Bitmine Boosts Ethereum Treasury to 1.3M ETH (~$7B)
Ethereum treasury firm Bitmine has aggressively expanded its ETH holdings. Over a 10-hour span, it added 135,135 ETH (approx. $600M) via institutional platforms such as FalconX, Galaxy Digital and BitGo. Recent Arkham data shows an additional 9,613 ETH (approx. $45M), bringing its total to about 1.3 million ETH, valued at roughly $7 billion. This wave of large-scale accumulation highlights growing institutional demand for Ethereum and tightens market supply. Traders should monitor how Bitmine’s concentrated ETH treasury may influence liquidity, price momentum, and sentiment ahead of potential network upgrades.
Bullish
This significant increase in ETH holdings by Bitmine signals strong institutional confidence in Ethereum. In the short term, large-scale purchases reduce available supply, likely driving upward price pressure and boosting market liquidity as traders respond to aggressive accumulation. Over the long term, a concentrated treasury positions Bitmine to capitalize on network upgrades and potential rallies, reinforcing bullish sentiment. Historical precedents show that sustained institutional accumulation often correlates with extended price appreciation, supporting a bullish outlook for ETH.