BitMine Buys $1.5 Billion Worth of Ethereum, Reaches Top Corporate Ether Holder

Blockchain data reveals a surge in large-scale Ether accumulation by companies like BitMine Immersion Technologies, which has quietly acquired nearly 380,000 ETH this week. The firm now holds over 3 million coins, or roughly 2.5% of the total supply, making it the world’s largest corporate Ether holder. This latest purchase, spanning three transactions, represents a $1.5 billion investment, according to data from Arkham Intelligence. BitMine began building its Ethereum position in July when the asset traded at around $2,500, and is now halfway toward its goal of owning 5% of the network’s supply.