Tom Lee’s BitMine Becomes World’s Second-Largest Crypto Treasury Firm, Trailing Only Michael Saylor’s Strategy
Tom Lee’s BitMine has become the second-biggest crypto treasury company globally after Michael Saylor’s Strategy after it added 373,110 Ethereum tokens to its reserves over the past week. That series of buys has pushed the company’s total ETH holdings to 1,523,373 tokens valued at $6.44 billion at current prices, according to data from StrategicETHReserve. BitMine now holds 1.26% of the total ETH supply, and has more than double the amount of ETH on its balance sheets compared to its nearest rival, SharpLink Gaming. Top 5 biggest ETH treasury companies (Source: StrategicETHReserve) SharpLink Gaming holds 728.8K ETH valued at $3.08 billion, while the third-biggest ETH treasury company is The Ether Machine with as stockpile of 345.4K ETH valued at $1.46 billion. BitMine Now Only Behind Strategy In Crypto Holdings BitMine shared an update on its ETH holdings via an Aug. 18 X thread to say its ETH holdings gained $1.7 billion in value in just ...