BitMine appoints new CEO amid Ether buying spree
15.11.2025
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BitMine held about $11 billion worth of ETH as of this week, making it the largest Ether treasury in the cryptocurrency industry.
BitMine Immersion Technologies just dropped a leadership bomb while stacking ETH like there's no tomorrow - they're officially the biggest Ether treasury player in the game with a staggering $11 billion worth of ETH.
Breaking news: Chi Tsang just took the CEO throne from Jonathan Bates effective immediately. This isn't just a leadership shuffle - BitMine's sitting on over 3.5 million ETH tokens as of Monday, valued at a jaw-dropping $11 billion when ETH was pumping at $3,175.
With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution.
The plot thickens: they also appointed three independent board members. Started as a crypto mining play under Chairman Tom Lee, BitMine has evolved into the ultimate ETH treasury beast - basically becoming the Michael Saylor of Ethereum while Saylor's Strategy remains the Bitcoin OG.
ARK Invest (yeah, Cathie Wood's crew) just doubled down on November 7th, scooping up $2 million worth of BitMine shares to boost their ETF exposure to ETH. But here's the twist: BitMine's NYSE stock took a 35% nosedive over the past month, currently chilling at $34.43.
Crypto treasury strategies on the horizon?
While BitMine and Strategy are dominating the ETH and BTC treasury game respectively, other players are making power moves across the crypto spectrum.
Forward Industries is holding it down as the SOL king with an estimated 6.82 million tokens as of Tuesday. Meanwhile, Leap Therapeutics (now rebranded as Cypherpunk Technologies) just went full privacy mode, announcing a $50 million Zcash treasury strategy on Wednesday - because sometimes you need that privacy coin flex.
#Ether ETF#Corporate cryptocurrency investments#Cryptocurrency treasury strategies#Ethereum Ecosystem#Ethereum treasury
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