Ethereum News Today: BitMine Vaults to $8.8 Billion ETH Treasury as Wall Street Bets on Blockchain's New Gold

BitMine Immersion Technologies has solidified its position as the largest Ethereum (ETH) treasury in the world, with combined crypto and cash holdings reaching $8.8 billion as of August 24, 2025. The company's Ethereum holdings now total 1.71 million tokens, valued at $4,808 each, while also holding 192 Bitcoin (BTC) and $562 million in unencumbered cash [1]. This marks a significant increase from the $6.6 billion in crypto and cash holdings reported the previous week, reflecting a $2.2 billion weekly growth driven largely by institutional investor support [1].

The rise in Ethereum’s price has been a key factor in this growth. ETH briefly touched an all-time high of $4,948 on August 24, surpassing its previous peak set in November 2021. Analysts have noted that Ethereum’s momentum has outpaced Bitcoin’s, with some observers highlighting a weakening rally in BTC near recent highs, while ETH continues to break into new price territory. This shift in relative strength has drawn increased investor interest to Ethereum-focused assets, including BitMine’s stock [4].

BitMine’s stock has also seen heightened trading activity, with an average daily trading volume of $2.8 billion as of August 24, placing it 20th in the United States in terms of trading volume. This surpasses companies like JPMorgan and Palo Alto Networks and trails only Coinbase [6]. The high liquidity has enabled the firm to raise capital rapidly, contributing to its accelerated ETH accumulation strategy. The company has now acquired over 190,500 ETH in the past week alone, reinforcing its position as a major player in the Ethereum ecosystem [2].

BitMine’s Ethereum treasury strategy, launched on June 30, has been a central focus for the company. In just six weeks, the firm has achieved several key milestones, including passing 1.7 million ETH in total holdings. The company has emphasized Ethereum’s potential as a long-term macroeconomic trade, particularly as Wall Street and artificial intelligence infrastructure increasingly adopt blockchain technology. This development, the firm argues, could drive a transformation of the global financial system, with Ethereum serving as a foundational layer [1].

The broader crypto market has also contributed to the firm’s success. U.S. spot Ethereum ETFs have seen significant inflows, with over $1 billion added in a single day. These funds have outperformed Bitcoin ETFs in recent weeks, shifting the balance of institutional interest toward Ethereum. Additionally, regulatory clarity on staking services and the passage of the GENIUS Act have further bolstered Ethereum’s prospects. The latter legislation, which established a U.S. regulatory framework for stablecoins, has been particularly beneficial, as most stablecoins operate on the Ethereum blockchain [5].

BitMine remains supported by a strong group of institutional investors, including ARK’s Cathie Wood, Founders Fund, and Pantera Capital. These backers align with the company’s vision of acquiring 5% of the total ETH supply over time. Chairman Thomas Lee has emphasized the importance of continued institutional demand and the firm’s ability to raise capital at a rapid pace. This has allowed BitMine to scale its ETH treasury strategy efficiently and maintain a high level of liquidity in its stock [1].

The company has also highlighted the broader implications of regulatory and market shifts. The SEC’s Project Crypto and the GENIUS Act have been described as transformational for financial services in 2025, comparable in significance to the 1971 U.S. decision to end the Bretton Woods system and decouple the dollar from gold. These changes are expected to drive further innovation and adoption in the financial sector, with Ethereum positioned as a key infrastructure layer [1].

Source: [1] BitMine Immersion Technologies, Inc. (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-reigns-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-and-the-20th-most-liquid-us-stock-trading-2-8-billion-per-day-on-average-302537388.html) [2] CoinDesk (https://www.coindesk.com/business/2025/08/25/bitmine-s-eth-holdings-top-1-7m-tokens-with-usd562m-of-buying-power-remaining) [3] Yahoo Finance (https://finance.yahoo.com/news/bitmine-bmnr-jumps-12-eth-151209656.html) [4] CoinDesk (https://www.coindesk.com/markets/2025/08/24/as-eth-breaks-above-usd4-900-analyst-sums-up-crypto-market-btc-is-exhausted-eth-isn-t) [5] Yahoo Finance (https://finance.yahoo.com/news/ethereum-jumps-record-price-move-184709473.html) [6] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/08/47310872/strategy-metaplanet-bitmine-continue-btc-eth-purchases-heres-how-much-they-bought) [7] CryptoSlate (https://cryptoslate.com/bitmine-ranks-in-top-20-us-stocks-with-1000-surge-in-ethereum-era/)