BitMine expands Ethereum treasury to $13 billion with 179,251 ETH purchase, strengthening its corporate crypto strategy and market influence. BitMine Immersion Technologies, a leading publicly traded crypto firm, has significantly expanded its Ethereum treasury. The company bought 179,251 ETH last week, which is equivalent to $823 million according to the current market prices. This purchase […] The post Ethereum News: BitMine Expands Ethereum Treasury to $13 Billion After Major Purchase appeared first on Live Bitcoin News.BitMine expands Ethereum treasury to $13 billion with 179,251 ETH purchase, strengthening its corporate crypto strategy and market influence. BitMine Immersion Technologies, a leading publicly traded crypto firm, has significantly expanded its Ethereum treasury. The company bought 179,251 ETH last week, which is equivalent to $823 million according to the current market prices. This purchase […] The post Ethereum News: BitMine Expands Ethereum Treasury to $13 Billion After Major Purchase appeared first on Live Bitcoin News.

Ethereum News: BitMine Expands Ethereum Treasury to $13 Billion After Major Purchase

BitMine expands Ethereum treasury to $13 billion with 179,251 ETH purchase, strengthening its corporate crypto strategy and market influence.

BitMine Immersion Technologies, a leading publicly traded crypto firm, has significantly expanded its Ethereum treasury. The company bought 179,251 ETH last week, which is equivalent to $823 million according to the current market prices. This purchase brought it to its aggregate total of 2.83 million ETH, amounting to about $13 billion. BitMine also continues to hold its role today as the largest Ethereum treasury in the world.

BitMine Strengthens Ethereum Holdings

The company’s crypto portfolio also includes 192 Bitcoin, a $113 million stake in Eightco Holdings, and $456 million in cash. With this asset list, BitMine is ranked as the #2 crypto treasury in the world, with Sprint Inc. which wants to hold 640,031 BTC with a value of $79 billion. Despite this, BitMine continues to be the world’s largest Ethereum treasury underscoring its continued investment focus on Ethereum as a key strategic asset.

Related Reading: SharpLink’s $85M ETH Buy, $5B Ethereum Treasury Shake Crypto Market | Live Bitcoin News

Thomas “Tom” Lee, Chairman of BitMine stated that Ethereum is good for long term investment, stating it “has a lot of reliability and don’t go down.” He emphasized that Ethereum, in conjunction with AI adoption is the central macro cycle that is changing the future of financial infrastructure. Moreover, Lee stated the opportunity of ETH’s discounted price as an opportunity of strategic accumulation to the treasury.

The company considers its ETH holdings to be a “power law” asset. According to Lee, mining a concentrated amount of Ethereum has a lot of long-term benefits. This strategy is in line with BitMine’s approach to achieve maximum exposure to the digital asset, while ensuring treasury stability.

Ethereum and the Broader Crypto Market

BitMine’s recent activities have coincided with greater regulatory and financial innovations. Initiatives like GENIUS Act and SEC’s Project Crypto are changing the face of financial markets in 2025. Analysts point out that these developments may reflect certain historical changes, such as the termination of the gold standard in 1971, which spurred the current Wall Street infrastructure. Ethereum with its powerful ecosystem is at the center of these changes.

The recent attendance in Singapore at a conference called Token2049 strengthened the firm’s ties in the industry. BitMine worked with the Ethereum core development alongside the leaders of the Ethereum ecosystem thereby increasing the strategic standing of BitMine. The company believes Ethereum will continue to be the leading blockchain platform for institutional and AI-driven financial innovations.

The trading liquidity of BitMine is also a good indicator of market confidence. The firm’s stock traded on average $2.5 billion denominated in one day’s trading volume, for five days, placing it number #28 among all the equities on the U.S. stock exchange. This significant amount of trading is a testament to the trust of the investors and makes BitMine one of the most prominent publicly traded Ethereum-focused companies.

Looking forward, BitMine is planning to continue growing our Ethereum treasury while taking advantage of some blockchain innovation. The firm’s strategy focuses on both the safe accumulation of ETH and being involved in the nascent digital asset markets. Analysts suggest that such actions will propel BitMine towards strengthened influence as Ethereum is growing its integration with the broader financial infrastructure around the world.

The recent purchase by Bitmine highlights the importance of Ethereum in corporate crypto strategy even now. Its decision speaks volumes of confidence in the long-term value of Ethereum and its role in the evolving financial ecosystem.

The post Ethereum News: BitMine Expands Ethereum Treasury to $13 Billion After Major Purchase appeared first on Live Bitcoin News.

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