BitMine Plans Multibillion-Dollar Stock Offering to Enhance Ethereum Assets - Information
In the ever-evolving world of cryptocurrency, institutional interest in Ethereum (ETH) has been on a steady rise, significantly impacting the digital asset's price and holdings.
Over the past month, Ethereum has surged nearly 50%, with a remarkable growth of over 70% since the start of the year. This bullish trend is largely attributed to the increasing institutional accumulation of ETH. Major players such as BlackRock, Goldman Sachs, Tesla, and Harvard University have been actively buying Ethereum, contributing to a surge in corporate Ethereum holdings. According to Binance Research, these holdings have surged nearly 128% [1].
This institutional accumulation has supported Ethereum’s price rally, pushing ETH close to or above previous all-time highs around $4,750. The growing inflows into Ethereum-based ETFs and increased adoption of Layer 2 solutions have further bolstered this momentum [3][4].
Despite some short-term fluctuations and ETF outflows, where some institutions sell ETH to invest in emerging projects like Remittix (RTX), the overall trend shows whales and Digital Asset Treasuries (DATs) accumulating ETH during price dips. This demonstrates a confidence in Ethereum’s long-term value [2].
The institutional interest in Ethereum has not gone unnoticed. BitMine Immersion Technologies, a prominent player in the crypto space, has recently announced an expansion of its at-the-market (ATM) equity sale to $24.5 billion. BitMine has been actively purchasing Ethereum, with reports suggesting they have bought 566,776 ETH between July 9th and 25th, worth approximately $2.03 billion [5].
BitMine will issue common stock at $0.0001 per share and will pay up to 3% in commissions on the gross proceeds from these transactions. Part of the proceeds from BitMine's equity sale will be used for Ethereum accumulation [5].
This institutional interest has broadly supported a rising crypto market cap, which crossed nearly $4 trillion in August 2025 [1]. Institutional demand in ETH reflects trust in Ethereum’s ecosystem growth, smart contract capabilities, emerging tokenized assets, and the digital future [4].
At press time, Ethereum's price is $4,679.14, reflecting a 9.64% jump in the past 24 hours. This puts Ethereum's price less than 9% shy of its November 2021 peak of just above $4,900 [6].
The strong institutional interest in Ethereum is a testament to its growing importance in the crypto ecosystem. As more institutions invest in Ethereum, we can expect to see continued price growth and increased adoption of this powerful digital asset.
References: 1. Binance Research 2. Cointelegraph 3. Decrypt 4. The Block 5. Bloomberg 6. CoinMarketCap
- Institutional players such as BlackRock, Goldman Sachs, Tesla, Harvard University, and BitMine have been actively buying Ethereum (ETH), contributing significantly to a surge in corporate Ethereum holdings.
- This institutional accumulation of Ethereum, along with increasing inflows into Ethereum-based ETFs and the adoption of Layer 2 solutions, has supported Ethereum’s price rally, pushing ETH close to previous all-time highs around $4,750.
- The growing demand for Ethereum from institutions reflects trust in Ethereum’s ecosystem growth, smart contract capabilities, emerging tokenized assets, and the digital future.
- The overall trend shows whales and Digital Asset Treasuries (DATs) accumulating Ethereum during price dips, demonstrating a confidence in Ethereum’s long-term value, even amid short-term fluctuations and ETF outflows.
