Ethereum News Today: BitMine Adds 317,000 ETH to Treasury as Institutional Demand Rises

BitMine Immersion Technologies has further expanded its Ethereum (ETH) holdings by acquiring 317,000 ETH, valued at approximately $4.9 billion. This latest addition brings the company's total Ethereum reserves to 1,150,263 ETH, solidifying its position as the largest corporate holder of ETH globally [1]. The purchase follows an initial acquisition of 208,137 ETH earlier this summer and is part of a strategic initiative launched on June 30, 2025, to build a long-term Ethereum treasury [2].

The timing of the acquisition aligns with a broader upward trend in Ethereum’s price. ETH has recently crossed the $4,000 psychological level and is currently trading at $4,288, representing a 2.2% increase in the past 24 hours. Daily trading volume has also surged, reaching $40.4 billion, a 2.3% rise compared to previous levels [2]. These figures indicate growing institutional and retail confidence in Ethereum’s market potential.

BitMine’s aggressive accumulation of ETH has positioned it as the third-largest crypto treasury in the world, following only MicroStrategy and Mara Blockchain [3]. The company has also announced plans to repurchase up to $1 billion of its outstanding common stock, signaling a multi-pronged strategy to both strengthen its balance sheet and increase its exposure to digital assets.

The Ethereum treasury movement is not exclusive to BitMine. Other publicly traded firms have also entered the space. SharpLink recently added 15,822 ETH, increasing its total holdings to 480,031 ETH, valued at around $1.65 billion [2]. Meanwhile, The Ether Machine acquired 15,000 ETH at an average price of $3,809 per token, raising its holdings to 334,757 ETH. These actions reflect a growing trend among institutional investors to treat Ethereum not just as a speculative asset, but as a strategic component of corporate treasury management.

Ethereum co-founder Vitalik Buterin has acknowledged the positive impact of corporate adoption on the broader Ethereum ecosystem. While he praised the efforts of firms like BitMine in expanding Ethereum’s investor base, he also warned of the potential risks associated with excessive leverage in the sector [2]. His comments highlight the ongoing dialogue between developers and institutional participants about the future of Ethereum’s role in traditional finance.

BitMine’s continued accumulation underscores a structural shift in how digital assets are perceived and managed by institutional investors. As more firms follow suit, Ethereum’s demand profile is likely to benefit, reinforcing its position as a leading digital asset alongside Bitcoin. The firm’s actions signal confidence in Ethereum’s long-term value and its potential to serve as a reserve asset in a diversified corporate portfolio [1].

Source: [1] title1 (https://crypto-economy.com/bitmine-purchases-317000-eth-continuing-the-institutional-buying-frenzy/)

[2] title2 (https://thecoinrise.com/ethereum-corporate-holder-bitmine-adds-317000-eth-to-its-reserve/)

[3] title3 (https://decrypt.co/334478/bitmines-ethereum-nears-5-billion-largest-eth-buy)