Ethereum Treasury Stocks Rally: BitMine Soars 20%

Published: 2025-11-25 04:29:03 |

BitMine Immersion Technologies led a broad rally in Ethereum treasury stocks, with its shares up nearly 20% to $31, far outpacing the 2.1% gain in the overall crypto market. Since launching its ETH accumulation strategy in June, BitMine has climbed 630% despite a 50% drop from October’s peak. The company now holds 3.63 million ETH (3% of total supply), valued at $10.6 billion, after adding 69,822 ETH last week. Institutional ownership jumped from 6% to 31.7% in just 13 days. Other Ethereum treasury stocks—SharpLink Gaming (SBET) and MicroStrategy (MSTR)—rose 6% and 5%, respectively. Ether itself gained about 3% to an intraday high of $2,980. Analysts view these rallies—driven by robust ETH accumulation and growing institutional interest—as a bullish signal for a potential broader recovery in ETH prices.

Bullish

The strong rallies in Ethereum treasury stocks, driven by BitMine’s 20% surge, substantial ETH accumulation, and a jump in institutional ownership, point to growing confidence in ETH demand. Accumulating 3.63 million ETH and raising institutional stakes from 6% to 31.7% within two weeks signals robust buying pressure. Historically, such treasury stock accumulation precedes broader market uptrends, suggesting bullish momentum for ETH in both the short and long term.