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18h ago

BitMine’s Ethereum Treasury Tops 1.15M ETH After $2 Billion Weekly Buy

Aggressive institutional buying has driven Ethereum to cycle highs.

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Tom lee's bitmine immersion aims to raise as much as $20b for more eth buys
Photo: Scott Mlyn | CNBC
BitMine expands equity offering to $24.5B for more Ethereum acquisitions

Overview

  • BitMine added roughly 317,000 ETH in the past week, boosting its treasury to 1.15 million tokens valued at nearly $5 billion.
  • The company has financed its purchases with equity raises, including at-the-market offerings and a $1 billion buyback, and plans to stake ETH for protocol-level yield.
  • SharpLink Gaming and other issuers have followed similar playbooks, pushing combined corporate ETH treasuries toward $14 billion.
  • BitMine’s shares surged over 20 percent in recent sessions and averaged $2.2 billion in daily trading volume, ranking it among the most liquid U.S. stocks.
  • Ethereum co-founder Vitalik Buterin and other commentators have cautioned that concentrated, leveraged corporate ETH positions could pose forced liquidation risks.