BitMine Becomes Largest Non-US Ethereum Holder

BitMine Immersion Technologies has achieved a significant milestone by becoming the largest corporate Ethereum (ETH) holder outside the US. With holdings exceeding 3.2 million ETH, this was formally announced on October 20, 2025. The firm, supported by ARK Invest, is led by Chairman Tom Lee, a prominent voice in crypto markets, while ARK Invest is headed by CEO Cathie Wood. BitMine’s strategy involves capitalizing on Ethereum’s potential and future value increase.

The accumulation of ETH by BitMine, with over 3.2 million ETH valued at around $13 billion, has reshaped the crypto market landscape. This move demonstrates growing institutional interest in Ethereum as key infrastructure.

ARK Invest’s investment reinforces confidence in BitMine’s actions, reallocating $175 million and acquiring significant shares in BitMine, showing deep institutional conviction in Ethereum’s future prospects.

Cathie Wood, CEO, ARK Invest, “Digital Asset Treasury companies like BitMine can bridge traditional finance and decentralized networks… We believe Ethereum will form the base of the next generation’s financial system.”

Institutional ETH holdings like BitMine’s mark a new era in crypto markets, drawing parallels with MicroStrategy’s BTC accumulation. The firm’s strategy is seen as harnessing Ethereum’s role in financial technology. By strategically positioning themselves as a corporate ETH holder, BitMine aligns its vision with emerging financial systems. Such actions could attract further institutional capital toward Ethereum and its ecosystem.