# BitMine Hits $1B in Ethereum Holdings

*Author: Bankless*
*Published: Jul 17, 2025*
*Source: https://www.bankless.com/read/bitmine-hits-1b-in-ethereum-holdings*

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BitMine Immersion Technologies has amassed more than **300,000 ETH**—worth over $1 billion—cementing its position as a leading institutional treasurer of Ethereum and signaling Wall Street’s growing “ETH‑pilled” trend.

### What’s the Scoop?
- **$1B ETH Treasury:** The NYSE-listed firm now holds approximately 300,657 ETH, marking a jump from around $500 million just days ago.
- **Stock-Fueled Strategy:** After raising $250 million via private placement and appointing Tom Lee as board chair, BitMine more than doubled its ETH stash—from ~163K to 300K ETH.
- **Institutional Validation:** The move, alongside Peter Thiel’s 9.1% stake via Founders Fund, triggered stock rallies between 15–30%, reflecting investor confidence in its ETH pivot.
- **Staking Ambitions:** BitMine targets staking up to 5% of the total ETH supply—using on‑chain yields to mirror the MicroStrategy model but with staking rewards.
- **Volatility Warnings:** While ETH accumulation sparks enthusiasm, the company’s stock has seen sharp swings (e.g., +45% intraday), highlighting execution and market-risk challenges.
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