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By Krisztian Sandor|Edited by Stephen Alpher
Updated Aug 18, 2025, 2:23 p.m. Published Aug 18, 2025, 2:23 p.m.
- BitMine’s ETH holdings surpassed 1.5 million ETH worth more than $6 billion.
- The stock’s lower by another 7% as ether continued to quickly pull back from its near record-high last wee.
- Rival ETH treasury company SharpLink (SBET) as well as Solana-focused names Upexi (UPXI), DeFi Development (DFDV) also traded lower.
BitMine Immersion Technologies (BMNR), the listed firm with a digital asset treasury strategy focusing on Ethereum and led by Fundstrat’s Tom Lee, said in a Monday SEC filing that its holdings surpassed 1.5 million ether (ETH) worth roughly $6.6 billion.
With the latest purchases, it has become the second largest public corporate crypto owner, topping miner MARA Holdings (MARA) and trailing only the original treasury play Strategy (MSTR), which owns $72 billion in bitcoin
, perBitcointreasuries.net. Strategy or MARA, of course, are holders of bitcoin, while BMNR is an ETH treasury play.
STORY CONTINUES BELOW
BMNR was 7% lower Monday to $54 alongside a continuing pullback in ETH, which fell below $4,300, down 5% over the past 24 hours. It was less than one week ago when ether nearly touched $4,800 and was within a few dollars of a record high.
Other digital asset treasury companies also traded lower, extending their Friday plunge. ETH-focused SharpLink Gaming (SBET) was down 3%, while Solana-centric firms DeFi Development (DFDV) and Upexi (UPXI) were 9% and 6% lower, respectively.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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By Krisztian Sandor, AI Boost|Edited by Sheldon Reback
58 minutes ago
Shareholders can opt for a $0.05 per share in ETH or cash dividend plus a $0.35 reward for moving shares to book entry for at least 120 days.
What to know:
- BTCS will distribute a first-of-its-kind ether dividend to shareholders, offering $0.05 per share in ETH or cash.
- The firm will also pay a $0.35 per share loyalty payment to those who move their stock into book entry with the company’s transfer agent for at least 120 days.
- The move aims to reward long-term investors and combat short selling, with CEO Charles Allen highlighting a disconnect between the company’s asset value and stock price.
- BTCS advanced 7% on the news, while other digital asset treasury stocks declined.
