Ethereum News Today: Bitmine to Raise $20 Billion for Massive Ethereum Purchases as Price Surpasses $4,400

Bitmine, a major player in the Ethereum ecosystem, has announced plans to raise up to $20 billion in equity to fund large-scale Ethereum (ETH) acquisitions, signaling a significant escalation in its crypto strategy [1]. This move, which marks a fivefold increase in its issuance capacity, reflects the company’s strong conviction in ETH’s long-term potential and aligns with broader institutional confidence in the asset [2]. The firm has already added $2 billion in ETH to its balance sheet, bringing its total holdings to $4.96 billion [3].

The timing of Bitmine’s expansion coincides with Ethereum’s recent price rally, which has pushed the token above $4,400, setting a new benchmark [1]. Over the past month, Ethereum-focused ETFs have attracted over $1 billion in inflows, further underscoring growing interest from institutional investors [4]. By leveraging equity issuance to finance additional ETH purchases, Bitmine is taking a bold approach that could influence market dynamics, potentially stabilizing Ethereum’s price by increasing demand and reducing circulating supply [1].

Nonetheless, the strategy carries risks. Following the announcement, Bitmine’s stock dropped by 6%, indicating some level of investor caution or uncertainty about the scale of the capital raise [3]. Some reports have suggested that the firm may aim to raise as much as $24.5 billion, highlighting the evolving nature of its plans and the need for continued regulatory clarity [5].

Bitmine’s aggressive acquisition strategy highlights a broader trend in the institutional crypto space, where major players are increasingly treating digital assets like traditional treasuries. If executed effectively, this approach could have a material impact on Ethereum’s price action, particularly as the token approaches key resistance levels. The market is closely watching to see whether this large-scale accumulation can generate enough buying pressure to push ETH toward a new all-time high [5].

[1] https://thecryptobasic.com/2025/08/12/ethereum-breaks-4400-as-bitmine-expands-20b-offering-to-aggressively-acquire-eth/

[2] https://zycrypto.com/largest-ethereum-treasury-firm-bitmine-immersion-plans-20-billion-stock-raise-to-fund-massive-eth-buying-spree/

[3] https://www.mitrade.com/insights/news/live-news/article-3-1033438-20250813

[4] https://coincentral.com/ethereum-eth-price-prediction-institutions-pour-1-billion-into-etfs-as-token-eyes-all-time-highs/

[5] https://www.coingabbar.com/en/crypto-currency-news/bitmine-plans-massive-245b-stock-sale-as-ethereum-nears-4500?srsltid=AfmBOoqVCilFdl70b9TN7a0fCa6Bxg0BPiH7x_gys4JG82DyZveHM-rT