Ethereum News Today: BitMine Builds $2.9 Billion ETH Treasury in 35 Days

BitMine Immersion Technologies has secured the largest corporate Ethereum (ETH) treasury in the world, holding 833,137 ETH valued at $2.9 billion as of August 3, 2025. This acquisition marks a significant milestone in corporate crypto treasury management and signals strong institutional confidence in Ethereum’s blockchain and staking potential [1]. The rapid accumulation, which occurred over 35 days, was largely funded by a $250 million private placement in July, enabling the company to stake up to 5% of the global ETH supply. At a conservative 3% staking yield, this position could generate roughly $87 million annually [2].

The strategic move has had notable effects on BitMine’s stock performance, contributing to increased liquidity and trading volume. The company’s stock, BMNR, has become the 42nd most liquid in the U.S., with an average daily trading volume of $1.6 billion. This liquidity surge has been attributed to support from high-profile institutional investors such as ARK Invest, Pantera Capital, and Bill Miller III, who have compared BitMine’s approach to MicroStrategy’s Bitcoin accumulation strategy [3].

BitMine’s ETH holdings effectively remove approximately 0.46% of the total Ethereum supply from market circulation, enhancing Ethereum’s scarcity dynamics and reinforcing institutional demand. This aligns with broader market trends, where Ethereum has outperformed Bitcoin in ETF inflows, and staking yields range between 1.7% and 2.2%. The company’s strategy of staking a significant portion of its treasury contributes to Ethereum’s growing appeal as a programmable and yield-generating asset [4].

Despite these advantages, the strategy carries inherent risks, particularly due to Ethereum’s price volatility and evolving regulatory environment. BitMine mitigates some of these concerns by operating in low-cost energy regions such as Texas and Trinidad, which reduce operational expenses and support long-term capital compounding [6].

BitMine’s aggressive accumulation and staking approach reflect a calculated bet on Ethereum’s long-term institutional adoption. With over 2.33 million ETH now held by public companies, BitMine’s 833,137 ETH stake underscores a pivotal shift in the perception of Ethereum from a speculative asset to an institutional reserve. This trend is likely to continue as more firms adopt similar strategies, shifting the supply-demand balance in favor of scarcity and strengthening Ethereum’s value proposition in a maturing crypto market [8].