BitMine Immersion Technologies, a major player in the crypto world, just made a big move by buying 179,251 Ethereum (ETH) worth around $823 million. This purchase boosts their total ETH holdings to a massive 2.83 million coins, now valued at about $13 billion. With this, BitMine remains the largest holder of Ethereum among all public companies.

This move is part of BitMine’s larger strategy to build a strong position in the cryptocurrency market, especially focusing on Ethereum. Along with its huge ETH stash, BitMine also holds 192 Bitcoin, a $113 million investment in Eightco Holdings, and $456 million in cash. In terms of overall crypto assets, BitMine is ranked as the second-largest corporate treasury in the world, just behind Sprint Inc., which holds over 640,000 Bitcoin valued at $79 billion.

Ethereum plays a key role in BitMine’s long-term strategy. According to company chairman Thomas “Tom” Lee, Ethereum is a reliable investment with strong potential for the future. He believes that Ethereum, combined with advancements in artificial intelligence, is reshaping the financial world. Lee also pointed out that the current lower price of ETH offers a smart opportunity to increase their holdings.

BitMine sees Ethereum as what they call a “power law” asset—meaning that having a large amount can bring big long-term advantages. This is why they are focused on collecting more ETH and holding it as a core part of their digital asset strategy.

The company’s recent actions align with big changes happening in financial markets, especially with new laws and regulations like the GENIUS Act and the SEC’s Project Crypto. Some experts say these changes are as significant as when the U.S. ended the gold standard in 1971. Ethereum’s growing ecosystem puts it at the center of this new financial era.

BitMine is also staying active in the global crypto scene. They recently took part in Token2049, a major conference held in Singapore. There, they worked closely with Ethereum developers and other key players in the crypto space. These partnerships help strengthen BitMine’s role in the future of blockchain and AI-powered finance.

Investor confidence in BitMine is strong too. The company’s stock sees daily trading volumes averaging $2.5 billion over five days, putting it among the top 30 most traded stocks in the U.S. market. This high liquidity shows that investors trust BitMine’s focus on Ethereum and long-term crypto growth.

Looking ahead, BitMine plans to keep adding more Ethereum to its treasury and explore other blockchain innovations. Their goal is to stay ahead in the growing digital asset market while keeping their investments safe and strategic.

This latest ETH purchase shows how serious BitMine is about Ethereum’s future. It also highlights how important Ethereum has become for companies building long-term strategies around cryptocurrency and next-gen financial technology.