Coinbase Celebrates Wall Street’s Crypto Adoption as Major Banks Accept Bitcoin and Ethereum as Collateral

In a landmark shift for the cryptocurrency industry, major Wall Street banks including JPMorgan Chase, Goldman Sachs, and BNY Mellon are now accepting Bitcoin and Ethereum as collateral for loans. This development, highlighted by JPMorgan's pilot program for BTC/ETH-backed loans, signals growing institutional confidence in digital assets. The move represents a significant milestone in traditional finance's integration with cryptocurrency markets, potentially paving the way for broader adoption and new financial products. As of July 2025, this institutional embrace is creating positive momentum across crypto markets, with industry leaders like Coinbase positioned to benefit from increased mainstream acceptance.

Wall Street Embraces Crypto as Major Banks Adopt Digital Assets for Collateral

Global financial institutions are accelerating their embrace of cryptocurrency, with JPMorgan Chase, Goldman Sachs, and BNY Mellon leading the charge. These banks are now accepting Bitcoin and ethereum as collateral for loans, marking a pivotal shift in traditional finance's relationship with digital assets.

JPMorgan has initiated a pilot program offering loans backed by BTC and ETH, while PNC Bank has integrated Coinbase's services to allow direct crypto purchases through its platform. Goldman Sachs and BNY Mellon are bridging traditional and blockchain finance through Ethereum-based tokenized money market funds.

The MOVE signals growing institutional confidence in crypto's role as a legitimate asset class. Analysts predict this trend will expand, with tokenized assets and blockchain-based auditing potentially becoming standard features in banking infrastructure.

BitMine Immersion Aims to Stake 5% of Ethereum’s Supply as Holdings Exceed $2 Billion

BitMine Immersion Technologies (BMNR) has solidified its position as Ethereum's largest publicly traded holder, with its ETH portfolio now valued at over $2 billion. The company disclosed holdings of 566,776 ETH, acquired at an average price of $3,643 per token—surpassing the combined reserves of the Ethereum Foundation and Coinbase.

Strategic ETH Reserves data shows BitMine now leads SharpLink, the second-largest holder, by a margin of 200,000 ETH. Chairman Thomas Lee reaffirmed the firm's ambition to control 5% of Ethereum's circulating supply, a target he called "achievable" through its accumulation strategy. Currently, BitMine stakes 0.46% of the network.

Ark Invest's Cathie Wood has backed the firm with $170 million in equity investments, citing its potential to shape DeFi and on-chain capital markets. "Digital asset treasury companies are becoming systemic players," Wood noted in a recent statement.