# Tom Lee's BitMine Surpasses 1M ETH, Taking Its Treasury Near $5B

*Author: Bankless*
*Published: Aug 11, 2025*
*Source: https://www.bankless.com/bitmine-adds-317-000-eth-takes-its-treasury-near-5-b*

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BitMine Immersion Technologies just dropped a massive 317,000 ETH on its corporate balance sheet, pushing its total holdings to 1.15 million ETH, or roughly $4.9 billion at current prices.  

### What’s the Scoop?
- **Huge Acquisition:** BitMine added 317,000 ETH. The company further widened the gap between itself and competitors like SharpLink, which holds 598k ETH.
- **Capital Markets in Motion:** The purchase was largely funded through aggressive equity and convertible instruments deployed over the past month.
- **Industry Implication:** BitMine’s velocity in accumulating ETH highlights how corporate treasuries now dictate much of the demand for the token.
- **Staking Ambitions Intact:** Chairman Tom Lee reaffirmed the firm’s goal of staking up to 5% of total Ethereum supply—what he dubs the “alchemy of 5%.”
[The World’s Largest ETH Holder - Tom Lee on Treasuries, Ethereum Dominance, and Wall Street on BanklessUnpacking Tom Lee’s quest to acquire 5% of all ETH supply.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-524.png)Bankless![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/YT_thumb_Aug_6_2b_1090x1080-1.jpg)](https://www.bankless.com/podcast/tom-lee-treasuries)