BitMine’s Billion-Dollar Ethereum Bet: Aiming for 5% Supply Dominance

In a bold move that underscores its bullish stance on Ethereum, BitMine has amassed over $1 billion worth of ETH, accumulating more than 300,000 tokens within just a week after closing a $250 million private placement. The firm's aggressive accumulation strategy highlights its ambition to control 5% of Ethereum's total supply through a combination of staking and strategic acquisitions. Chairman Tom Lee confirmed this milestone, emphasizing the company's asset-light treasury model designed to maximize returns in the burgeoning crypto market. As of July 2025, BitMine's rapid accumulation signals strong institutional confidence in Ethereum's long-term value proposition, potentially reshaping supply dynamics and staking yields across the network.

BitMine Amasses $1 Billion in Ethereum Holdings, Targets 5% of Supply

BitMine has crossed the $1 billion threshold in ethereum holdings, accumulating over 300,000 ETH within a week of closing a $250 million private placement. The firm's aggressive accumulation strategy underscores its ambition to control 5% of ETH's total supply through staking and strategic acquisitions.

Chairman Tom Lee confirmed the milestone, emphasizing the company's asset-light treasury model designed to capitalize on Ethereum's staking yield and market volatility. At current Bloomberg pricing ($3,461.89/ETH), the position represents a calculated bet on ETH's long-term value proposition for corporate treasuries.

The MOVE signals a broader institutional shift toward treating crypto assets as yield-generating treasury instruments rather than speculative holdings. BitMine's approach combines operational profit reinvestment with tactical market positioning during price dislocations.

Ethereum Price Prediction: Will ETH Price Hit $20K in this Altcoin Season?

Ethereum (ETH) has emerged from a prolonged bearish phase, showing significant upward momentum. Over the past 30 days, ETH surged 44.2%, reaching $3,640.83, with a 5.3% gain in the last 24 hours alone. This marks a stark reversal from its sluggish 5.6% growth over the previous year.

Key metrics underscore the bullish trend. Since the start of the month, ETH has rallied 50.58%, climbing from $2,404.14. The asset gained 42.3% in two weeks and 21.7% in the past week, signaling potential for a sustained breakout if market conditions hold.

Analyst Colin Talks Crypto projects ETH could reach $15,000-$20,000 in the coming bull run, citing long-term chart trends. The prediction has fueled Optimism among investors who once viewed Ethereum as a laggard.

SharpLink Expands Ethereum Holdings with $6B Stock Sale Plan

SharpLink Gaming is doubling down on its Ethereum accumulation strategy, increasing its stock sale program limit to $6 billion from $1 billion. The firm has already converted $720.8 million into ETH and holds 280,706 ETH ($1 billion) as of this week—solidifying its position as the largest known corporate holder.

Recent on-chain data reveals an additional 32,892 ETH ($115M) purchase within three hours, bringing its nine-day acquisition spree to 144,501 ETH ($515M). The amended SEC filing introduces forward sales, providing flexible funding mechanisms exclusively for ETH purchases and operational expenses.

This aggressive positioning mirrors institutional recognition of Ethereum's reserve asset potential, following SharpLink's formal designation of ETH as its primary treasury holding last month. The move signals deepening corporate conviction in crypto-native balance sheet strategies.

Ethereum Hits 2025 Highs: Whales and ETFs Fuel Breakout

Ethereum surged past $3,600 this week, marking a 20% gain in just three days. The rally followed a decisive breakout above the $3,325 resistance level, confirming a bullish triangle pattern that had been forming since early 2024. At press time, ETH trades at $3,617, up 3.94% on the day.

Technical indicators flash conflicting signals. The RSI sits at 85.53—deep in overbought territory—while MACD shows relentless upward momentum. Such extreme conditions typically precede either accelerated rallies or sharp corrections. Market structure remains undeniably bullish, with consecutively higher highs and lows throughout July.

Institutional demand appears to be driving the move. ETF inflows and Coinbase's persistent premium suggest U.S. investors are accumulating aggressively. The question now isn't whether Ethereum is bullish, but whether current prices have outstripped short-term fundamentals.

Bit Digital Positions Itself as Major Ethereum Stakeholder with $436M ETH Accumulation

Nasdaq-listed Bit Digital has strategically amassed 120,000 ETH ($436 million), with most tokens actively staked, signaling a deliberate shift from passive holding to Core network participation. The July 18 purchase of 19,683 ETH was funded through a $67.3 million institutional offering, underscoring the company's long-term conviction in Ethereum's role as financial infrastructure.

By operating validators directly, Bit Digital gains influence over Ethereum's security and governance—a power play that coincides with the network's proof-of-stake transition. This move reflects growing institutional willingness to embed within blockchain architectures rather than treat crypto as mere balance-sheet assets.

RoarChain Unveils AI-Powered Self-Custody L2 Built on OP-Stack

RoarChain, a new layer-two solution leveraging Optimism's OP-Stack, aims to onboard web3's next billion users through its self-custody-first architecture and AI integration. Co-founder Dustin Hedrick emphasized wallet sovereignty as non-negotiable: "You don't own your wallet or your keys unless you have those keys privately." The chain inherits Ethereum's security while promising lower fees than mainnet transactions.

The protocol's standout feature involves AI-driven "smarter wallets" that analyze on-chain data upon connection. Hedrick described NFTs interacting with AI agents during login, with the system learning user traits within seconds. This combines wallet history with a proprietary 25-point project rating system.

RoarChain's decade-long roadmap includes fee-backed yield mechanisms and Superchain interoperability. The team positions the L2 as a gateway for crypto newcomers struggling with password hygiene, offering institutional-grade security without centralized custody.