Ethereum News Today: BitMine Becomes Ethereum's Largest Corporate Holder with 566,776 ETH Aiming for 5% Staking by 2025

BitMine Immersion Technologies has become the largest corporate holder of Ethereum, accumulating 566,776 ETH valued at $2.1 billion. The NYSE-listed mining firm has pivoted from Bitcoin mining to Ethereum acquisition, aiming to stake 5% of the total ETH supply by July 24, 2025. This target represents a strategic shift toward leveraging Ethereum’s proof-of-stake model and decentralized finance (DeFi) ecosystem. The company’s current holdings account for approximately 0.47% of Ethereum’s total supply, which stood at 120 million ETH as of 2025. To achieve its 5% goal, BitMine must acquire an additional 93,224 ETH, a challenge that hinges on market conditions and execution strategy [1].

The firm’s capital influx has been driven by a $250 million private placement in early July, enabling rapid asset allocation to Ethereum. BitMine’s shares have surged 9.3% to $43.20, reflecting investor confidence in the new strategy. Chairman Tom Lee emphasized that the shift underscores a broader trend of corporations adopting digital asset treasuries, with competitors like SharpLink and The Ether Machine also expanding their ETH reserves. SharpLink recently added $1.3 billion in ETH to its balance sheet, contributing to Ethereum’s recent price rebound. Analysts attribute this trend to Ethereum’s transition to proof-of-stake consensus, which reduces circulating supply and enhances staking rewards, making it attractive for institutional players [1].

Ethereum’s price has risen 3.7% in 24 hours and 31% over two weeks, trading at $3,733. While this represents a recovery from a $1,000 decline from its 2021 all-time high of $4,891, the increased corporate demand has tightened supply, potentially amplifying long-term price appreciation. BitMine’s staking initiative, which locks ETH to secure the network, aligns with Ethereum’s supply-constraining mechanisms. However, achieving a 5% stake could raise questions about market liquidity, as large-scale ETH purchases or sales might influence price dynamics.

BitMine’s strategy signals maturation in the crypto market, where publicly traded firms are integrating digital assets into treasury management. This approach not only diversifies corporate revenue streams but also emphasizes Ethereum’s role in governance and yield generation. For investors, the move highlights the importance of monitoring institutional participation in crypto markets, as corporate accumulation can serve as a barometer for broader market sentiment. While regulatory risks remain, BitMine’s execution timeline—aligned with anticipated Ethereum upgrades in mid-2025—positions it to capitalize on network improvements and growing institutional interest [2].

Source: [1] [BitMine’s Ethereum Holdings Reach 566,776 ETH as Company Pursues 5% of Total Supply July 24, 2025](https://en.coinotag.com/bitmines-ethereum-holdings-reach-566776-eth-as-company-pursues-5-of-total-supply/) [2] [MLQ.ai News](https://mlq.ai/news/)