BitMine now holds 300,657 ETH valued at over $1.08 billion as of July 17, 2025.
The company raised $250 million in a private round to boost its Ethereum acquisition and staking efforts.
BitMine aims to acquire and stake 5% of Ethereum’s total supply, or approximately 6.03 million ETH.
BitMine has officially crossed the $1 billion mark in Ethereum holdings as of July 17, 2025. The company now holds 300,657 ETH, according to a press release issued on Thursday. With Ethereum priced at $3,621 today, the total value of BitMine’s ETH stash surpassed $1.08 billion, reinforcing its position as a major institutional holder of the asset.
https://twitter.com/AltcoinDaily/status/1945922076147339401 $250 Million Raised to Expand Ethereum Exposure
The $1 billion valuation follows a private fundraising round completed on July 8. BitMine raised $250 million in a private placement led by MOZAYYX. Other participants included FalconX, Pantera Capital, Kraken, and Founders Fund. The firm confirmed that proceeds from this round will go toward increasing its ETH holdings.
Executives noted that the new funding gives BitMine capacity to expand its Ethereum strategy. The company plans to increase purchases, build staking infrastructure, and grow the amount of ETH backing its publicly traded shares.
Target Set at 5% of Ethereum Supply
The firm stated that it intends to acquire and stake 5% of Ethereum’s total supply. That figure currently stands at 6,035,676 ETH. Based on current prices, the targeted stake equals approximately $20.9 billion worth of ETH. The goal was confirmed by Executive Chairman Thomas Lee, who reiterated the company’s long-term ETH acquisition plan.
BitMine operates as a NYSE-listed entity. The company aims to link ETH accumulation with shareholder value. Management shared that new strategies are being applied to grow ETH per share. These strategies include compounding staking rewards, recycling corporate cash flows into ETH purchases, and exploiting market volatility to reduce purchase costs.
Staking and Accumulation Strategy Detailed
The company confirmed that its ETH holdings are not idle. The majority of the 300,657 ETH has already been staked through its own validator infrastructure. BitMine is earning ongoing rewards through Ethereum’s proof-of-stake system. The firm also noted that reinvestment of ETH rewards is a core part of its roadmap.
Chief Executive Officer Jonathan Bates stated that the company’s progress this month reflects its structured approach. BitMine has committed to scaling its ETH reserves through a mix of capital market tools and direct blockchain participation.
BitMine’s current acquisition pace and its staking activity reflect a broader shift in how public companies engage with crypto. With direct accumulation, active staking, and measured reinvestment, BitMine has laid out a clear strategy for asset growth within regulatory frameworks. The company did not disclose a timeline for reaching its 5% supply goal.
