Ethereum News Today: BitMine's ETH Surge Mirrors 1971 Financial Revolution, Paving AI-Driven Future

BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has surpassed 2.83 million Ethereum (ETH) tokens in its treasury, marking a significant milestone in its strategy to accumulate 5% of the ETH supply. As of October 5, 2025, the company's total crypto and cash holdings reached $13.4 billion, including 2,830,151 ETH at $4,535 per token, 192 Bitcoin (BTC), and a $113 million stake in Eightco Holdings (NASDAQ: ORBS), alongside $456 million in unencumbered cash. This positions BitMine as the largest ETH treasury globally and the second-largest crypto treasury, trailing only Strategy Inc (MSTR), which holds 640,031 BTC valued at $79 billion.

The company's aggressive ETH accumulation has been driven by a $365.24 million registered direct offering in late September 2025, which was used to acquire 179,251 ETH tokens worth approximately $820 million. BitMine's treasury now represents over 2% of the total ETH supply, with Chairman Thomas "Tom" Lee emphasizing the strategic importance of Ethereum as a "discount to the future" asset. Lee, co-founder of Fundstrat Capital, highlighted that Ethereum's role in enabling Wall Street and AI to build the next financial infrastructure positions it as a core asset for long-term value creation.

BitMine's stock has also gained traction as one of the most liquid US equities, ranking 28th in trading volume with an average daily dollar volume of $2.5 billion. This liquidity, combined with institutional backing from figures like ARK's Cathie Wood, Founders Fund, and Galaxy Digital, underscores confidence in the company's dual focus on crypto treasury growth and market accessibility. The firm's recent corporate presentation outlines a "moonshot" strategy to allocate 1% of its balance sheet to ecosystem-strengthening investments, such as its $20 million stake in Eightco Holdings, which focuses on Worldcoin (WLD) adoption.

The company's strategic alignment with regulatory shifts, including the GENIUS Act and SEC's Project Crypto, is framed as transformative for financial services. Lee drew parallels to the 1971 dissolution of the Bretton Woods system, which catalyzed Wall Street's modernization, suggesting similar disruptive potential for Ethereum's integration into mainstream finance. BitMine's operations in low-cost energy regions like Trinidad and Texas further support its cost-efficient mining and acquisition model.

Analysts note that BitMine's approach reflects a broader trend of public companies leveraging capital to accumulate crypto assets. While Ethereum's price volatility remains a risk, the firm's focus on staking and long-term value accrual aligns with macro narratives of AI and crypto as "supercycles." With Ethereum's Fusaka upgrade and growing institutional adoption, BitMine's treasury strategy could see compounding benefits as the token's utility expands.