BitMine Surges 24.59% on $4.53B Volume Ranks 15th as Record Ethereum Holdings Attract Institutional Investors

On August 8, 2025, BitMine (BMNR) surged 24.59% with a trading volume of $4.53 billion, ranking 15th in market activity. The stock’s rally follows the company’s strategic accumulation of 833,137 ETH, valued at nearly $3 billion, establishing it as the largest corporate Ethereum holder and third-largest public crypto treasury globally. This move has drawn attention from institutional investors, including Bill Miller and Cathie Wood, who have endorsed the firm’s long-term vision of positioning Ethereum as foundational digital infrastructure.

BitMine’s rapid ETH acquisition, averaging 24,000 tokens daily, highlights its aggressive capital deployment and execution capability. The firm’s treasury strategy mirrors MicroStrategy’s Bitcoin model but focuses on Ethereum, offering traditional investors exposure to crypto through a listed vehicle. Analysts note that the stock’s performance remains closely tied to ETH price movements, with potential staking plans expected to generate recurring revenue from its holdings.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.