BitMine Expands Ethereum Holdings to $9 Billion, Invests in AI-Linked Worldcoin Strategy

BitMine Widens Ethereum Treasury Lead as ETH Stash Hits $9 Billion With Latest Buy - Decrypt

BMNR invested $20 million in a publicly traded firm undertaking a Worldcoin strategy, sending OCTO shares up 3,000%. Bitcoin miner turned Ethereum treasury company BitMine Immersion Technologies has surpassed 2 million ETH in holdings, boosting its ETH treasury to a value of approximately $9 billion, the firm announced on Monday. BitMine (BMNR) now maintains holdings of 2,069,443 ETH, 192 Bitcoin (about $215 million worth), and $266 million in cash. "As we mentioned in our August chairman's message, the convergence of both Wall Street moving onto the blockchain and AI/agentic-AI creating a token economy is creating a supercycle for Ethereum," said BitMine Chairman Tom Lee, in a statement. The firm also made its first strategic "moonshot" investment, investing $20 million in Eightco Holdings, an ecommerce company that is undertaking a digital assets treasury strategy centered on Worldcoin (WLD) -- the native token of the World Chain network co-founded by OpenAI's Sam Altman. The investment is its first as part of a strategy it says is like Google's "Other Bets," or relatively small investments that may lead to outsized returns. For the Ethereum treasury company, that means making "select investments in bold ideas that enhance Ethereum network value." "BitMine wants to support and back innovative projects that create value for the Ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum," Lee said. Amid news of the firm's investment, shares of Eightco Holdings (OCTO) jumped more than 3,000% to $46.01 after the opening bell on Monday. Shares in BMNR are also up around 0.5% in early trading, now changing hands for $42.36. That mark is down about 18% in the last month, even as it has raced out to a commanding lead in ETH holdings among treasury companies. BitMine now holds well more than double the ETH of runner-up SharpLink Gaming, which holds $3.63 billion worth of Ethereum. The firm's current holdings now exceed more than 1.7% of the entire ETH supply, enough to keep its standing as the second-largest crypto treasury among all publicly traded companies. It only trails Bitcoin behemoth, Strategy, which maintains a Bitcoin portfolio of nearly $72 billion.

Tom Lee's BitMine Adds 202,469 ETH, Boosting Ethereum Treasury to $8.9B

BitMine Immersion has added 202,469 ETH valued at over $873 million, raising its treasury to 2.069 million. The total holdings are valued at $8.93 billion with Ethereum trading above $4,300. BitMine Launches $20M 'Moonshot' With Eightco, Ties Ethereum to AI and Digital Identity Based on a press release, BitMine now controls over $9.21 billion in crypto and liquid reserves, which includes Bitcoin and cash. It remains the second-largest crypto treasury globally, behind Strategy Inc, which holds 636,505 Bitcoin valued at around $71 billion. BitMine strengthened its balance sheet with mining, capital raising and market purchases. Along with treasury gains, BitMine said it invested $20 million in Eightco Holding, a Nasdaq company under the OCTO ticker. Eightco is adopting Worldcoin as its primary treasury asset. Worldcoin, an ERC-20 token, records proof of humanity through zero-knowledge verification. BitMine described the deal as the launch of its "Moonshot" strategy, committing one percent of its balance sheet to ecosystem-strengthening projects. Last week, BitMine boosted its Ethereum treasury with $668 million purchase. Fundstrat Chairman Thomas Lee, who also chairs BitMine, stressed that Worldcoin's verification system could be essential as AI platforms interact with billions of users. He also framed Ethereum as a key foundation for future trust in digital identity and commerce. Lee linked BitMine's accumulation to broader macro trends, citing the convergence of Wall Street and AI on blockchain. He compared the current environment to the 1971 end of the gold standard, saying the GENIUS Act and SEC's Project Crypto could reshape finance in a similar way. BitMine continues to view Ethereum as one of the biggest macro trades for the next decade. BitMine Trading Volumes Top Exxon as ETH Holds $4,308 Level BitMine shares are also among the most traded in the United States. Fundstrat data shows average daily trading volumes of $1.7 billion during early September, ranking the company 30th among all US equities. This places BitMine ahead of Exxon Mobil and Costco and just behind Bank of America. With institutional support from ARK's Cathie Wood, Pantera, and Galaxy Digital, BitMine continues to extend its lead as Ethereum's largest corporate treasury. Ethereum price is trading at $4,308, according to TradingView data. The token is up 0.07% in the past 24 hours, though it remains 1.88% lower over the past week. Monthly gains stand at 7.45%, while six-month growth has surged 124%. Year-to-date, ETH has risen 29.37%.