The largest Ethereum treasury company added another 65,341 ETH last week.<\/p>\n
Bitmine Immersion Technologies, the publicly traded company pursuing what it calls the \u2018Alchemy of 5%\u2019 of Ethereum’s total supply, said its combined crypto and cash holdings have reached $11 billion as it ramps up purchases amid the U.S.-Iran conflict.<\/p>\n
Chairman Thomas Lee framed ETH’s recent performance as evidence of crypto’s resilience during geopolitical turmoil. He noted that ETH has risen 18% since the Iran war commenced, outperforming equities, while gold, a traditional safe-haven asset, has fallen by more than 15%.<\/p>\n
“Crypto is demonstrating itself to be a good ‘wartime’ store of value,” Lee said in the company’s weekly update<\/a>.<\/p>\n As of March 22, Bitmine held 4,660,903 ETH, representing 3.86% of ETH’s total circulating supply of 120.7 million. The company said it acquired 65,341 ETH in the past week, an uptick from its prior weekly pace of 45,000\u201350,000 tokens.<\/p>\n Lee said the acceleration reflects his view that ETH is in the “final stages of the ‘mini-crypto winter.'”<\/p>\n Bitmine launched its Ethereum treasury strategy<\/a> in late June 2025, when the former Bitcoin miner raised $250 million in a private placement backed by Founders Fund, Pantera, Galaxy Digital, and others \u2014 sending its stock up nearly 700%. By August, the firm had surpassed $6.6 billion in ETH holdings<\/a>, becoming the world’s largest corporate Ethereum holder. It crossed the 2% supply threshold<\/a> by September.<\/p>\n The company now claims the second-largest overall crypto treasury, behind Strategy Inc., which holds 761,068 BTC valued at roughly $52 billion.<\/p>\n Bitmine also holds 196 BTC, a $200 million stake in Beast Industries, a $95 million position in Eightco Holdings (ORBS), and $1.1 billion in cash.<\/p>\n Lee also pointed to momentum around the CLARITY Act, the crypto market structure bill that passed the House<\/a> in July 2025 with bipartisan support. He cited Polymarket odds showing a 68% probability the legislation will be signed into law before year-end, calling it a “positive fundamental catalyst for Ethereum.”<\/p>\n The bill’s progress through the Senate has been slower<\/a>, with stablecoin yield provisions emerging as the central sticking point between banks and crypto firms. President Trump has publicly pressured<\/a> the banking industry over the dispute.<\/p>\n This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The largest Ethereum treasury company added another 65,341 ETH last week. Bitmine Immersion Technologies, the publicly traded company pursuing what it calls the \u2018Alchemy of 5%\u2019 of Ethereum’s total supply, said its combined crypto and cash holdings have reached $11 billion as it ramps up purchases amid the U.S.-Iran conflict. Chairman Thomas Lee framed ETH’s […]<\/p>\n","protected":false},"author":2,"featured_media":422680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-422673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=422673"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422673\/revisions"}],"predecessor-version":[{"id":422681,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422673\/revisions\/422681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/422680"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=422673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=422673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=422673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}