Acquisitions

Over on the social platform X, the account Onchain Lens spilled the beans about Bitmine (NYSE: BMNR)’s latest haul this week. “Bitmine (@BitMNR) has received 46,255 ETH, valued at $201M, from Bitgo,” the post read. “They now hold a total of 2,126,018 ETH, worth $9.24B.” Can you believe it?!

Three ethereum addresses were also flagged through Arkham Intelligence’s onchain explorer. Strategicethreserve.xyz (SER) data highlights that official figures previously put the firm’s balance at 2.07 million ETH valued at $9.1 billion. So, whether it’s 2.07 million or 2.12 million, Bitmine is still the biggest ETH treasury firm by a long shot. 🚀

The second-largest holder, Sharplink (Nasdaq: SBET), manages 837,230 ETH, which means Bitmine’s stash is about 1.28 million ETH bigger. SER data shows that roughly 17 public entities collectively hold more than 3.8 million ETH, valued at $16.71 billion, representing 3.14% of the total supply. Talk about a treasure trove! 🗝️

While bitcoin treasury firms have slowed down their collecting spree, alternative crypto asset treasury strategies are gaining steam. As of 10 a.m. Eastern on Thursday, BMNR shares are up more than 7%. Looks like Bitmine is on a roll! 🎉

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2025-09-11 18:08