Tom Lee Says Cryptocurrencies and Cash Surpass $9,2 Billion with ETH Treasury

• BitMine Treasury Exceeds $9,2 Billion in Cryptocurrencies
• Ether reserves reach 2,1 million ETH
• Strategic investment includes investment in Eightco Holdings

BitMine Immersion, known for its Ethereum-focused strategy, announced that its cryptocurrency and cash assets have surpassed $9,2 billion. This figure is led by a corporate treasury of approximately 2,069 million ether, solidifying the company as the largest corporate ETH treasury in the world and the second-largest in crypto assets overall, behind only Michael Saylor's Strategy.

The accelerated growth follows steady purchases throughout August, including $65 million invested in the acquisition of 14.665 ETH. The latest count shows that the company added over 319.000 ETH in just one week, bringing its balance sheet to approximately $1,4 billion. The corporate stack already represents over $8,9 billion at the asset's current price.

This movement follows growing institutional interest in ether, whether through spot ETH ETFs or balance sheet programs. Recent data indicates that public companies already have 2,78 million ETH in their treasuries, a volume valued at nearly US$12 billion, corresponding to 2,3% of the network's circulating supply.

In addition to accumulating ether, BitMine announced a strategic investment of US$20 million in Nasdaq-listed Eightco Holdings. The investment is part of a US$270 million PIPE round and supports Eightco's plan to adopt Worldcoin's WLD token as its primary treasury asset. Worldcoin's project, based on zero-knowledge proofs, seeks to validate the "humanity" of users amid the advancement of artificial intelligence platforms.

The investment marks the launch of the “Moonshot” program, in which BitMine directs approximately 1% of its balance sheet to initiatives that can strengthen the Ethereum ecosystem and create long-term value.

On the regulatory side, Nasdaq has been strengthening its oversight of listed companies that primarily use capital raising to purchase cryptocurrencies, signaling that aggressive treasury strategies must align with stricter listing and transparency requirements.

In its long-term vision, the company aims to control at least 5% of the ETH supply, which would represent 6,3 million coins.

"We continue to believe that Ethereum is one of the biggest macroeconomic deals of the next 10 to 15 years," said Tom Lee, the company's president. He added that "Wall Street and AI moving to the blockchain should lead to a major transformation of the current financial system. And most of this is happening on Ethereum."

BMNR shares rose 3% following the announcement, reflecting market optimism surrounding the expansion of corporate treasury into cryptocurrencies.