Ethereum Whale is born! BitMine holds 2.83 million ETH, becoming the second largest encryption asset holding company in the world.

BitMine Immersion Technologies (stock code: $BMNR) announced that as of October 6, 2025, total assets reached $13.4 billion, possessing the largest Ethereum (ETH) inventory globally, second only to MicroStrategy, officially becoming the world's second-largest encryption asset holding company.

More than 2.83 million Ethereum were bought last week alone, nearly 180,000.

According to the latest financial report, BitMine holds as many as 2,830,000 Ether (ETH), having increased its holdings by 179,251 ETH just in the past week.

In addition to ETH, BitMine also holds 192 bitcoins (BTC), which are worth a significant amount. The company's asset structure also includes a $113 million equity investment in Eightco (stock code: $ORBS), as well as a cash position of $456 million.

Overtaking Nike, second only to JPMorgan: Daily trading volume reaches 2.5 billion USD.

BitMine is not only making a significant impact in the cryptocurrency asset space but is also performing impressively in the stock market. According to Fundstrat data, BitMine's average daily trading volume is $2.5 billion, ranking 28th among the 5,704 publicly listed companies in the U.S. stock market, with a trading volume only surpassed by JPMorgan and exceeding that of sports giant Nike.

Together with MicroStrategy, the two companies account for 86% of the overall trading volume of "digital asset treasury stocks", indicating a high level of investor attention on encryption asset companies.

Chairman appears at the Asia Summit: emphasizes the integration of Ethereum with AI and Wall Street.

Tom Lee, the chairman of BitMine, recently appeared at the Token2049 conference in Singapore, highlighting the increasing integration trend between Ethereum and artificial intelligence (AI), as well as traditional finance (especially Wall Street).

He revealed that a recent meeting with Ethereum core developers has deepened his confidence in the future application scenarios of Ethereum. He also mentioned that Ethereum is gradually moving towards enterprise-level applications, no longer just being the infrastructure for DeFi and NFTs.

Blockchain is not just for trading coins: showcasing air quality monitoring devices, leading the way for real-world applications.

At the recently concluded Milken Asia Summit, BitMine showcased a blockchain-based air quality monitoring device that can track carbon dioxide (CO2) levels in real time, further demonstrating the practicality of blockchain and its ability to integrate with the real world.

This demonstration emphasizes that Ethereum also has potential in the ESG fields such as energy and environmental monitoring. The technology is no longer limited to the virtual financial market but is gradually penetrating the real economy.

BitMine firmly maintains its dominance in the encryption vault: future layouts are receiving significant attention.

While MicroStrategy is actively hoarding Bitcoin, BitMine's strategy chooses to focus on Ethereum, gradually establishing its "ETH whale" status. As Ethereum 2.0 technology continues to advance, the market generally has a positive outlook on its long-term value and application potential.

If BitMine continues to expand its asset pool at the current rate, it is possible that it will surpass MicroStrategy in the future and become the largest encryption asset repository company in the world.

This article is about the birth of an Ethereum whale! BitMine holds 2.83 million ETH, becoming the world's second largest cryptocurrency asset holding company. It first appeared in Chain News ABMedia.