BitMine’s Ethereum Treasury Soars to 1.71M ETH - $7.9B Mega-Bet on Digital Gold 2.0

BitMine just dropped a nuclear-sized bullish signal on Ethereum—stacking another massive chunk of ETH while traditional finance still debates whether crypto is 'real'.

THE $7.9 BILLION ETH MOVEMENT

BitMine isn't just dipping toes—it's diving deep into Ethereum with a treasury expansion that screams institutional confidence. Holding 1.71 million ETH isn't a casual play; it's a strategic fortress built on smart contracts, scalability, and DeFi dominance. This isn't your grandpa's treasury management—this is Web3 treasury alpha.

WHY ETHEREUM STILL RULES

While competitors scramble for market share, Ethereum remains the backbone of decentralized finance. BitMine’s move signals more than belief—it’s a calculated endorsement of ETH’s store-of-value thesis. Forget bonds and gold; digital assets are eating traditional finance’s lunch—one blockchain settlement at a time.

And yeah—some Wall Street suits still think ‘crypto is a scam.’ Meanwhile, BitMine’s sitting on $7.9 billion in ETH. Who’s laughing now?

Rapid Growth in Treasury Strategy

BitMine launched its Ethereum treasury program on June 30 and closed its first phase on July 8. Since then, it has scaled holdings with speed, supported by institutional investors. 

Besides, its stock has surged in response to these moves. Per Yahoo Finance data, BMNR shares ended at $53.49 on Friday, climbing 12.07% in a single session. Ethereum, on the other hand, traded at $4,662.35 according to CoinMarketCap, being down 2.08% in the past 24 hours.

Chairman Thomas “Tom” Lee of Fundstrat explained the company’s momentum. “In the past week, BitMine increased its crypto and cash holdings by $2.2 billion,” Lee stated. He further noted, “At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock.”

Ethereum as a Macro Bet

Additionally, BitMine views Ethereum as a generational trade. Lee stressed, “We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years.” He pointed to Wall Street and artificial intelligence moving onto blockchain as catalysts for global financial transformation.

Moreover, BitMine’s crypto and cash NAV per share has soared to $39.84, up from $22.84 in late July. With average daily stock trading volume at $2.8 billion, the company has also become one of the most liquid equities in the US.

BitMine’s Ethereum push makes its dominance strong and also underscores Wall Street’s accelerating embrace of blockchain assets.

Also Read: Whales Move to Ethereum, Bitcoin Retreats Near $112,700 Mark