BitMine, one of the world’s largest cryptocurrency mining and treasury firms, has announced the addition of 27,316 Ethereum (ETH) worth approximately $113 million to its corporate treasury. This latest purchase brings the company’s total Ethereum holdings to $13.3 billion, strengthening its position as a leading institutional holder of ETH globally.
BitMine Strengthens Ethereum Position Amid On-Chain Expansion
The company confirmed that the ETH accumulation was completed over the past week through a series of OTC (over-the-counter) transactions to minimize market impact. BitMine now holds a treasury exceeding 3.8 million ETH, positioning it among the top three corporate holders of Ethereum worldwide.
This move aligns with a broader strategy adopted by BitMine since 2024, a shift from relying solely on Bitcoin mining revenues to diversified crypto treasury management, including Ethereum staking, Layer-2 investments, and real-world asset tokenization.
Strategic Timing: Accumulation Before Ethereum’s 2025 Q4 Upgrade
The timing of BitMine’s latest purchase coincides with growing anticipation around Ethereum’s Q4 2025 network upgrade, which promises to boost data capacity eightfold and further reduce transaction costs.
The upgrade, backed by Ethereum co-founder Vitalik Buterin, introduces enhanced Layer-2 security modules and developer tools, expected to drive a new wave of DeFi, NFT, and AI-based applications.
Institutional Confidence in Ethereum Grows
BitMine’s aggressive accumulation underscores the institutional confidence building around Ethereum as an asset class. With global enterprises exploring on-chain financial operations, ETH’s role is expanding beyond a network utility token into a strategic digital reserve asset.
Recent data shows that institutional ETH holdings have grown 38% in 2025, fueled by the success of Ethereum staking ETFs, DeFi treasury integration, and cross-border stablecoin settlements.
BitMine’s Treasury Strategy and Long-Term Vision
BitMine began accumulating Ethereum in early 2023 as part of its Digital Asset Reserve Strategy (DARS). The program seeks to balance yield generation, liquidity optimization, and capital appreciation through a multi-chain portfolio.
Currently, the firm stakes a portion of its ETH holdings across Lido, EigenLayer, and in-house validator nodes, earning an estimated 4.2% annualized yield.
The company has also hinted at plans to issue a tokenized debt instrument backed by its ETH treasury, a move analysts believe could blur the line between mining firms and decentralized financial institutions.
ETH Price Reaction and Market Outlook
Following the announcement, Ethereum (ETH) remained stable around $4,140, reflecting steady investor sentiment amid broader market consolidation. Analysts note that corporate and sovereign treasuries are becoming a critical price support factor for ETH, similar to Bitcoin’s institutional role in 2021–2023.
Market watchers expect ETH demand to accelerate as tokenization, restaking, and AI-on-chain services mature throughout 2026.
FAQs: BitMine’s Ethereum Treasury Expansion
1. Why did BitMine buy more Ethereum?
BitMine increased its ETH holdings to strengthen its digital asset reserves ahead of Ethereum’s major network upgrade and expanding institutional demand for on-chain financial infrastructure.
2. How much Ethereum does BitMine hold now?
The company currently holds over 3.8 million ETH, valued at approximately $13.3 billion, making it one of the largest corporate Ethereum treasuries globally.
3. What is BitMine’s long-term strategy with Ethereum?
BitMine uses Ethereum for staking, collateralization, and yield generation, while positioning ETH as a reserve asset for future tokenized debt and liquidity instruments.
4. Will BitMine continue buying Ethereum?
Executives have signaled that further accumulation is likely, particularly if Ethereum’s ecosystem and staking yields continue to grow.
5. How does this impact Ethereum’s price?
While OTC purchases reduce short-term volatility, large-scale corporate accumulation adds long-term supply pressure, a bullish signal for ETH’s future price stability.