Tom Lee’s BitMine reports holding over $6.6 billion in Ethereum and Bitcoin

BitMine Immersion Technologies, which ranks as the biggest Ethereum treasury under Thomas “Tom” Lee, disclosed Monday that its crypto holdings have surpassed $6.6 billion, including more than 1.5 million $ETH and 192 Bitcoin.

Within a week, BitMine increased its Ethereum trove by 373,110 units, rising from over 1 million, while its Bitcoin holdings showed no change. The NYSE-listed firm aims to own 5% of the total Ether supply.

BitMine now ranks as the second-largest global crypto treasury, behind Strategy, which holds 629,376 $BTC valued at $72 billion following the latest acquisition.

Commenting on the firm’s rapid accumulation, Lee said institutional investors are backing BitMine’s pursuit of 5% of Ethereum supply. He added that the firm continues to outpace peers in growing crypto NAV per share and stock liquidity.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” Lee added. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”

The company’s stock has reached significant trading volumes, with a 5-day average daily dollar volume of $6.4 billion as of August 8, 2025, ranking 10th among US-listed stocks, ahead of JPMorgan and Alphabet.

BitMine’s institutional investors include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.