Ethereum News Today: Institutional Ethereum Holdings to Hit 10% Supply as Treasury Firms Expand Purchases

Ethereum-focused treasury firms are preparing to significantly expand their ETH holdings, with one firm alone projecting up to $27 billion in additional acquisition capacity. This development is highlighted by crypto commentator RiskOnBobby in a recent analysis, which indicates that the bulk of these funds will come from BitMine Immersion Technologies. The firm filed an amendment on August 12 to expand its at-the-market (ATM) equity program by $20 billion, bringing its total acquisition capacity to $24.5 billion [1].

Alongside BitMine’s expansion, Joseph Lubin-led SharpLink has announced a $900 million capital raise, also earmarked for Ethereum purchases [1]. These moves are part of a broader trend among institutional players seeking to increase their Ethereum exposure. According to data from Strategic ETH Reserve, 71 treasury firms currently hold 3.57 million ETH, valued at $16.68 billion, which accounts for roughly 2.95% of Ethereum’s total supply [1]. If the planned acquisitions are executed, treasury-owned ETH could climb to around 10% of the total supply, representing a significant shift in institutional market dynamics.

Tom Donleavy, Head of Venture at Varys Capital, estimates that the $27 billion in available funding could acquire nearly 6 million ETH at current market prices. This volume would represent about 5% of Ethereum’s total supply and roughly one-third of all ETH currently held on exchanges [1].

BitMine is already a major player in institutional Ethereum ownership, with 1.15 million ETH in its current holdings, valued at $4.9 billion [1]. Its rapid growth has been supported by a 330% monthly increase in ETH holdings, and it now controls 34% of institutional Ethereum reserves [1]. This aggressive expansion has also attracted notable investors, including billionaire Peter Thiel, who has taken a 7.5% stake in the firm [1].

The growing interest in Ethereum treasuries reflects both strategic and speculative motivations, with firms like ETHZilla exploring on-chain yield mechanisms and venture capital firm Pantera Capital allocating $300 million to support such entities [1]. As more companies commit to expanding their ETH holdings, the implications for Ethereum’s market dynamics—particularly in terms of institutional adoption and price stability—are likely to become more pronounced.

Sources:

[1] Ethereum News Today: Bitmine Becomes World's Largest ... (https://www.ainvest.com/news/ethereum-news-today-bitmine-world-largest-ethereum-treasury-4-9-billion-holdings-2508/)

[2] Ethereum Bet Deepens: Billionaire Peter Thiel Takes 7.5% ... (https://www.mitrade.com/insights/news/live-news/article-3-1035200-20250813)

[3] Why Pantera Capital Just Bet $300 Million on Crypto ... (https://coincentral.com/why-pantera-capital-just-bet-300-million-on-crypto-treasury-companies/)

[4] Ethereum Treasury Company Bitmine Immersion Plans to ... (https://www.reddit.com/r/CryptoCurrency/comments/1mobeh6/ethereum_treasury_company_bitmine_immersion_plans/)