BitMine Increases Its Ethereum Holdings

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH+1.128%

BANK-1.768%

Source: Coinmarketcap

Updated: Aug 18 2025

BitMine's Ethereum Acquisition: BitMine Immersion Technologies has expanded its Ethereum treasury to 1.5 million ETH, valued at $6.6 billion, making it the largest corporate holder of Ethereum.
Market Impact: The acquisition coincided with a decline in Ethereum's market price by 4–7%, which also affected BitMine's stock performance and led to selling pressure on other cryptocurrency companies.
Strategic Financial Moves: BitMine plans to issue $20 billion in new stock to support further accumulation of crypto assets, highlighting a shift in corporate reserve strategies towards Ethereum rather than Bitcoin.
Broader Implications for Ethereum: This trend of institutional investment in Ethereum may enhance staking, liquidity, and confidence in decentralized finance activities, potentially leading to long-term growth in the ecosystem despite short-term price fluctuations.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

BitMine Increases Its Ethereum Holdings

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Avnet Reports Q2 2026 Earnings Exceeding Expectations

U.S. Super Bowl Betting Volume Forecasted at $1.75B

People Also Watch