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Largest Ethereum Treasury Firm BitMine Immersion Plans $20 Billion Stock Raise To Fund Massive ETH Buying Spree
August 12, 2025
In a surprise move, BitMine Immersion Technology has announced that it intends to raise a staggering $20 billion through an at-the-market equity offering, with plans to utilize these funds to purchase even more Ethereum (ETH) in the near future. This monumental stock raise represents a significant expansion of the initial $4.5 billion authorization filed by the company just over two months ago.
The announcement has sent shockwaves throughout the cryptocurrency market, as BitMine’s aggressive move is expected to further fuel the recent price surge seen in ETH. The asset’s value has already skyrocketed by roughly 20.6% within a span of seven days, with its current trading price hovering at $4,385, just below its all-time high of $4,878 set back in November 2021.
This monumental stock raise demonstrates BitMine’s unwavering commitment to growing its Ethereum treasury, making it the largest corporate holder of ETH by far. The company has already amassed a staggering portfolio worth approximately $5 billion, with plans to acquire as much as 5% of the total Ether supply, valued at an astonishing $25 billion at current market prices.
It is also worth noting that other prominent corporations are following in BitMine’s footsteps, with SharpLink Gaming and The Ether Machine emerging as notable examples. SharpLink Gaming now holds approximately $2.64 billion worth of ETH, while The Ether Machine has accumulated a staggering 345,362 ETH, valued at around $1.5 billion.
As the cryptocurrency market continues to navigate unprecedented growth, it is clear that institutional investors are increasingly eager to diversify their portfolios and capitalize on the vast potential presented by Ethereum and other digital assets.
Source: zycrypto.com
