Ethereum News Today: Major Firms Raise Billions to Buy Ether Amid Institutional Confidence Surge

The corporate Ethereum treasury race has intensified, with major firms raising billions of dollars to acquire Ether (ETH), the world’s second-largest cryptocurrency. BitMine Immersion Technology, a public Bitcoin mining firm, is seeking to raise $24.5 billion via an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares, with the proceeds intended largely for ETH acquisitions. The two companies are the largest corporate holders of Ether, with BitMine holding 1.2 billion ETH valued at $5 billion and SharpLink holding 598,000 ETH worth $2.64 billion [1].

The surge in capital raises has coincided with a broader accumulation of Ether by large holders, or "whales," who are believed to be building their positions ahead of this week’s key U.S. inflation data releases. Notably, a new entity added $1.3 billion in Ether across 10 new wallets, outpacing the $1 billion Ether acquisition by ETFs on Monday [1]. This trend reflects growing institutional confidence in Ethereum as a strategic reserve asset, particularly as macroeconomic uncertainties persist.

At the same time, the U.S. federal debt has reached an all-time high of $37 trillion, a month after President Donald Trump signed the One Big Beautiful Bill Act into law on July 4. Analysts suggest that the rising deficits may eventually lead to looser monetary policies, including quantitative easing, which could inject liquidity into financial markets and potentially drive Bitcoin’s price higher. According to some analysts, Bitcoin could reach $132,000 by the end of 2025 as a result of its correlation with the expanding M2 money supply [1].

The recent market dynamics have also sparked renewed discussions about Bitcoin’s potential to surpass major global assets. On Thursday, Bitcoin briefly exceeded a price of $124,000, surpassing Google’s market capitalization and becoming the fifth-largest asset globally. Bitcoin advocate Samson Mow has suggested that the cryptocurrency is at a critical juncture, with two possible paths ahead: either it could continue its “Godzilla” surge, outperforming all other assets, or it may pause to make way for an "altcoin mania" phase, before resuming its upward trajectory [1].

In the broader regulatory landscape, the U.S. Securities and Exchange Commission (SEC) is shifting focus toward developing a clearer regulatory framework for cryptocurrency following the resolution of its long-standing case against Ripple Labs. SEC Chair Paul Atkins emphasized that the agency should now concentrate on fostering innovation while protecting investors [1]. The conclusion of the Ripple case marks a significant development for the industry, as it removes one of the most contentious legal uncertainties surrounding digital assets.

As corporate treasuries continue to accumulate Ethereum and the broader macroeconomic environment evolves, the crypto market appears to be entering a new phase of institutional adoption and strategic positioning. The outcomes of these developments will likely shape not only the future of Ethereum but also the broader digital asset ecosystem.

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[1] https://coinmarketcap.com/community/articles/689f76bcd3fffe3dd57d95d5/