Ethereum reserve company BitMine released an announcement on September 2, updating its Ethereum holdings. According to the announcement, BitMine currently holds 1,866,974 ETH. It also holds 192 Bitcoin and $635 million in unsecured cash, bringing its total cryptocurrency and cash holdings to $8.98 billion.
BitMine Chairman Tom Lee also said that the friendly attitude shown by the United States towards cryptocurrencies in 2025 and the implementation of the GENIUS Act have created important opportunities for Ethereum, indicating that Ethereum has entered a super cycle.
SharpLink increased its holdings by 39,008 ETH
At the same time, another Ethereum vault company, SharpLink Gaming, also issued an announcement , announcing that it had purchased an additional 39,008 ETH between August 25 and August 31, bringing its total ETH holdings to 837,230, currently worth more than US$3.6 billion.
The announcement also noted that since the launch of its Ethereum Treasury strategy on June 2, 2025, SharpLink's cumulative staking rewards have reached 2,318 ETH, and the company's ETH concentration index (ETH holdings per 1,000 hypothetically diluted shares outstanding) has risen to 3.94, a 97% increase since the strategy's launch. SharpLink Co-CEO Joseph Chalom stated that SharpLink will continue to accurately execute its Ethereum reserve strategy and closely monitor market dynamics to maximize shareholder value.
US-listed pharmaceutical company Propanc Biopharma joins the Ethereum Reserve Company queue
In addition, Propanc Biopharma, a US-listed biopharmaceutical company, also announced on the same day that it plans to acquire $100 million worth of Ethereum in the next 12 months.
The announcement stated that Propanc is focused on developing novel treatments for recurrent and metastatic cancers. Through this Ethereum investment, Propanc aims to diversify its assets and create potential value. Propanc CEO James Nathanielsz stated:
“Ethereum supports smart contracts and decentralized applications (Dapps), making it more versatile than a simple digital currency. Its ‘proof-of-stake’ consensus mechanism is also faster and more energy-efficient than Bitcoin’s ‘proof-of-work’ system. This is why we chose Ethereum as the core of our asset diversification strategy.”
