TLDR:BitMine now holds 1.15M ETH worth $4.96B, the largest Ethereum treasury and third biggest crypto treasury worldwide.ETH holdings jumped $2B in one week, rising from 833K tokens to over 1.15M, according to company data.Supported by ARK’s Cathie Wood and other major investors, BitMine aims to control 5% of all ETH in circulation.BitMine stock now trades $2.2B daily, ranking as the 25th most liquid US stock, ahead of JPMorgan and Micron Technology.Ethereum’s largest corporate treasury now belongs to BitMine. The company has quietly amassed more than 1.15 million ETH, worth nearly $5 billion. Investors in the crypto space are watching closely as BitMine climbs to third place among all corporate crypto treasuries. The rapid growth comes just weeks after it launched its Ethereum accumulation strategy.According to data shared in a company release and reports from Wu Blockchain, the pace of buying has surprised market watchers.BitMine Ethereum Reserves Hit All-Time HighBitMine disclosed that as of August 10, it controls 1,150,263 ETH at a market price of $4,311 per token. The total value stands at $4.96 billion, marking a $2 billion jump from the $2.9 billion reported just a week earlier. The company began building its Ethereum reserves on June 30, closing initial purchases by July 8. In only five weeks, it has overtaken every other ETH-holding entity.Executives noted that the speed of growth is part of a broader goal to own 5% of all ETH in existence. Market analysts said the company’s acquisition pace has outstripped its competitors in both scale and speed. The treasury now ranks behind only MicroStrategy and Mara Blockchain in total crypto value.BitMine today announced holdings of ETH exceeding $4.96 billion. Its ETH holdings total 1,150,263 at $4,311 per ETH, making BitMine the largest ETH treasury in the world. https://t.co/sISCfbDkby— Wu Blockchain (@WuBlockchain) August 11, 2025Institutional Support Fuels BitMine ExpansionBitMine’s aggressive buying has backing from major institutional players. Support comes from ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. This network of high-profile investors has given the company resources and liquidity to expand without slowing down.The growth of the ETH treasury has also been matched by trading activity in BitMine shares. Company data from Fundstrat shows average daily turnover of $2.2 billion. That level of activity ranks the stock 25th in US market liquidity, sitting just behind Costco and ahead of JPMorgan and Micron Technology.Market Watching the Next MoveThe rise in ETH reserves has stirred speculation about market effects. While BitMine’s pace suggests strong confidence in Ethereum’s future, it also puts the company in a position where market swings could have a greater impact. Crypto traders are watching whether its buying pattern will continue at the same velocity.For now, BitMine’s rapid climb to the top of Ethereum’s treasury charts is the headline. If the stated goal of holding 5% of ETH is met, the company could reshape the concentration of Ethereum ownership in the corporate sector. The post Largest ETH Holder? BitMine Now Commands $4.96B in Ethereum Reserves appeared first on Blockonomi.