Ethereum News Today: BitMine's Ethereum Grab Mirrors 1971 Gold Standard Shift

BitMine Immersion Technologies (BMNR) has made significant strides in its Ethereum accumulation strategy, with its crypto and cash holdings now exceeding $8.8 billion. As of August 24, 2025, the company reported a total of 1,713,899 ETH in its treasury, valued at $4,808 per ETH, alongside 192 Bitcoin and $562 million in unencumbered cash. This position solidifies BitMine as the largest corporate Ethereum holder globally and the second-largest digital-asset treasury after Michael Saylor’s Strategy (MSTR), which holds 629,376 BTC valued at $71 billion [1].

The company’s Ethereum treasury strategy, launched in late June, has led to a rapid increase in crypto and cash assets. Over the past week, BitMine added 190,500 ETH, contributing to a $2.2 billion increase in its total holdings from $6.6 billion to $8.8 billion [3]. This aggressive acquisition is part of BitMine’s long-term objective to accumulate 5% of the total ETH supply, a strategy supported by institutional investors such as ARK’s Cathie Wood, Pantera, Kraken, and Galaxy Digital [1].

BitMine’s stock has also seen a surge in liquidity, with an average daily trading volume of $2.8 billion over the past five days, placing it 20th in the U.S. equity market [2]. This high liquidity has facilitated faster fundraising efforts, enabling the company to scale its Ethereum treasury at an accelerated pace. Chairman Thomas “Tom” Lee of Fundstrat emphasized Ethereum’s potential as a macroeconomic trade over the next decade, noting its role in the integration of blockchain and artificial intelligence in financial services [1].

The company’s net asset value (NAV) per share has also seen a substantial increase. As of August 24, the crypto NAV per share stood at $39.84, up from $22.84 on July 27 [1]. This valuation is calculated by dividing the total crypto and cash asset value by the fully diluted shares outstanding, which currently stand at 221,515,180. BitMine’s strategy has drawn comparisons to historical financial milestones, such as the 1971 shift away from the gold standard, which catalyzed modern Wall Street [1].

BitMine’s operations are strategically located in low-cost energy regions, including Trinidad and Texas, supporting its expansion and Ethereum acquisition goals. The company’s financial transparency is maintained through public filings available on the SEC’s website and its corporate site [3]. With continued institutional backing and a clear vision for Ethereum’s future role in finance, BitMine remains a focal point in the evolving crypto landscape.

Source:

[1] BitMine Immersion Technologies, Inc. (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] The Block (https://www.theblock.co/post/368109/tom-lees-bitmine-surpasses-8-billion-in-treasury-after-latest-eth-purchase)

[3] Coindesk (https://www.coindesk.com/business/2025/08/25/bitmine-s-eth-holdings-top-1-7m-tokens-with-usd562m-of-buying-power-remaining)