BitMine ETH Treasury Hits $5B with $2B Buy, BMNR Volume Up
BitMine has boosted its ETH treasury to approximately 1.15 million ETH after adding 317,126 coins valued at $2 billion in one week. The ETH treasury now stands at near $5 billion, making BitMine the largest corporate holder and reinforcing its goal to control 5% of total ETH supply.
The firm’s focus on ethereum accumulation and token staking has driven its BMNR shares up 25% over the past week and a further 10% in pre-market trading. Daily trading volume averaged $2.2 billion, ranking BitMine among the top 25 U.S. stocks and underscoring strong institutional demand for its crypto treasury strategy.
This aggressive ETH treasury build and staking push has coincided with ether breaching $4,300 over the weekend. Traders should watch for continued scarcity-driven support that may boost both short-term rallies and long-term stability in the ethereum market.
Bullish
BitMine’s rapid ETH treasury build and token staking signal strong institutional demand, reducing circulating supply and supporting ether’s price. In the short term, the $2B buy and rising BMNR volume may fuel further rallies as traders react to heightened scarcity. Over the long term, a growing corporate ETH treasury and continued staking can provide sustained buy-side pressure and market stability, underpinning a bullish outlook for ethereum.