⚡ BitMine is the first Ethereum treasury acquisition vehicle to have more over 1 million ETH.

SharpLink signs another $400 million stock purchase deal to speed up its plan to buy ETH.

Ethereum has gone beyond $4,300 for the first time since December 2021, which is close to its all-time high.

On Monday, Ethereum (ETH) got closer to its all-time high when it went above $4,300. This was because corporate organizations were purchasing more of the top cryptocurrency as their main treasury asset.

Last week, Ethereum treasury businesses kept purchasing, and they already have plans to do much more this week.

BitMine Immersion (BMNR), a crypto mining company, led the way by adding more than $2 billion to its hoard, bringing it to 1.15 million ETH worth around $5 billion as of August 10, according to a press statement on Monday. This is more than 70% more than the $2.9 billion worth of ETH it revealed last week.

The company's most recent holdings solidify its position as the biggest corporate ETH treasury vehicle. BitMine has already reached 20% of its target of getting 5% of all ETH after starting its treasury a month ago.

Fundamental Global (FG Nexus), which is listed on Nasdaq, also got in on the action and used the money from a recent $200 million private issue to increase its treasury balance to 47,331 ETH. The corporation wants to make money for its owners by staking and restaking their ETH.

In a statement on Monday, FG Nexus CEO of Digital Assets Maja Vujinovic stated, "We plan to become a major player in the Ethereum network with a goal of a 10% stake in ETH."

Fundamental Global's most recent purchase of ETH came after it filed a $5 billion shelf offering with the Securities and Exchange Commission (SEC) last week. This was done to let the company buy more of the cryptocurrency.

SharpLink Gaming, the second-largest corporate ETH treasury after BitMine, revealed on Monday that it has reached another share purchase deal with investors totaling $400 million. Last week, the business received $200 million via a different deal, bringing its total potential dry powder for buying ETH to $900 million.

SharpLink said in a statement, "With current Ether holdings of about 598,800 ETH as of Sunday, August 10, 2025, and about $200 million in ATM proceeds still to be used, the Company's ETH holdings are expected to be worth more than $3 billion."

After businesses kept buying, ETH rose beyond $4,300 on Monday, very close to its all-time high of $4,868. This is the most it has cost since December 2021. Ethereum treasury corporations have bought roughly 2.4 million ETH since they became popular in early June. This caused the price of the leading cryptocurrency to rise by more than 60% during that time.

Thomas Lee, the chairman of BitMine and the CIO of Fundstrat, told CNBC last week that "Ethereum is having its 2017 moment again" because of advances in regulating its ecosystem. Lee pointed out that Bitcoin had gone up more than 120 times since Wall Street learned about its "digital gold" story. He said that ETH may do the same and reach up to $30,000.


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