Ethereum News Today: BitMine Surpasses 1.15 Million ETH Treasury Valued at $5 Billion

BitMine Immersion Technologies has set a new precedent in the cryptocurrency market by surpassing 1 million Ethereum (ETH) in its corporate treasury holdings, reaching a total of 1.15 million ETH as of August 11, 2025. The firm’s ETH holdings are now valued at over $5 billion, making it the first publicly traded company to achieve such a milestone in the Ethereum space [4]. This aggressive accumulation strategy, which includes a purchase of 317,000 ETH in a single week, is part of a broader initiative to acquire up to 5% of all available ETH [3].

The company has secured a $24.5 billion at-the-market equity offering to fund continued ETH accumulation and support its mining operations. This expansion mirrors the approach taken by MicroStrategy with Bitcoin, but with a distinct focus on Ethereum’s growing utility and adoption [3]. The strategic move has already begun to reshape market dynamics, with Ethereum prices reaching $4,300 for the first time since late 2021 on the same day BitMine announced its latest acquisition [6]. This surge coincided with a $1.01 billion inflow into spot ETH ETFs and a $1.3 billion whale purchase, indicating strong institutional and retail demand.

BitMine’s chairman, Tom Lee, has been a vocal advocate for Ethereum’s long-term potential, forecasting that ETH could reach between $7,000 and $15,000 by year-end [4]. His bullish outlook is supported by favorable regulatory developments and the growing institutional adoption of Ethereum as a strategic corporate asset. Lee has also suggested that Ethereum may one day surpass Bitcoin in value, a bold claim that reflects the confidence of top executives in the platform’s future [3].

The impact of BitMine’s actions is being closely observed by analysts and investors. Standard Chartered analysts have noted that if current trends continue, institutional buyers could control up to 10% of the total Ethereum supply, potentially reducing exchange liquidity and increasing price volatility [3]. The firm’s acquisition strategy is also attracting backing from major crypto funds, including Cathie Wood’s ARK, further signaling Ethereum’s growing role in institutional portfolios [4].

As corporate treasuries increasingly adopt Ethereum, the market is witnessing a shift in power from retail to institutional players. BitMine’s continued accumulation is not only boosting its liquidity and reserves but also reinforcing Ethereum’s position as a key digital asset in corporate finance. The company’s actions underscore a broader transformation in how institutions are beginning to manage and view crypto assets, with Ethereum emerging as a central component of Web3-era corporate treasury strategies.

Source:

[1] title1, (https://www.bankless.com/bitmine-adds-317-000-eth-takes-its-treasury-near-5-b)

[2] title2, (https://www.tradingview.com/news/cryptonews:89ba77901094b:0-eth-nears-4-500-as-its-biggest-whale-bitmine-unleashes-20b-war-chest-to-buy-more-ethereum/)

[3] title3, (https://thecryptobasic.com/2025/08/12/ethereum-breaks-4400-as-bitmine-expands-20b-offering-to-aggressively-acquire-eth/)

[4] title4, (https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-1-15-million-tokens-9ce524je22kn.html)

[5] title5, (https://rollingout.com/2025/08/11/bitmine-makes-crypto-history-1m-eth/)

[6] title6, (https://coinlaw.io/ethereum-etf-whale-buy-august/)

[7] title7, (https://tr.okx.com/en/learn/eth-treasury-milestone-bitmine-ethereum-holdings)