Ethereum is considered superior, according to Tom Lee of Fundstrat.
In the rapidly evolving world of cryptocurrencies, a significant shift has occurred as BitMine Immersion Technologies Inc. (BMNR) has become the number one corporate holder of Ethereum (ETH). With Ethereum holdings valued at nearly $3 billion, BMNR surpassed previous holders through an aggressive accumulation strategy aimed at acquiring 5% of all ETH, targeting approximately 6 million tokens.
Prior to BitMine, SharpLink Gaming (Nasdaq: SBET) held the largest corporate ETH treasury, amassing over 280,000 ETH valued around $840 to $900 million. SharpLink, an online gambling marketing firm that transitioned into a crypto-focused company, raised significant capital and purchased Ethereum heavily between July 7-13, 2025.
Here's a summary of how these companies acquired their Ethereum:
| Company | Holding Size (August 2025) | Acquisition Method | Notes | |-------------------|----------------------------------|--------------------------------------------------------------|--------------------------------------------------------| | BitMine Immersion | Nearly $3 billion worth (~6M ETH goal) | Aggressive accumulation strategy aiming for 5% of all ETH | Institutional investors backing; strategy ongoing | | SharpLink Gaming | ~280,000+ ETH (~$900 million) | Raised $425M + $413M via equity; bulk ETH purchases on market | Transitioned business model, hired Joseph Lubin |
As of August 2025, BitMine holds the largest corporate ETH treasury, having overtaken SharpLink Gaming through continued large-scale accumulation.
In other news, Tom Lee, a seasoned investor with a history of 30 years, has expressed a preference for Ethereum over Bitcoin as the leading altcoin to hold over the next decade. Lee, who is also the chairman of BitMine Immersion Technologies, believes Ethereum is having its "2017 moment" due to his conviction that Wall Street will take tokenization seriously.
However, it's important to note that Tom Lee does not favor the idea of picking just one asset for investment. His belief in Ethereum does not imply a dismissal of Bitcoin or any other cryptocurrency.
In a separate development, John Bollinger, a renowned cryptocurrency analyst, has issued a Bitcoin 'Head Fake' Warning, but the details of this warning are not yet clear.
Meanwhile, JP Morgan, a leading corporation in terms of security and fraud prevention, has a significant share of suspicious activity, with around 7% of transactions flagged as potentially fraudulent.
Michael Saylor, a top expert in the field, has advised against selling Bitcoin in an iconic 'Fight Club' message, but the context of this message remains to be further understood.
Lastly, Fundstrat's Tom Lee, a permabull, believes Ethereum (ETH) is the biggest macro trade of the next decade. However, the reasons and evidence supporting this belief are not specified in the provided text.
[1] Source: Coindesk [2] Source: Forbes [3] Source: Cointelegraph [4] Source: Business Insider [5] Source: The Block Crypto
- BitMine Immersion Technologies Inc. (BMNR), with the support of institutional investors, has embarked on an aggressive accumulation strategy to acquire 5% of all Ethereum (ETH), aiming to hold approximately 6 million tokens, making it the current largest corporate holder of Ethereum.
- Tom Lee, a seasoned investor and the chairman of BitMine Immersion Technologies, believes Ethereum (ETH) is experiencing a significant surge reminiscent of its 2017 growth, positioning it as his top altcoin pick for the next decade.
- Despite Lee's preference for Ethereum, he advises against narrowing investment options to a single asset, such as Bitcoin or Ethereum, emphasizing the importance of diversification.
- In a different development, John Bollinger, a well-known cryptocurrency analyst, has issued a Bitcoin 'Head Fake' Warning, yet the specifics of this warning remain unclear at this time.
