12 Aug 2025, 17:43

Bitmine Immersion Seeks to Raise $24.5 Billion for ETH Acquisition Amid Growing Corporate Interest in Ethereum

Bitmine Immersion is raising $24.5 billion through common stock sales to purchase more ETH, aiming to become the largest Ethereum treasury. Bitmine Immersion’s stock sale target increased by $20 billion.

12 Aug 2025, 17:41

Tom Lee's Ethereum Treasury BitMine Ups ETH Raise by $20 Billion

Bitmine Immersion is now aiming to raise up to $24.5 billion from its common stock sales to buy more ETH.

12 Aug 2025, 17:22

ETHZilla Explores New Ethereum Treasury Strategy Amid Corporate Adoption Trends

ETHZilla, formerly 180 Life Sciences, is implementing a new Ethereum treasury strategy, allocating $238 million to enhance shareholder value through on-chain yield generation. ETHZilla’s rebranding reflects a growing trend of

12 Aug 2025, 15:52

Is This Company Behind the Ethereum Rally? The Giant Company Announces a New $20 Billion Move, ETH is Close to Breaking Its Previous ATH!

BitMine, the largest Ethereum (ETH) treasury company, has announced its new move to acquire more ETH. Accordingly, Bitmine, led by market prophet Tom Lee, applied to the SEC to sell up to $20 billion in shares to acquire more ETH. According to Reuters, Bitmine has filed a motion with the SEC to increase its on-market equity program from $4.5 billion to $24.5 billion to fund more ETH purchases. The company initially entered into an agreement with Cantor Fitzgerald and ThinkEquity to sell up to $2 billion of common stock at market price, initially on July 9. On July 24, it filed an amendment with the SEC to increase the offering amount to $4.5 billion. The company recently announced that it has filed a new application with the SEC to increase its stock offering to $24.5 billion. Bitmine, chaired by Tom Lee, emerged as the company with the largest Ethereum treasury with 1.15 million ETH worth approximately $5 billion, continuing its leadership with its Ethereum treasury holdings and becoming the first company to surpass the 1 million ETH mark. Ethereum (ETH) Surpasses $4,400! As whales and institutional investors continue to buy ETH heavily, the price of Ethereum has surpassed $4,400. At this point, ETH is 11% away from breaking its all-time high set in November 2021. Standard Chartered executive Geoffrey Kendrick stated in a recent report that Ethereum treasury companies are “still in their infancy,” will continue to accumulate ETH, and over time, they could increase their holdings tenfold, reaching 10% of all ETH. *This is not investment advice. Continue Reading: Is This Company Behind the Ethereum Rally? The Giant Company Announces a New $20 Billion Move, ETH is Close to Breaking Its Previous ATH!

12 Aug 2025, 15:33

Ethereum Breaks $4,400 as BitMine Expands $20B Offering to Aggressively Acquire ETH

The price of Ethereum has reached a new milestone, surging past the $4,400 mark due to significant institutional buying by BitMine Immersion Technologies. The company, now holding over 1.15 million ETH, announced that it has expanded its equity offering by a staggering $20 billion, bringing its total capacity to $24.5 billion. BitMine’s goal is to acquire up to 5% of the total supply of Ethereum to solidify its position as the largest corporate holder of ETH globally.With this new offering, BitMine plans to continue purchasing large amounts of ETH, replicating the aggressive accumulation strategy first pioneered by MicroStrategy with Bitcoin. In just a few short weeks, BitMine has already amassed nearly $5 billion in Ethereum holdings, with no signs of slowing down.Ethereum Price Soars Amid Institutional FOMOMeanwhile, as BitMine presses forward with its acquisitions, Ethereum’s price has seen a significant uptick. ETH crossed the $4,400 threshold for the first time since 2021, fueled in part by BitMine's buying spree.Notably, Ethereum has experienced a streak of green candles in recent weeks, currently boasting a seven-day gain of 23%, compared to Bitcoin's 6% growth. Optimism is higher than ever that Ethereum will establish a new peak this year. For instance, Tom Lee, chairman of BitMine and co-founder of Fundstrat, has made his bullish stance on Ethereum clear. In a recent podcast, he suggested that ETH could soon outpace Bitcoin in terms of value.Lee is projecting that Ethereum could reach as high as $7,000 to $15,000 by the end of the year. Meanwhile, BitMine believes the price of ETH could reach $60,000 in a few years. The ongoing buying pressure from institutions increasingly fuels this outlook.ETH Treasuries Gaining SteamBitMine’s aggressive accumulation is setting the stage for an "Ethereum MicroStrategy" era, where corporate treasuries continue to pile into the network.Already, numerous institutional investors have disclosed their strategies for continued accumulation and staking of Ethereum.SharpLink and The Ether Machine have been among the leading firms building substantial ETH treasuries alongside BitMine. Just last week, SharpLink announced a $200 million capital raise to purchase ETH tokens.While The Ether Machine's ETH holdings are worth $1.52 billion, SharpLink’s ETH holdings now exceed $2.63 billion. Firms holding Ethereum Meanwhile, the Ethereum Foundation, with over 232,000 ETH, remains dominant in the ecosystem, ranking third among the top holders of ETH.

12 Aug 2025, 15:23

Largest Ethereum Treasury Firm BitMine Immersion Plans $20 Billion Stock Raise To Fund Massive ETH Buying Spree

BitMine Immersion Technology has announced that it plans to raise $20 billion to acquire more of the second-largest cryptocurrency over time.