BitMine Amasses $3 Billion Ethereum Treasury in Bold New Strategy
Key Takeaways:
BitMine has acquiredĀ 833,000 ETH ($3.03B)Ā in just 35 days
Aims to controlĀ 5% of ETH's circulating supplyĀ (~6M ETH)
Strategy led by Fundstrat'sĀ Tom Lee, now BitMine Chairman
Company combinesĀ mining proceeds + capital raisesĀ to fund purchases
BitMine's Aggressive Ethereum Accumulation
Crypto investment firmĀ BitMineĀ has executed one of the most aggressive treasury strategies in digital asset history, accumulating:
š°Ā 833,000 ETHĀ (worth $3.03B)
ā±Ā From zero to $3B in just 35 days
šÆĀ Targeting 5% of all circulating ETHĀ (6M coins)
"We've achieved the 'alchemy of 5%' velocity unmatched in crypto treasuries,"Ā saidĀ Tom Lee, BitMine Chairman and Fundstrat co-founder.
The Strategy Behind the Move
BitMine operates as aĀ Bitcoin/Ethereum network companyĀ with a unique model:
1ļøā£Ā Mining Operations
Facilities inĀ Texas (Pecos/Silverton)Ā andĀ Trinidad
BTC mining profits help fund ETH purchases
2ļøā£Ā Capital Raises
Public company status enables stock offerings
Focus onĀ high liquidity shares
"We're separating ourselves by both speed of accumulation and shareholder value creation,"Ā Lee noted.
Market Impact & ETH Price Action
The massive accumulation comes as:
šĀ ETH price: $3,641 (+4.02% in 24hrs)
šĀ Circulating supply: ~120.7M ETH
š¦Ā Comparable treasuries: No other entity holds this much ETH
Analysts suggest this could:
ā
Create new ETH demand pressure
ā
Validate institutional accumulation strategies
ā
Potentially reduce liquid supply
What's Next?
All eyes will be on whether BitMine can:
š¹ Hit itsĀ 6M ETH target
š¹ MaintainĀ purchase velocity
š¹ InfluenceĀ ETH's market dynamics
Posted: August 4, 2025 | Source: The Daily Hodl
Why This Matters:
This marks one of the most significantĀ institutional ETH accumulation playsĀ to date, potentially creating a new model for crypto treasury strategies. The sheer scale could have lasting impacts on ETH's market structure.
#ETH #Mining #btcmining #tresurefun #BITMINING