Ethereum News Today: BitMine Surpasses 2.069M ETH, Claims Global Ethereum Treasury Crown

Institutional Ethereum holdings have surpassed 4.91 million ETH, representing 4.06% of the total Ethereum supply, according to recent data from corporate disclosures and market analyses. This accumulation is primarily driven by major public companies that are integrating Ethereum (ETH) into their balance sheet strategies, with several now positioning themselves as leading institutional holders. Among these, BitMine Immersion (NYSE: BMNR) stands out as the largest corporate ETH holder, with holdings exceeding 2.069 million ETH, valued at approximately $8.92 billion as of September 2025 [2]. This positions BitMine as the 1 Ethereum treasury globally and the second-largest crypto treasury, trailing only behind Strategy Inc’s Bitcoin holdings [3].

The growing institutional interest in Ethereum is evident in the broader market landscape, where corporate treasuries are not only accumulating ETH but also staking and restaking to generate on-chain yield. Companies like SharpLink Gaming (NASDAQ: SBET), Coinbase (NASDAQ: COIN), and ETHZilla (NASDAQ: ETHZ) have all disclosed significant ETH holdings and staking activities. For example, SharpLink Gaming added 143,593 ETH in a single week, bringing its total holdings to 740,760 ETH [2]. Such aggressive accumulation, combined with staking mechanisms, reduces the circulating supply of ETH and exerts upward pressure on its price. This trend aligns with Ethereum’s deflationary tokenomics post-implementation of Ethereum Improvement Proposal 1559, which has already reduced the annual supply of new ETH by over 90% [6].

Ethereum’s institutional adoption is further reinforced by its dominance in tokenized assets. The stablecoin supply on Ethereum recently hit an all-time high of $165 billion, representing 57% of the global stablecoin market [7]. This surge is driven by both retail and institutional demand for dollar-backed tokens, with Ethereum’s robust infrastructure and large user base making it a preferred platform for stablecoin issuance. Additionally, Ethereum is expanding its role in tokenized real-world assets (RWAs), including tokenized gold and government debt. For instance, Ethereum holds over 70% of tokenized U.S. Treasury products, with Fidelity’s tokenized Treasury fund alone attracting over $200 million in assets [7]. These developments highlight Ethereum’s growing relevance in traditional finance and its potential to serve as a bridge between blockchain and conventional financial markets.

Despite recent ETF outflows totaling $787.6 million over four days, institutional Ethereum holdings remain strong. The exodus primarily affected Ethereum spot ETFs such as Grayscale’s ETHE and Fidelity’s FETH, with BlackRock’s ETHA also experiencing significant outflows [1]. Analysts have attributed these outflows to profit-taking and macroeconomic concerns, particularly around soft labor data and recession fears. However, these outflows contrast with aggressive accumulation by corporate treasuries, which continue to build long-term positions in ETH. Whale behavior also supports this trend, as large holders increased their ETH holdings by 14% over five months, according to Santiment data [1].

Ethereum’s price, currently trading at around $4,304, reflects a broader market sentiment that balances immediate volatility with strong fundamentals. Despite short-term pressure, Ethereum’s network health, staking growth, and DeFi activity remain robust. Technical indicators also suggest a potential upside, with the Supertrend indicator flipping bullish and on-chain metrics like the Exchange Flux Balance turning negative—signaling reduced liquidity and a potential price rally [6]. Furthermore, Ethereum’s growing institutional adoption and its role in tokenized assets position it as a critical asset in the evolving digital economy.

The trend of corporate ETH accumulation is reshaping the Ethereum market by influencing validator sets, liquidity, and supply dynamics. Large institutional holders, such as BitMine, can impact the network by operating validators and staking their reserves, contributing to Ethereum’s security and decentralization. This trend is also supported by regulatory developments, including the proposed GENIUS Act and the SEC’s Project Crypto, which are seen as transformative for digital assets. As institutional participation deepens, Ethereum’s role in financial infrastructure is likely to expand, reinforcing its position as a leading platform for innovation and adoption in the blockchain ecosystem.

Source:

[1] Ethereum ETFs Shed $788M Over Four Days in Institutional (https://finance.yahoo.com/news/ethereum-etfs-shed-788m-over-113308429.html)

[2] 7 Largest Ether Treasury Companies Right Now Ranked by (https://cointelegraph.com/news/7-largest-ether-treasury-companies-by-holdings)

[3] BitMine Immersion (BMNR) ETH Holdings Exceed 2.069 Million (https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-2-069-million-reigning-5wx75s5jlm9g.html)

[4] BitMine Immersion (BMNR) ETH Holdings Exceed 2.069 Million (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-2-069-million-reigning-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-302548699.html)

[5] BitMine Widens Ethereum Treasury Lead as ETH Stash Hits (https://finance.yahoo.com/news/bitmine-widens-ethereum-treasury-lead-144750614.html)

[6] Ethereum Price Forecast: Record Volumes Push ETH-USD (https://www.tradingnews.com/news/ethereum-price-forecast-eth-usd-faces-5500-usd)

[7] Ethereum's Tokenized Assets Market Surges as Stablecoin (https://www.mitrade.com/au/insights/news/live-news/article-3-1105031-20250908)