In a stunning move, Tom Lee’s Ethereum treasury firm BitMine is offering up to $20 billion in common stock to fuel its aggressive ETH buying and staking strategy,
The legendary Wall Street investor and Fundstrat CEO appears determined to acquire 5% of Ethereum’s total supply, and isn’t wasting any time to get there.
BitMine has now increased the size of its at-the-market (ATM) offering to $24.5 billion, which it is expected to exclusively use to increase its ETH holdings.
The Ethereum price has climbed up to $4400 on the news for the first time since December 2021, also buoyed by a soft headline CPI print.
It’s looking increasingly likely that sidelined investors still have time to join the Ethereum rally, with some experts predicting a new all-time high as early as August.
ETH’s bullish strength has provided the ideal backdrop for ERC-20 coins to rally as well, with Uniswap, Lido DAO and Arbitrum among the top crypto gainers. Small-cap coins like Bitcoin Hyper are also in high demand as investors hunt for outsized returns.
BitMine Raises $20B In Common Stock Offering
Under the chairmanship of Fundstrat CEO Tom Lee, BitMine is already the largest corporate holder of Ethereum, currently holding 1.2 million ETH worth nearly $5 billion.
Today, it released a supplementary prospectus, increasing the amount of common stock that can be sold under its Sales Agreement to $24.5 billion. This is a 5x increase in issuance capacity, almost exclusively to be used for increasing the company’s Ethereum treasury.
Tom Lee is raising $20B to buy more Ethereum
oh my goodness$BMNR $ETH pic.twitter.com/7g3W5a8N7C
— amit (@amitisinvesting) August 12, 2025
Meanwhile, Joseph Lubin’s Sharplink Gaming has announced a $400 million registered direct offering, alongside $200 million in existing ATM proceeds ready to deploy, which could push its Ethereum holdings past $3 billion.
Together, the two ETH treasury firms are exerting significant buying pressure on Ethereum. Lubin recently told CNBC he believes ETH could overtake Bitcoin’s market valuation within the next year.
Ethereum Price Hits $4400 For The First Time Since 2021
The Ethereum price surged past the $4400 mark for the first time since December 2021.
Prominent analysts like Jacob Bury believe that a major ETH breakout is imminent as the largest altcoin appears to be breaking out of a parallel triangle.
Could an $ETH breakout be imminent?
You decide
pic.twitter.com/l9SDGNNlkq
— Jacob Crypto Bury (@BuryCrypto) August 12, 2025
With Ethereum’s MVRV ratio currently near 2, far from the 3.2 to 4 range marked at previous cycle tops, on-chain data points to significant upside potential. It appears likely that ETH will hit a new all-time high in August and potentially, $10,000 this year.
Best ERC-20 Coins To Buy
ERC-20 coins show a strong correlation with the Ethereum price. Therefore, tokens like Lido DAO, Arbitrum and Uniswap are among the top crypto gainers over the past several days.
Sidelined investors should keep an eye out for Pepe and Floki as well. Smart money investors continue to view Ethereum meme coins as excellent beta bets on ETH.
On the contrary, Bitcoin Hyper (HYPER) is an excellent investment for those hunting for low-cap gems and outsized returns.
The HYPER presale is going viral and has raised nearly $9 million in short order. Whales and seasoned traders are among the early buyers, as they have been quick to recognise the potential of this BTC layer-2 coin.
One whale just swapped 35 ETH to purchase nearly $150k worth of HYPER.
Powered by the Solana Virtual Machine and cutting-edge zero-knowledge architecture, Bitcoin Hyper promises to attract payment solutions, DeFi products and even meme coins to the BTC ecosystem.
Such top layer-2 coins tend to reach multibillion-dollar valuations. Even Bitcoin’s Stacks has a peak market cap of over $5 billion.
Unsurprisingly, experts are viewing HYPER as one of the best ERC-20 tokens to buy with up to 100x upside potential.
Visit Bitcoin Hyper Presale
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