Ethereum DAT BitMine Now Holds Almost 3% ETH Supply

Blockchain technology firm BitMine Immersion is the largest holder of Ethereum (ETH) in the world, with over 3.31 million ETH worth about $13.7 billion. This achievement comes after the company recently bought 77,055 ETH. According to the announcement, this purchase has significantly increased its influence in the Ethereum market.

BitMine Leads Institutional ETH Accumulation

According to filings, BitMine’s total assets in cryptocurrency and cash have reached $14.2 billion. Its ETH holdings make up 2.8% of the total circulating supply of Ethereum, highlighting its important position in this major cryptocurrency network.

Additionally, BitMine owns 192 BTC, worth about $22.2 million. The company has an $88 million investment in Eightco, a treasury firm, and around $305 million in cash reserves. This approach shows that BitMine believes in the long-term potential of the cryptocurrency market and decentralized technologies.

There is no doubt that BitMine’s strong ETH purchase will enable it to gain from upcoming network upgrades. Interestingly, BitMine holds more Ethereum than any other known holder. It exceeds Joe Lubin’s SharpLink, which holds about 859,400 ETH, and The Ether Machine, which has around 496,710 ETH. 

BitMine affirms that its investment strategy is focused on the long-term value of Ethereum. It also noted that Ethereum’s network is not only a digital asset but also an essential part of the growing digital economy.

BitMine Bets Big on ETH

A few days ago, Tom Lee, co-founder of Fundstrat and President of BitMine, predicted that ETH could reach $10,000 per token by year’s end. He also predicted ETH could potentially climb as high as $60,000 in the long term.

It is worth noting that BitMine’s latest actions show a strong belief in Ethereum’s future. Recall that on October 21, the company purchased 63,500 ETH worth about $184 million. This came after it bought $281 million worth of the coin on October 19.

Tom Lee explained that this move is part of a bigger plan to make BitMine a leading institutional investor in Ethereum’s future growth. The company intends to benefit from the token’s long-term rise and strengthen its position in the crypto market.

RWA Growth Could Make Ethereum a Global Finance Leader

One major reason for Tom Lee’s positive view on Ethereum is the fast rise of real-world asset (RWA) tokenization. 

This means turning traditional assets like houses, company shares, and bonds into digital tokens on the Ethereum blockchain. By doing this, Ethereum could unlock huge amounts of value and open new financial opportunities.

In the first half of 2025, the value of tokenized assets on Ethereum jumped from $8.6 billion to $25 billion. Experts believe this number could grow to between $10 trillion and $600 trillion by 2030. Such growth would increase Ethereum’s transaction activity and make it even more important in global finance.

If Tom Lee’s prediction is right, Ethereum could soon become the top platform for digital and RWA growth. As such, marking a new stage in blockchain-based finance.

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