Tom Lee’s BitMine Buys The Dip To Boost Ethereum Holdings To 1,297,093
BitMine recently added 109,485 ETH to its Ethereum stash, bringing its total holding to 1,297,093 ETH, valued at approximately $5.68 billion.
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BitMine recently added 109,485 ETH to its Ethereum stash, bringing its total holding to 1,297,093 ETH, valued at approximately $5.68 billion.
SharpLink Gaming confirmed its position as the second-largest corporate Ether holder after acquiring 728,804 ETH valued at $3.3 billion in Q2 2025.
Ethereum’s market capitalization reached a historic $570 billion milestone, overtaking major corporations like Netflix and Mastercard. The surge follows a 55% monthly rally driven by ETF inflows and corporate treasury purchases.
The anonymous, or as some say, mysterious, 7 Siblings has been selling Ethereum like there’s no tomorrow.
Ethereum rallied 6.31% to $4,515 following BitMine’s announcement of a massive $20 billion fundraising expansion. The move aims to accelerate ETH acquisitions as the firm targets owning 10% of Ethereum’s total supply.
Ethereum surged past $4,360 on Monday, marking its fifth consecutive daily gain amid aggressive corporate treasury accumulation by BitMine and Fundamental Global.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Spot Ethereum ETFs recorded over $460 million in inflows on August 8, with BlackRock’s iShares Ethereum Trust (ETHA) leading at $254.7 million.
Ethereum broke through $4,050 resistance on August 8 following Sharplink Gaming’s $200 million direct offering announcement to expand their Ethereum treasury beyond $2 billion.
Buterin said that Ethereum’s long-term success should not be put at risk by reckless borrowing and speculative strategies.
Ethereum falls below $3,700 despite major corporate buys, with market signals hinting at further decline.
Nasdaq-listed SharpLink Gaming purchased 26,192 ETH worth $96 million, taking its total holdings to 464,382 ETH (~$1.63 billion).
Ethereum maintained its $3,802 price level on July 30 despite broader market weakness, supported by its 10-year anniversary celebrations, SEC approval of ETF in-kind redemptions, and surging institutional demand with BlackRock’s ETF now holding over 3 million ETH.
Despite ETH’s 4% decline, Standard Chartered predicts major institutional inflows could push Ethereum above $4,000, with treasury accumulation happening twice as fast as Bitcoin’s growth rate.