One of the first public companies to test an Ethereum treasury strategy has rapidly accumulated more than $3 billion of the second-largest crypto asset by market cap.

BitMine says it has rapidly stockpiled the largest Ethereum treasury in the world, now holding 833,000 ETH worth more than $3.03 billion at time of publishing.

Fundstrat co-founder Tom Lee, who is now the Chairman of BitMine’s board of directors, says the firm is pushing to acquire 5% of the circulating supply of Ethereum, which would be about 6,035,480 ETH.

“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago.

We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.”

BitMine calls itself a Bitcoin and Ethereum network company focused on buying crypto for the long term, acquired by BTC mining proceeds and capital raises.

The firm’s mining operations are centered in Trinidad as well as Murray, Kentucky, Pecos, Texas and Silverton, Texas.

ETH is priced at $3,641 at time of publishing, up 4.02% in the last 24 hours.

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The US medical tech firm Semler Scientific is accumulating another round of Bitcoin (BTC) worth tens of millions of dollars, bringing its total to just over 3,300 BTC.

In a new thread on the social media platform X, Eric Semler, founder and chairman of the board of directors, says that Semler Scientific has acquired 111 more BTC worth $10 million, adding that the company “is just getting started.”

In a recent press release, Semler Scientific, which adopted the top crypto asset by market cap as its primary reserve asset in May 2024, discloses that its average cost of its BTC trove is just under $88,000 per token.

“Semler Scientific acquired 111 Bitcoin for $10.0 million with an average purchase price of $90,124 per Bitcoin… As of April 24, 2025, Semler Scientific held 3,303 Bitcoin, which were acquired for an aggregate $290.4 million at an average purchase price of $87,929 per Bitcoin.”

According to the firm’s data, it has generated a BTC yield – or the metric used by the firm to keep track of the success of its Bitcoin buying strategy – of 23.5% year-to-date.

In December, the California-based company purchased 303 Bitcoin, at the time bringing its stash to 1,873 BTC purchased for $147.1 million at $78,553 per token.

Data from Bitcoin Treasuries indicates that Semler Scientific is now the 14th-ranked company in terms of BTC holdings.

The flagship digital asset is trading for $95,068 at time of writing, a 1.8% increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto firm Galaxy Digital is executing an asset swap involving the native tokens of layer-1 blockchains Ethereum (ETH) and Solana (SOL), according to on-chain data.

Data from blockchain tracking platform Lookonchain suggests that Galaxy Digital has, over the past two weeks, sold Ethereum worth tens of millions of dollars and purchased Solana.

“In the past two weeks, Galaxy Digital deposited 65,600 ETH ($105.48 million) to Binance and withdrew 752,240 SOL ($98.37 million) from Binance.”

Galaxy Digital’s portfolio reorganization is coming amid the firm’s head of research, Alex Thorn, predicting that the US will purchase Bitcoin (BTC) this year to add to the Strategic Bitcoin Reserve (SBR) launched in March. According to Thorn, one of the options the US could exercise to purchase the flagship crypto asset in a budget-neutral way would be to swap confiscated altcoins into Bitcoin.

“To be specific, you could sell an altcoin in an altcoin/BTC pair and never touch cash at all. No cash ever has to flow into the [US] general treasury. Could be an easier way to get to a ‘promises made, promises kept’ on the SBR.”

Ethereum is trading at $1,630 at time of writing, down by 67% from the all-time high reached in November of 2021. Solana is changing hands at $140 at time of writing, down by 52% from the record high hit in January.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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