Ethereum News Today: BitMine Surpasses 1.3 Million ETH Valued at $5.75 Billion

BitMine has emerged as a leading player in the corporate Ethereum (ETH) acquisition race, surpassing the 1 million ETH threshold. As of August 16, 2025, the firm holds 1.3 million ETH, valued at over $5.75 billion, according to recent disclosures [3]. This rapid accumulation, which began on June 30, has positioned BitMine ahead of other major firms such as SharpLink Gaming, which holds 728,804 ETH [3]. The company’s aggressive strategy has included large-scale purchases, such as a $470 million acquisition of 106,485 ETH in a 10-hour window and a $130 million off-the-record (OTC) purchase in early August, bringing its holdings to 1.174 million ETH valued at $5.23 billion [6][7].

BitMine’s expansion has been supported by a $20 billion at-the-market equity program, signaling its intent to maintain and potentially widen its lead in the corporate Ethereum treasury race. The company added 317,126 ETH—worth approximately $2 billion—in a single week during its accumulation period [3]. Tom Lee, Chairman of BitMine, has played a central role in the strategy, emphasizing the firm’s focus on increasing crypto net asset value (NAV) per share while maintaining high stock liquidity [3].

The rapid buildup of BitMine’s Ethereum reserves has had an immediate impact on its stock price. The company’s BMNR ticker surged nearly 25% following the announcement, reflecting strong market confidence in its approach [3]. However, analysts have raised concerns that such rapid accumulation by a single entity could affect Ethereum’s price dynamics, staking yields, and network decentralization [3]. While corporate demand may enhance institutional confidence in Ethereum, it also raises questions about the long-term implications of concentrated ETH control on governance and market stability.

Currently, 71 Ethereum-focused treasury firms collectively hold 3.7 million ETH, valued at $16.3 billion—equivalent to 3.06% of the total supply [3]. These firms plan to allocate approximately $27 billion for further ETH acquisitions, potentially increasing corporate control of the token to as much as 10% of the circulating supply in the near future [3].

BitMine’s growing influence underscores the increasing institutional interest in Ethereum as a strategic asset. The firm’s actions reflect broader trends in how corporations are managing and valuing digital assets, marking a pivotal shift in the traditional financial landscape. As BitMine continues to expand its holdings, the market remains closely watching for further developments in the Ethereum treasury strategy and its implications for both crypto and equity markets.

Sources:

[1] Phemex

https://phemex.com/news/article/bitmine-acquires-470m-in-ethereum-now-holds-1-of-supply_15194

[2] Cointelegraph

https://cointelegraph.com/news/ether-accumulation-heats-up-882m-in-eth-snapped-up-by-bitmine-whale

[3] CryptoDnes.bg

https://cryptodnes.bg/en/bitmine-becomes-first-corporate-treasury-to-surpass-1-million-ethereum/

[4] MSN

https://www.msn.com/en-us/money/topstocks/bitmine-immersion-eth-holdings-exceed-115-million-tokens-shares-rise/ar-AA1Kj3QK?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1

[5] TradingView

https://www.tradingview.com/news/cointelegraph:1663e8807094b:0-ether-accumulation-heats-up-882m-in-eth-snapped-up-by-bitmine-whale/

[6] CoinGape

https://coingape.com/tom-lees-bitmine-buys-130-million-eth-amid-ethereum-crash/

[7] AInvest

https://www.ainvest.com/news/ethereum-news-today-bitmine-boosts-ethereum-holdings-130-million-otc-market-volatility-2508/