Ethereum News Today: Institutional Gamble: Ethereum Treasuries Fuel $9K Price Hope

BitMine Immersion Technologies (BMNR) holds the largest Ethereum (ETH) treasury, with a total value of $8.3 billion, following the acquisition of 153,075 additional ETH units in the past ten days. This acquisition increased its ETH holdings to a value representing 1.5 percent of the total supply, making it the second-largest cryptocurrency treasury globally, behind Bitcoin-focused Strategy Inc. BitMine listed on the NYSE American on July 8, 2025, and continues to expand its treasury strategy through capital-raising transactions and direct ETH acquisitions. The company has also secured shareholder approval for its initial public offering and remains compliant with NYSE standards.

ETHZilla Corporation, another major player in the Ethereum treasury space, is also making strategic moves. On September 2, the Nasdaq-listed company announced a $100 million deployment into EtherFi, a leading liquid restaking protocol. This allocation represents part of ETHZilla’s 102,246 ETH reserve, valued at approximately $456 million. The firm also holds $221 million in cash equivalents, bolstered by a $425 million private placement with over 60 institutional investors. ETHZilla further expanded its Ethereum holdings in August by purchasing over 20,000 ETH units at an average price of $3,949 per coin. The company’s strategic pivot into digital assets positions it as a key player in institutional Ethereum adoption.

SharpLink Gaming, Inc. (SBET) ranks third in the Ethereum treasury hierarchy, with a current holding of 837,230 ETH, valued at over $3.6 billion. Despite aggressive ETH purchasing and a strong liquidity position, the company’s stock has experienced a decline. In the week ending August 31, 2025, Sharplink acquired 39,008 ETH and earned 0.5 ETH in staking rewards, bringing its cumulative rewards to 2,318 ETH. The company also raised $46.6 million through its At-the-Market (ATM) facility, with $71.6 million in cash and equivalents as of August 31, 2025. This capital supports its ETH treasury strategy and operational needs, yet the market has not responded favorably, highlighting the volatility and mixed sentiment surrounding crypto-linked equities.

The Ethereum treasury landscape is also being shaped by broader market dynamics, including a growing supply shortage driven by validator activity. Approximately 833,141 ETH is currently trapped in a 14-day staking queue, with more than 823,789 ETH waiting to exit. This imbalance reduces the ETH available for trading and creates upward price pressure. Analysts at Fundstrat Insights predict ETH could reach $9,000 by January 2026 based on Wyckoff pattern analysis. The Shanghai/Capella Upgrade in April 2023 significantly boosted staking activity, contributing to Ethereum’s price increase from $1,800 to over $2,100 within weeks. Historical patterns indicate that validator supply shortages often lead to bullish momentum in ETH prices, potentially breaking key resistance levels.

Institutional and corporate participation in Ethereum treasury management is reshaping market dynamics. Companies like BitMine, ETHZilla, and Sharplink are not only accumulating ETH but also exploring innovative strategies such as liquid restaking to enhance returns. EtherFi, the leading liquid restaking protocol, has attracted significant institutional interest, with total value locked surpassing $30 billion. Restaking allows ETH holders to secure the network while generating additional returns and maintaining liquidity through tradeable receipt tokens. This trend reflects a broader shift in how institutional players view Ethereum, blending network security with profit optimization.

Ethereum’s growing institutional adoption is also evident in the accumulation trends highlighted by on-chain data. Glassnode reports that ETH supply on exchanges continues to reach record lows as institutions stack billions in Ether. Mid-July to August 2025 saw the largest ETH accumulation in history, with mega whales driving a net inflow of 2.2 million ETH ($10 billion). Additionally, Ethereum’s Cost Basis Distribution (CBD) shows a divergence between spot activity and derivative market speculation, with derivatives playing a more significant role in price movement. Analysts emphasize the importance of renewed strong-hand accumulation and derivative market impulse in achieving key price targets.

Source:

[1] Bitmine (BMNR) Soars Anew as ETH Treasuru Raises to $8.3 Billion (https://finance.yahoo.com/news/bitmine-bmnr-soars-anew-eth-163409873.html)

[2] BitMine Immersion (BMNR) Statement on NYSE American Listing and Access to Capital Markets (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-statement-on-nyse-american-listing-and-access-to-capital-markets-302547414.html)

[3] Ethereum Restaking Is New Trend: ETHZilla's $100M Ether.fi Move (https://finance.yahoo.com/news/ethereum-restaking-trend-ethzilla-100m-080553605.html)

[4] 833K ETH Trapped in Validator Queue Creates Supply Shortage (https://finance.yahoo.com/news/833k-eth-trapped-validator-queue-152557383.html)

[5] SharpLink Gaming, Inc. (SBET) Stock: Falls Despite $3.6B ETH Holdings and Strong Liquidity (https://coincentral.com/sharplink-gaming-inc-sbet-stock-falls-despite-3-6b-eth-holdings-and-71-6m-cash-reserve/)