Bitmine Bets Big: $2 Billion Ethereum Mega-Investment Fueled by Stock Offering
Mining giant Bitmine just doubled down on Ethereum—hard. The company announced plans to pour over $2 billion into ETH, funded entirely through a massive stock sale. Here's why this move could shake up crypto markets.
The playbook: Wall Street meets Web3
Bitmine's throwing traditional finance play at decentralized assets. By leveraging public markets to bankroll its crypto ambitions, the firm's essentially creating a bridge between institutional capital and blockchain networks. Smart? Reckless? Hedge funds are already placing bets.
Ethereum's institutional moment
This isn't just another crypto shopping spree. That $2 billion injection signals serious confidence in ETH's long-term value proposition—even as regulators keep playing whack-a-mole with crypto ETFs. Either Bitmine knows something we don't, or they've got spectacular timing (said every bagholder ever).
The move comes as Ethereum continues to dominate smart contract platforms, though whether that justifies a $2 billion wager depends on who you ask—especially when the money's coming from shareholders who probably still think 'DeFi' is a typo.
Bitmine Bets Big on Ethereum
Bitmine was initially a Bitcoin mining firm, but this industry has become less profitable in recent months. Earlier this July, the company announced a bold $250 million Ethereum investment, joining a broad trend of institutional ETH purchases.
Today, Bitmine submitted a filing to offer substantially more company shares to buy even more Ethereum:
Bitmine updated ETH holdings:
– 566,776 tokens
– value exceeds $2 billion
– as of 11:59pm ET July 23, 2025
Ticker: $BMNR
Chairman: Tom Lee @fundstrat
follow us at @BitMNR https://t.co/ZCGQhlrVy0
Bitmine currently owns $2 billion in Ethereum, but the company is planning to push this to $4.5 billion. It’s doing this through a sales agreement with ThinkEquity and Cantor Fitzgerald, a prominent Trump-aligned firm that has heavily invested in corporate crypto treasuries.
The company may be making a gamble, but institutional ETH investment is on the rise. This could help reduce the risks from major Ethereum stockpiling.
Since Bitmine first announced its new Ethereum policy, Peter Thiel’s fund bought a substantial stake in the firm, and Ark Invest channeled $175 million into it earlier this week. So far, today’s announcement has been bullish:
To be clear, this isn’t the only bullish sign. Bitmine evidently picked a good time to back Ethereum, as its weekly inflows are at an all-time high. Waves of corporate investment have buoyed the asset’s price, and a rally to a new all-time high might be possible.
Investors have raised fears of a bubble from corporate Bitcoin acquisitions, but ETH is a less saturated market. Compared to BTC, Bitmine may have more of a chance to directly influence Ethereum.
Bitwise predicts $20 billion in institutional ETH investment over the next year, and Bitmine WOULD represent over one-fifth of this. That factor may enable real protection.
