{"id":25402,"date":"2025-07-17T18:01:19","date_gmt":"2025-07-17T15:01:19","guid":{"rendered":"https:\/\/forklog.com\/en\/bitmine-surpasses-sharplink-in-ethereum-holdings\/"},"modified":"2025-07-17T18:01:19","modified_gmt":"2025-07-17T15:01:19","slug":"bitmine-surpasses-sharplink-in-ethereum-holdings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitmine-surpasses-sharplink-in-ethereum-holdings\/","title":{"rendered":"BitMine Surpasses SharpLink in Ethereum Holdings"},"content":{"rendered":"

The mining company BitMine Immersion Technologies has become<\/a> the largest public holder of Ethereum. It holds 300,657 ETH valued at over $1 billion.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n

The firm raised $250 million through a private stock placement but allocated three times that amount to cryptocurrency purchases. The accumulation of Ethereum began in late June.<\/p>\n

BitMine stated that the ultimate goal is to acquire and stake 5% of the total supply of the second-largest cryptocurrency by market capitalization.<\/p>\n

This strategy attracted major investors, with Peter Thiel’s Founders Fund acquiring<\/a> a 9.1% stake in the miner.<\/p>\n

Earlier, SharpLink reported<\/a> holding 280,706 ETH, valued at approximately $962 million. Both companies possess more ether than the Ethereum Foundation.<\/p>\n

Other public firms are also eager to increase their ETH reserves. GameSquare announced<\/a> the completion of a $70 million stock offering, stating that most of the proceeds will be used to boost reserves of the second-largest cryptocurrency by market capitalization. The goal is to become one of the largest publicly listed holders of the altcoin.<\/p>\n

Back in April, the Nasdaq-listed miner Bit Digital raised $67.3 million<\/a> for Ethereum purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mining company BitMine Immersion Technologies has become the largest public holder of Ethereum. It holds 300,657 ETH valued at over $1 billion. Source: Strategic ETH Reserve. The firm raised $250 million through a private stock placement but allocated three times that amount to cryptocurrency purchases. The accumulation of Ethereum began in late June. BitMine […]<\/p>\n","protected":false},"author":1,"featured_media":25401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-25402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25402"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25401"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}