Ethereum News Today: BitMine’s Ethereum Alchemy Challenges Gold Standard of Finance

BitMine Immersion Technologies (BMNR) has increased its Ethereum (ETH) holdings to over 1.52 million tokens, valued at $6.612 billion, solidifying its position as the world’s largest Ethereum treasury and the second-largest crypto treasury globally, behind Strategy Inc. (MSTR), which holds 628,946 BTC valued at $74 billion [1]. This rapid accumulation marks a significant milestone in the company’s ETH treasury strategy, which was launched on June 30, 2025. Over the past week alone, BitMine added more than 373,000 ETH to its holdings, translating to a $1.7 billion increase in total crypto value [2].

The company’s strategy, often referred to as the “alchemy of 5%,” aims to acquire 5% of the circulating Ethereum supply, a goal backed by a strong consortium of institutional investors. These include prominent figures and firms such as ARK Invest’s Cathie Wood, Founders Fund, Pantera, Galaxy Digital, Kraken, and Digital Currency Group. Tom Lee, BitMine’s Chairman and Managing Partner at Fundstrat, highlighted the institutional support and the company’s aggressive pace of acquiring ETH, stating that the move reflects confidence in the long-term value of Ethereum and the broader blockchain and AI-driven financial systems [3].

BitMine’s stock has also gained considerable liquidity, averaging a daily trading volume of $6.4 billion as of August 8, 2025. This places the company’s stock among the top 10 most liquid equities in the United States, outperforming major financial institutions such as JPMorgan and Alphabet in terms of trading volume. The increased liquidity is attributed to the company’s strong institutional backing and its strategic focus on Ethereum accumulation, which has attracted a broad investor base [1].

Despite the significant growth in its Ethereum holdings, BitMine’s share price has experienced a decline in recent weeks. According to data from Google Finance, the stock has dropped 14.2% since August 11, a period that coincided with the company’s rapid acquisition of ETH. The decline has been linked to broader market conditions, particularly the recent pullback in the price of Ethereum, which fell below $4,300 after reaching near-record highs last week [4]. BitMine’s stock is down another 7% as of Monday, closely tracking the downward movement in ETH prices [5].

The increased interest in Ethereum has been further fueled by developments such as the passage of the GENIUS Act and the SEC’s Project Crypto initiative. Tom Lee likened these regulatory advancements to the historic shift in financial markets in 1971 when the U.S. ended the Bretton Woods system and the gold standard. He argued that such changes are catalysts for transformation in the financial sector, much like the creation of modern Wall Street institutions [1]. Additionally, Ethereum has seen substantial inflows into exchange-traded funds (ETFs), with over $1 billion in investments reported recently. The growing institutional adoption, combined with regulatory clarity, is expected to drive further demand for Ethereum [2].

Looking ahead, BitMine has outlined plans to raise $24.5 billion through an at-the-market stock offering to continue its ETH acquisition strategy. This move underscores the company’s commitment to expanding its Ethereum holdings and reinforcing its position as a major player in the digital asset space. The broader Ethereum ecosystem has also seen increased activity, with companies like SharpLink Gaming and The Ether Machine accelerating their own ETH accumulation efforts. As the market continues to evolve, the role of Ethereum in shaping the future of blockchain finance and AI-driven economic systems remains a key focal point [4].

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[1] BitMine Immersion (BMNR) is the 1 ETH treasury in the world, now 2nd largest crypto treasury globally and the 10th most liquid US stock, trading $6.4 billion per day on average (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-is-the-1-eth-treasury-in-the-world-now-2nd-largest-crypto-treasury-globally-and-the-10th-most-liquid-us-stock-trading-6-4-billion-per-day-on-average-302531968.html)

[2] BitMine Adds $1.7 Billion in Ethereum, Now Second Behind ... (https://finance.yahoo.com/news/bitmine-adds-1-7-billion-162302851.html)

[3] BitMine's Crypto Holdings Surpass 1.52 Million ETH To ... (https://finance.yahoo.com/news/bitmines-crypto-holdings-surpass-1-123858320.html)

[4] BitMine ETH holdings reach $6.6B as share price tumbles ... (https://cointelegraph.com/news/bitmine-eth-holdings-reach-6-6b-share-price-tumbles)

[5] Ether Treasury News: Bitmine's (BMNR) ETH Holdings Top ... (https://www.coindesk.com/business/2025/08/18/bitmine-s-ether-holdings-top-usd6-6b-stock-slides-7-alongside-eth-s-tumble)