BitMine Surpasses Ethereum Foundation as Top Public ETH Holder, Launches Options on NYSE
BitMine Immersion Technologies has taken a commanding lead in the Ethereum space, becoming the largest publicly listed entity to hold ETH, with its holdings now valued above $2 billion.
The firm’s latest disclosure reveals that it owns 566,776 ETH, acquired at an average cost of $3,643.
This stash puts BitMine ahead of both the Ethereum Foundation and Coinbase in terms of ETH ownership, outpacing even SharpLink by over 200,000 tokens. Despite holding under 0.5% of the circulating supply, BitMine is working toward a bold goal: controlling 5% of Ethereum’s total supply through sustained accumulation and staking.
Backing from major investors like Ark Invest—who have committed over $170 million—has only strengthened BitMine’s positioning. Ark’s CEO, Cathie Wood, called the company a key player in the future of decentralized finance, predicting its evolution into a next-generation digital asset manager.
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In tandem with its ETH strategy, BitMine has also begun offering options trading on its stock under ticker “BMNR” on the New York Stock Exchange. This move is seen as a step toward broader investor access and improved risk management tools. Following the announcement, BMNR shares climbed 7% to $42, signaling growing market confidence.
BitMine’s expanding role in both crypto and traditional finance suggests it’s not just stockpiling ETH—it’s building a foundation for long-term leadership in on-chain capital markets.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
