Bitmine Adds 264K ETH to Portfolio, Boosts Total Holdings to 2.42 Million

Bitmine has added 264,000 ETH to its portfolio, increasing its total holdings to 2.42 million ETH worth $9.72 billion. This aggressive accumulation signals strong confidence in Ethereum's long-term potential, reinforcing its status as a top institutional choice. The move could tighten supply and potentially influence price action in the coming weeks.

BitMine has significantly bolstered its Ethereum (ETH) holdings by adding 264,000 ETH to its portfolio, bringing its total holdings to 2.42 million ETH worth $9.72 billion as of September 12, 2025. This strategic move underscores strong confidence in Ethereum's long-term potential, positioning it as a top choice for institutional investors. The aggressive accumulation could tighten supply and potentially influence price action in the coming weeks.

The addition of 264,000 ETH to BitMine's portfolio follows a trend of increased institutional adoption of Ethereum, as highlighted by the company's market capitalization surge from $37.6 million in June 2025 to $9.45 billion in September 2025 Tom Lee Says Ethereum Could Reach $10K–$15K by Year-End Amid Institutional Adoption and Layer‑2 Growth^[1]. This growth is driven by several factors, including the increasing demand for on-chain settlement and reserve holdings, which are facilitated by institutional treasury adoption.

Layer 2 networks, such as Arbitrum, Optimism, and Base, play a crucial role in Ethereum's scalability and usability. These networks collectively process up to 14 million daily transactions with a total value locked of approximately $39 billion, significantly enhancing Ethereum's transaction throughput and lowering fees Tom Lee Says Ethereum Could Reach $10K–$15K by Year-End Amid Institutional Adoption and Layer‑2 Growth^[1]. This improvement supports commercial use-cases and stablecoin activity, thereby expanding on-chain utility.

Regulatory developments also support Ethereum's institutional use. The GENIUS Act, enacted in July 2025, established rules for tokenized assets that emphasize reserve transparency and compliance. This regulatory clarity reduces legal risk and compliance overhead, making it easier for financial institutions to allocate to Ethereum-based instruments and treasuries Tom Lee Says Ethereum Could Reach $10K–$15K by Year-End Amid Institutional Adoption and Layer‑2 Growth^[1].

Tom Lee, a prominent analyst, has forecasted that Ethereum could reach between $10,000 and $15,000 by year-end 2025, citing institutional treasury adoption, Layer 2 scaling, and favorable regulatory clarity as primary drivers Tom Lee Says Ethereum Could Reach $10K–$15K by Year-End Amid Institutional Adoption and Layer‑2 Growth^[1]. His projections reflect the increasing confidence in Ethereum's long-term potential and its status as a top institutional choice.

In conclusion, BitMine's aggressive accumulation of Ethereum signals strong confidence in its long-term potential. This move, coupled with institutional treasury adoption, Layer 2 scaling, and favorable regulatory developments, supports a bullish outlook for Ethereum through 2025. Investors should closely monitor treasury disclosures, Layer 2 metrics, and policy updates to gauge the validity of this outlook.