# Tom Lee's BitMine Crosses $10B in Holdings

*Author: Bankless*
*Published: Sep 15, 2025*
*Source: https://www.bankless.com/read/tom-lees-bitmine-crosses-10b-in-holdings*

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Ethereum mega-whale BitMine Immersion has officially crossed $10 billion in crypto and cash reserves, cementing its lead as the largest ETH treasury holder on the market. 

### What’s the Scoop?
- **ETH Hoard Grows:** BitMine bought another 82,000 ETH last week, pushing its total to 2.15 million ETH worth $9.75B. It also holds 192 BTC and $569M in cash.
- **Top ETH Whale:** BitMine now dwarfs other Ethereum-focused treasuries, with Joe Lubin’s SharpLink and The Ether Machine holding 837K and 495K ETH, respectively.
- **Wall Street Backing:** Backed by names like Cathie Wood, Founders Fund, Pantera, Kraken, and Galaxy Digital, BitMine is aiming for 5% of all ETH in circulation — roughly 6.04M ETH.
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