Key Takeaways:
- BitMine acquired another $200M in ETH, raising its total holdings to over 2.1 million ETH worth $9.2B, solidifying its lead as the largest Ethereum treasury.
- Treasury firms not primarily focused on crypto have driven a surge in ETH buys this week, while Bitcoin acquisitions lagged at $60M across four purchases.
- Crypto investment announcements triggered dramatic stock moves, with some companies seeing gains over 1,000% before steep corrections.
BitMine, an Ether-focused treasury firm, has significantly expanded its Ethereum holdings this week with another $200 million purchase.
The company executed three transactions to acquire 46,255 ETH from Bitgo, marking its second major buy in just a few days.
Bitmine(@BitMNR) bought another 46,255 $ETH($200.43M) 5 hours ago and currently holds 2,126,018 $ETH($9.27B).https://t.co/8wNYBL84rk pic.twitter.com/McHcKYX8S5
— Lookonchain (@lookonchain) September 11, 2025
Earlier this week, BitMine bought 202,500 ETH, pushing its total holdings to more than 2.1 million ETH valued at over $9.2 billion, further cementing its lead as the largest public
Ethereum treasury. The next biggest holder, Sharplink Gaming, owns about 837,000 ETH, highlighting BitMine’s dominant position.
This wave of activity reflects a broader trend of corporate crypto accumulation, which has driven stock price surges for many firms.
While Ethereum dominated the week’s purchases, Bitcoin activity was relatively subdued, with only four acquisitions totaling $60 million.
Pop Culture Group (CPOP) bought 300 BTC worth $33 million, causing its stock to spike before settling at a smaller gain.
Other firms like Robin Energy, H100 Group, and Metaplanet also joined the Bitcoin buying push.
Meanwhile, announcements of crypto investment plans alone fueled dramatic stock rallies, though many gains quickly reversed.
Analysts caution that the sector may face volatility as more firms head toward public listings.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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