Ethereum News Today: BitMine Aims for 5% ETH Supply as Institutional Backers Fuel $8.8B Crypto Empire

BitMine Immersion Technologies, a publicly traded Ethereum (ETH) treasury company, has expanded its holdings to 1.713 million ETH, valued at approximately $7.9 billion at current market prices. The company also maintains $562 million in unencumbered cash, providing additional capacity for further ETH acquisitions. This brings its total crypto and cash holdings to $8.8 billion as of August 24, 2025, marking a $2.2 billion increase from the prior week’s $6.6 billion. BitMine now holds the largest Ethereum treasury globally and ranks second in overall crypto treasury size, behind MicroStrategy (MSTR), which holds 629,376 BTC valued at $71 billion [1].

The company’s aggressive expansion is supported by a robust institutional investor base, including Cathie Wood’s ARK, Founders Fund, Kraken, Pantera, and Galaxy Digital. These investors are backing BitMine’s goal of acquiring 5% of the total ETH supply. Over the past two weeks, BitMine has added more than 190,500 ETH tokens to its portfolio. The firm’s chairman, Tom Lee of Fundstrat, emphasized that the velocity of capital raising and the liquidity of BitMine’s stock are key drivers of its success. Lee noted that the company’s net asset value (NAV) per share has risen from $22.84 on July 27 to $39.84 as of August 24, reflecting the rapid appreciation of its crypto and cash holdings [2].

BitMine’s stock has also seen significant trading volume, with an average daily dollar volume of $2.8 billion, ranking it 20th in the U.S. in terms of liquidity. This high liquidity enables the company to raise capital at a rapid pace, facilitating its ongoing ETH accumulation strategy. According to Fundstrat data, the stock now trails only Coinbase (COIN) in daily trading volume among U.S. equities and outperforms major financial firms such as JPMorgan and Palo Alto Networks [3].

The company's growth is occurring amid a broader shift in institutional interest in Ethereum, with many investors viewing the blockchain as a critical platform for the future of finance and artificial intelligence. Lee highlighted that Ethereum is expected to lead the next wave of financial innovation, with Wall Street and AI infrastructure increasingly integrating blockchain technology. BitMine’s strategy aligns with this trend, with Lee expressing confidence in Ethereum’s long-term macroeconomic potential over the next 10–15 years.

BitMine is also preparing for a future where regulatory frameworks like the GENIUS Act and the SEC’s Project Crypto could redefine the financial landscape. These developments, Lee argues, are as transformative as the 1971 shift away from the gold standard, which catalyzed the modernization of Wall Street. The company is positioning itself to benefit from this evolution by maintaining a strong, liquid stock and a growing Ethereum treasury.

In a separate update, BitMine recently filed to raise an additional $20 billion through stock sales, signaling its intent to continue scaling its Ethereum holdings. The company’s operations are based in low-cost energy regions in Trinidad and Texas, which support its Bitcoin and Ethereum mining activities. These operations, combined with capital-raising efforts, form the core of BitMine’s strategy to build a diversified and resilient digital asset portfolio [4].

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[1] BitMine Immersion (BMNR) Reigns as the 1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-reigns-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-and-the-20th-most-liquid-us-stock-trading-2-8-billion-per-day-on-average-302537388.html)

[2] BitMine's ETH Holdings Top 1.7M Tokens, With $562M of Buying Power Remaining (https://www.coindesk.com/business/2025/08/25/bitmine-s-eth-holdings-top-1-7m-tokens-with-usd562m-of-buying-power-remaining)

[3] Bitmine (BMNR) Jumps 12% as ETH Soars to New High (https://finance.yahoo.com/news/bitmine-bmnr-jumps-12-eth-151209656.html)

[4] Ethereum's MicroStrategy Giant Purchased Large ETH Again Today, Ethereum Maintains Its Leadership (https://en.bitcoinsistemi.com/ethereums-microstrategy-giant-purchased-large-eth-again-today-ethereum-maintains-its-leadership/)