Ethereum News Today: Ethereum Treasuries Locking Supply, Reshaping Market Dynamics

BitMine Immersion Technologies, a publicly traded firm with a digital asset treasury strategy focused on Ethereum, disclosed that its Ethereum holdings have exceeded 1.52 million ETH, valued at $4,326 per token, totaling $6.61 billion. This positions BitMine as the largest Ethereum treasury and the second-largest crypto treasury globally, trailing only Strategy Inc. (NASDAQ: MSTR), which holds $74 billion in Bitcoin (BTC) [1]. The firm’s Ethereum acquisition strategy, launched on June 30, has accelerated significantly, with the latest purchases adding more than 373,000 ETH and boosting the total holdings by $1.7 billion in just one week [3]. This rapid accumulation has brought BitMine closer to its long-term goal of owning 5% of the total ETH supply [1].

BitMine’s strategy has attracted support from major institutional investors, including ARK Invest’s Cathie Wood, Founders Fund, Pantera, Galaxy Digital, Kraken, Digital Currency Group, and Bill Miller III. Tom Lee, Chairman of BitMine and Managing Partner at Fundstrat, has described Ethereum’s role in blockchain finance and AI integration as pivotal to long-term global market transformation [1]. Lee has also drawn parallels between the current regulatory developments, such as the GENIUS Act and the SEC’s “Project Crypto,” and the U.S. ending the gold standard in 1971 [1]. These regulatory shifts are seen as catalysts for institutional adoption and could reshape the financial landscape over the next decade.

In parallel, SharpLink Gaming, another Ethereum-focused treasury firm and led by Ethereum co-founder Joe Lubin, disclosed that it has purchased 143,593 ETH last week, raising its total holdings to over 740,760 ETH, valued at $3.18 billion [7]. The company raised $537 million in net proceeds, including $390 million through a registered direct offering and $146.5 million through its at-the-market issuance program [7]. SharpLink’s average purchase price for last week was $4,648, approximately 8% higher than the current ETH price, which has dipped below $4,300 due to recent market volatility [7]. Despite this, SharpLink remains committed to its objective of acquiring 1% of the total circulating ETH supply, with over $84 million in cash available for future purchases [7].

The growing institutional demand for Ethereum has also been reflected in recent large-scale purchases by BitMine and an unidentified whale, who together acquired nearly $882 million in ETH over the past week through over-the-counter (OTC) desks and direct transfers from institutional intermediaries such as Galaxy Digital, FalconX, and BitGo [4]. BitMine’s acquisition of 106,485 ETH brought its total holdings to approximately 1,297,093 ETH, valued at around $5.75 billion [4]. Meanwhile, the unidentified whale amassed 92,899 ETH, valued at $412 million, over four days, indicating a strategic and long-term accumulation approach [4]. These purchases have contributed to a broader trend of institutional-grade interest in Ethereum, with combined holdings of treasuries and ETFs now exceeding 8% of the total ETH supply [3].

The surge in Ethereum treasury activity has coincided with a significant increase in institutional inflows into Ethereum ETFs, with over 649,000 ETH in net inflows recorded last week, marking the highest weekly volume on record [6]. Analysts and market observers highlight that this sustained institutional demand supports a long-term bullish outlook for Ethereum, with some forecasting a potential price rally to $8,000 as dips toward $3,000 to $3,500 could set up for a powerful rebound [6]. The market has also seen a shift in investor sentiment, with Ethereum ETFs outperforming Bitcoin ETFs in July, as noted by Bloomberg ETF analyst Eric Balchunas [6]. Meanwhile, Standard Chartered has raised its 2025 Ethereum price target to $7,500 from $4,000, citing faster stablecoin adoption and regulatory developments in the U.S. [4].

Despite the positive momentum, Ethereum’s price has faced recent downward pressure, with ETH trading at $4,124 and down 5.9% in the past 24 hours [8]. This decline has been attributed to broader macroeconomic concerns, including U.S. inflation and geopolitical tensions. However, proponents of Ethereum, including BitMine’s Tom Lee and Ethereum co-founder Joe Lubin, argue that corporate treasuries accumulating ETH can act as a stabilizing force for the market by locking away supply and creating a more predictable demand curve [5]. This structural shift could help Ethereum overcome challenges from faster, cheaper alternatives like Solana and address the shortage of committed buyers, according to industry leaders and market analysts [5].

Source:

[1] BitMine's Crypto Holdings Surpass 1.52 Million ETH To Become Second-Biggest Crypto Treasury (https://finance.yahoo.com/news/bitmines-crypto-holdings-surpass-1-123858320.html)

[2] Ether Treasury News: Bitmine's (BMNR) ETH Holdings Top ... (https://www.coindesk.com/business/2025/08/18/bitmine-s-ether-holdings-top-usd6-6b-stock-slides-7-alongside-eth-s-tumble)

[3] BitMine Adds $1.7 Billion in Ethereum, Now Second Behind ... (https://finance.yahoo.com/news/bitmine-adds-1-7-billion-162302851.html)

[4] BitMine, Mystery Whale Snap Up $882M in Ether Amid ... (https://cointelegraph.com/news/ether-accumulation-heats-up-882m-in-eth-snapped-up-by-bitmine-whale)

[5] Ethereum's Big Backers Unleash Billions to Push Into Wall Street (https://finance.yahoo.com/news/ethereum-big-backers-unleash-billions-130704758.html)

[6] ETH charts predict $3.9K retest, then a 100% rally to new ... (https://cointelegraph.com/news/eth-charts-predict-dollar3-9k-retest-then-a-100percent-rally-to-new-highs)

[7] Ether Treasury News: SharpLink (SBET) ETH Holdings Top ... (https://www.coindesk.com/business/2025/08/19/sharplink-ether-holdings-top-usd3-1b-trailing-bitmine-in-pace-of-eth-acquisition)

[8] SharpLink Reveals $601 Million Ethereum Buy as ETH Rally ... (https://finance.yahoo.com/news/sharplink-reveals-601-million-ethereum-193053168.html)