BitMine, a company focused on Ethereum, has quickly become one of the most actively traded stocks in the U.S. According to recent data, its stock saw an average daily trading volume of $2.8 billion during the five trading days ending August 24. This high volume places BitMine as the 20th most traded stock in the country — just behind Coinbase and ahead of big names like JPMorgan and Palo Alto Networks.

This surge in trading activity comes at a time when BitMine is shifting its focus more heavily toward Ethereum. Since this move, the company’s stock price skyrocketed nearly 1,000%, reaching a peak of $135 before settling around $53.49. This sharp rise and fall show that investors are paying close attention, but it also highlights how volatile the stock has become.

BitMine is not just trading Ethereum — it’s buying massive amounts of it. As of August 24, the company holds 1.71 million ETH, with each token valued at $4,808. Alongside this, BitMine also holds 192 Bitcoin and $562 million in cash, bringing its total crypto and cash holdings to about $8.82 billion.

This makes BitMine the largest holder of Ethereum in the world and gives it the second-biggest corporate crypto treasury overall — only behind Strategy, which owns around $71 billion worth of Bitcoin.

The company started its Ethereum investment program on June 30 and completed its first phase in under two weeks. Since then, it has been aggressively buying ETH, including a massive purchase of over 190,000 ETH last week alone.

BitMine Chairman Tom Lee said strong interest from institutional investors helped the company raise $2.2 billion in just one week. This is the second week in a row they’ve been able to raise capital at this speed.

Lee explained that BitMine is aiming to control about 5% of all Ethereum, seeing it as a long-term investment. He believes Ethereum could become a key part of the future financial system, especially as blockchain technology and artificial intelligence become more connected.

Keywords: BitMine, Ethereum, ETH investment, crypto treasury, institutional investors, blockchain technology, Ethereum stock surge, Tom Lee, crypto market trends, corporate crypto holdings.