Ethereum News Today: BitMine Acquires 1.52M ETH in $6.6 Billion Treasury Expansion

BitMine has accelerated its Ethereum strategy over the past several months, significantly expanding its crypto treasury and solidifying its position as a key player in the institutional Ethereum space. The company, led by Tom Lee, has acquired 1.52 million ETH—valued at $6.6 billion—as part of its long-term objective to control 5% of the total Ethereum supply [2]. This accumulation includes a notable $1.7 billion surge in a single week, during which the firm acquired 373,000 ETH tokens [2]. As of late August 2025, BitMine holds approximately 1% of the total Ethereum supply, positioning itself as the second-largest single entity holder of ETH [4].

The firm’s strategy combines price appreciation with staking yields and disciplined buybacks, creating a multi-faceted value proposition for shareholders. Institutional support has been strong, with backing from prominent figures such as ARK’s Cathie Wood, Mozayyx, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital [5]. These investments signal confidence in Ethereum’s long-term potential, particularly as it continues to evolve as a foundational asset in decentralized finance (DeFi) and AI-driven financial ecosystems.

BitMine’s approach draws comparisons to MicroStrategy’s Bitcoin accumulation strategy, which catalyzed broader institutional interest in crypto assets. By pursuing a similar playbook with Ethereum, the firm is positioning itself to influence market dynamics and asset valuation in a more diversified crypto landscape. The acquisition has already generated significant liquidity in the Ethereum market and could have further implications for DeFi protocols and Layer 2 networks tied to the Ethereum ecosystem [2].

The company’s Ethereum treasury is now the largest of its kind globally and ranks as the second-largest crypto treasury overall, trailing only Strategy Inc (MSTR) [5]. BitMine’s stock has seen robust trading volume, averaging $6.4 billion per day, placing it among the top 10 most actively traded stocks in the U.S. [5]. This reflects growing institutional and retail investor attention to crypto-related equities, further reinforcing Ethereum’s role in mainstream financial markets.

Tom Lee, who previously led the Fundstrat digital asset research team, has consistently emphasized Ethereum’s macroeconomic potential over the next 10 to 15 years. He has stated that Ethereum will play a central role in the next phase of financial system transformation, particularly as it integrates with artificial intelligence and traditional Wall Street infrastructure [5]. This conviction has driven BitMine’s aggressive accumulation and aligns with broader regulatory developments, such as the GENIUS Act and the SEC’s Project Crypto, which are seen as pivotal shifts in the institutional adoption of digital assets [5].

BitMine’s Ethereum strategy continues to evolve rapidly, with the firm emphasizing both the velocity and liquidity of its treasury expansion. As it works toward its 5% target, the company’s actions may further shape Ethereum’s market perception and drive broader institutional adoption of the asset.

Source:

[1] https://finance.yahoo.com/news/bitmines-crypto-holdings-surpass-1-123858320.html

[2] https://www.ainvest.com/news/ethereum-news-today-bitmine-buys-1-ethereum-supply-1-7b-week-spree-2508/

[3] https://www.ainvest.com/news/bitmine-immersion-ethereum-treasury-play-high-conviction-bet-institutional-crypto-infrastructure-2508/

[4] https://www.mexc.com/news/bitmines-1-7b-weekly-haul-pushes-ethereum-holdings-past-6-6b/65829

[5] https://news.futunn.com/en/post/60755399/bitmine-immersion-bmnr-is-the-1-eth-treasury-in-the

[6] https://www.mexc.com/news/this-years-ethereum-is-the-plus-version-of-last-years-bitcoin/65767

[7] https://www.bloomberg.com/news/articles/2025-08-18/ethereum-s-big-backers-unleash-billions-to-push-into-wall-street?srnd=homepage-europe