2025-12-31 03:21:49

Recently, there has been an interesting phenomenon. Bitmine's activities on ETH are becoming more aggressive, and their holdings have already clearly surpassed those of the Ethereum Foundation.

According to the latest data, the BMNR fund under Bitmine currently holds 4.11 million ETH, which is roughly equivalent to 41.1 million ETH units, with a market value of about $13.2 billion. This scale is indeed significant.

In contrast, on the Ethereum Foundation's side, according to the Q3 2025 report, combined with the balances of known wallets, they hold approximately 1.82 million ETH, with a total vault value of about $974.4 million. Major crypto assets like ETH, stETH, and a small amount of BTC account for 88% of the holdings.

From a numerical comparison, Bitmine's holdings are already more than 20 times that of the foundation. This change is quite noteworthy and reflects different strategies among market participants in Ethereum asset allocation.

ETH0,1%

STETH0,12%

BTC-0,67%

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SignatureDenied

· 16h ago

Wait, can Bitmine really outperform the foundation by so many times? This seems a bit unbelievable.

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0xSleepDeprived

· 16h ago

Whoa, over 20 times? Bitmine is really pushing down the foundation's grandfather.

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BTCWaveRider

· 16h ago

Wait, is Bitmine's holdings over 20 times that of the Foundation? This doesn't seem quite right. --- Is this a signal of institutional accumulation, or has the Foundation already stopped caring? --- With an ETH position of $13.2 billion, that's quite aggressive. --- Wait, the Foundation only has $970 million? That's a huge gap, feels like the story is changing. --- Is it true? Is Bitmine now so aggressive? --- So who is the real owner of Ethereum? --- This data looks a bit off, need to double check.

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RetailTherapist

· 17h ago

Wait, does Bitmine really hold 4.11 million coins? That number seems a bit outrageous. --- 20 times? Has the foundation given up? --- So the institutions are frantically bottom-fishing, while we're still debating the ups and downs. --- It seems that large holders' influence is becoming increasingly significant. --- Something's off. Institutional accumulation of this scale is never a coincidence. --- Foundation: We rely on faith. Bitmine: We rely on chips. --- This is the true power dynamic of the market. Wake up, everyone.

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