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BitMine said its 
Ethereum holdings reached 833,000 ETH as of August 4, making it the largest public ETH treasury globally. The company added 208,000 ETH since its last disclosure just two weeks earlier.
What’s the Scoop?
- $2.9B ETH Treasury: BitMine's ETH stack grew to 833,000 tokens, worth over $2.9 billion, overtaking SharpLink and The Ether Machine. The firm added 208,000 ETH valued at $739 million since late July, continuing a breakneck pace of acquisition.
- Investor Lineup Grows: Bill Miller III joined as a top backer, alongside ARK Invest and Founders Fund. ARK has purchased $52.3 million in BMNR stock.
- Capital Raise Strategy: BitMine moved from a $250 million PIPE to nearly $3 billion in ETH in just over a month by issuing equity and convertibles.
- 5% ETH Goal: Chairman Tom Lee reaffirmed BitMine's ambition to secure 5 percent of total ETH.
