11 Aug 2025, 16:14

BitMine becomes first ETH treasury company to cross the 1M ETH milestone

BitMine (BMNR) is the first treasury company to cross the 1M milestone for its ETH treasury. BitMine has been buying aggressively, outcompeting SharpLink Gaming. BitMine (BMNR) now holds 1.2M ETH, based on reports of all existing treasuries . BMNR retains its primacy in both the size of recent purchases and absolute holdings. The treasury expansion is part of the company’s plan to acquire 5% of the entire ETH supply. BitMine made its biggest purchase to date, with 1.15M to 1.20M in ETH holdings, depending on reporting methods. | Source: Strategic ETH Reserve ETH treasuries picked up relatively recently, as the pace of buying accelerated beyond the daily ETF activity. There is currently no specific standard for building the treasuries, and some entities have started using their old ICO reserves as a second chance for success. Following the latest purchase, BMNR shares rallied to a one-month high of $64.35. BMNR is now the 25th most liquid US-based share, with $2.2B in daily volumes, BitMine focuses on large-scale, fast ETH purchases BitMine Immersion Technologies generally completes big purchases, with the latest addition of over 317K ETH being the largest so far. In 2025, BitMine completed around 20% of its goal of owning 5% of the ETH supply outright, as a single entity. BitMine has been buying up ETH at a much higher speed compared to Michael Saylor’s Strategy. The company’s founder, Tom Lee , retains significant influence over the crypto space, with his latest role linked to the performance of ETH and its acceptance as a treasury asset. Previously, ETH treasuries were seen as a liability, with many early buyers divesting fully, even at lower market prices. Even large-scale holders like Grayscale sold at much lower prices, based on low demand from their ETP. Now, ETH is becoming a rare commodity mostly for its role in generating passive income. For that reason, BitMine aims for a significant share, capable of generating predictable fees and returns from DeFi, staking, or liquid staking. SharpLink Gaming adds a smaller ETH purchase SharpLink Gaming is also not lagging with its treasury-building activities, but remains dedicated to regular ETH purchases. SharpLink also retains $600M in cash and has more leeway for its ATM purchase program compared to BitMine. The latest addition was for a total of 79.6K ETH, valued at over $320M. Both of the leading treasury builders did not stop buying even as ETH hit new local highs above $4,300. Treasuries expanded even as earlier anonymous whales divested their ETH holdings or traded actively to lock in gains. The recent growth of ETH treasuries coincided with more selling from early ICO wallets. One of the whales prepared 10K ETH for sale through an intermediary address. Some of the early ETH holders may be using the building of treasuries to find liquidity for their ETH. Following the latest additions of ETH, SBET market prices also staged a recovery. The stock rose from recent lows of $17.18 at the beginning of August to $27.24 . SBET is also closely watched for its earnings report coming on August 13, which will reveal the initial success of the ETH treasury decision. ETH and alternative treasuries for SOL, BNB, LTC, and even meme tokens like BONK have accelerated in the past few weeks. An ongoing crypto rally may boost interest in treasury stocks and allow for more active fundraising and stock sales. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

11 Aug 2025, 16:13

XRP Approaches Key Resistance at $3.33, Potentially Paving the Way for a Bullish Surge Toward $4.39 and $5.85

XRP is nearing a critical breakout as it holds key support at $3.33, which could trigger a bullish push towards $4.39 and $5.85. XRP bounced from strong support and may

11 Aug 2025, 16:10

Stablecoin issuer Paxos files application for national bank charter

More on Crypto Bitcoin: The Next Few Months Could Be Epic Bitcoin: Price Stays Flat Midweek As Speculative Appetite Cools (Technical Analysis) VanEck Crypto Monthly Recap For July 2025 Bitcoin price nears another record, helped by treasuries, executive order Ether briefly tops $4,300 for the first time in over 3 years

11 Aug 2025, 16:10

Ethereum Strategy: SharpLink’s Monumental $900M Raise Signals Unwavering Confidence

BitcoinWorld Ethereum Strategy: SharpLink’s Monumental $900M Raise Signals Unwavering Confidence The cryptocurrency world often buzzes with news of innovative projects and significant funding rounds. Recently, Nasdaq-listed SharpLink Gaming made waves, announcing an impressive capital raise of approximately $900 million. This monumental achievement, shared via their X platform, immediately drew attention, not just for its sheer size, but for the clear message it sends about their Ethereum strategy . This substantial influx of funds underscores growing market confidence in blockchain technology and specifically in the long-term ETH potential . What Does SharpLink Gaming’s Massive Raise Mean for Ethereum? SharpLink Gaming’s recent announcement is a powerful indicator of how traditional finance is increasingly looking towards the digital asset space. Raising nearly a billion dollars in a single week is no small feat. It signals a strong belief among investors in the company’s direction and, crucially, in its dedicated Ethereum strategy . Validation of Vision: The funding validates SharpLink’s decision to focus on the Ethereum ecosystem. Capital for Growth: This capital infusion provides SharpLink with significant resources to expand its operations, innovate within the blockchain space, and potentially acquire new technologies or talent. Precedent Setting: Such a large crypto investment from a Nasdaq-listed entity can inspire other traditional companies to explore blockchain integration. This development suggests that major players see tangible value and future growth opportunities within the Ethereum network. Why is an Ethereum Strategy Attracting Such Significant Crypto Investment? Ethereum, the second-largest cryptocurrency by market capitalization, continues to be a cornerstone of the decentralized web. Its robust network supports thousands of decentralized applications (dApps), NFTs, and various DeFi protocols. Companies like SharpLink Gaming are recognizing the inherent advantages of building on or leveraging Ethereum. The network offers: Decentralization: A key aspect that fosters transparency and reduces single points of failure. Smart Contract Functionality: Automated, self-executing contracts that enable complex transactions without intermediaries. Developer Ecosystem: A vast and active community of developers continuously improving the network and building new solutions. Scalability Improvements: Ongoing upgrades, such as the transition to Ethereum 2.0 (now known as the Consensus Layer), promise enhanced scalability and efficiency, addressing previous concerns. Therefore, adopting an Ethereum strategy is not merely a trend; it is a strategic move to tap into a rapidly evolving and powerful technological infrastructure. This approach demonstrates forward-thinking and a commitment to future-proofing business models in a digital-first world. How Does This Reflect Broader Market Confidence in ETH Potential? The substantial funding secured by SharpLink Gaming serves as a clear barometer of surging market confidence in Ethereum’s long-term viability and growth. When institutional investors commit such significant capital, it reflects a deep dive into the underlying technology and its future prospects. This confidence stems from several factors: Institutional Adoption: More large corporations are exploring or implementing blockchain solutions, often choosing Ethereum as their preferred platform. Regulatory Clarity: While still evolving, increasing clarity around crypto regulations provides a more stable environment for large-scale investments. Technological Advancement: Continuous upgrades and developments within the Ethereum ecosystem reinforce its position as a leading blockchain. Ultimately, SharpLink Gaming’s successful raise, rooted in its Ethereum strategy , signals a broader recognition that ETH is not just a speculative asset but a foundational technology with immense, untapped ETH potential for real-world applications and value creation. This is a significant moment for the crypto landscape, highlighting the increasing maturity and acceptance of digital assets within mainstream finance. SharpLink Gaming’s impressive $900 million raise is a testament to the growing belief in Ethereum’s power and future. This substantial crypto investment underscores not only the company’s strategic foresight but also the increasing institutional validation of the blockchain space. As more entities embrace an Ethereum strategy , we can expect continued innovation and expansion within the decentralized ecosystem, reinforcing the long-term ETH potential and strengthening overall market confidence . Frequently Asked Questions (FAQs) Q1: What is SharpLink Gaming? SharpLink Gaming is a Nasdaq-listed company that operates in the sports betting and iGaming sectors. Their recent capital raise highlights their increasing focus on integrating blockchain technology, specifically Ethereum, into their operations. Q2: Why is SharpLink Gaming focusing on an Ethereum strategy? SharpLink Gaming’s focus on an Ethereum strategy is likely driven by the network’s robust smart contract capabilities, decentralization, and large developer ecosystem. These features can enable innovative applications in gaming, secure transactions, and enhanced user experiences. Q3: How does this funding impact the broader crypto market? This significant funding, particularly from a Nasdaq-listed company, demonstrates growing institutional market confidence in blockchain and cryptocurrencies. It can encourage other traditional businesses to explore or increase their crypto investment in the digital asset space, validating the long-term ETH potential . Q4: What is the significance of $900 million in funding? Raising $900 million in a week is a substantial achievement, reflecting strong investor belief in SharpLink Gaming’s business model and its strategic direction, especially concerning its blockchain initiatives. It provides considerable capital for growth and innovation. Q5: Is Ethereum a good investment for the long term? While this article discusses market confidence in Ethereum’s potential, investing in any cryptocurrency carries risks. Ethereum’s long-term outlook is often viewed positively by many due to its foundational role in the decentralized web, ongoing technological upgrades, and widespread adoption by developers and businesses. Share the Insight! Was this article helpful in understanding SharpLink Gaming’s big move and its implications for Ethereum? Share it with your friends, colleagues, and fellow crypto enthusiasts on social media to spread awareness about this significant development! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption . This post Ethereum Strategy: SharpLink’s Monumental $900M Raise Signals Unwavering Confidence first appeared on BitcoinWorld and is written by Editorial Team

11 Aug 2025, 16:09

Trump Media and Strategy Explore Bitcoin Investments Amid Market Surge and ETF Developments

Trump Media and Strategy are ramping up their Bitcoin investments as prices surge, with the Truth Social Bitcoin ETF filing aiming to attract significant capital. Strategy and Trump Media are

11 Aug 2025, 16:08

BitMine Acquires 1% of Ethereum’s Supply, Aiming for 5% Ownership Amidst Rising Market Value

BitMine now owns 1% of Ethereum’s circulating supply, valued at nearly $5 billion, following a significant increase in its holdings. BitMine’s Ethereum holdings increased by 317,000 ETH in just one