{"id":12096,"date":"2025-09-30T08:30:31","date_gmt":"2025-09-30T08:30:31","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-buys-additional-127m-eth-as-ethereum-treasury-companies-double-down\/"},"modified":"2025-09-30T08:30:35","modified_gmt":"2025-09-30T08:30:35","slug":"bitmine-buys-additional-127m-eth-as-ethereum-treasury-companies-double-down","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-buys-additional-127m-eth-as-ethereum-treasury-companies-double-down\/","title":{"rendered":"BitMine buys additional $127m ETH as Ethereum treasury companies double down"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>BitMine is aggressively increasing its ETH holdings, further positioning itself as a major force in the Ethereum treasury space.<\/p>\n<div id=\"cn-block-summary-block_fc99d6cf5df645ffeb1699d9979d1bc0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum treasury company BitMine buys 25,369 ETH worth $127 million, pushing its total corporate holdings to 2.65 million ETH.<\/li>\n<li>Aggressive treasury strategy continues, with the firm aiming to control up to 5% of Ethereum\u2019s circulating supply through steady accumulation.<\/li>\n<li>Another treasury firm BitDigital is seeking to raise $100 million through a convertible note to expand its ETH reserve, signaling growing institutional competition in ETH treasuries.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine has expanded its Ethereum holdings with a fresh purchase of 25,369 ETH valued at $107 million. On-chain data from September 30 shows the assets were transferred from FalconX to a newly created wallet linked to the firm.<\/p>\n<p>Just hours earlier, BitMine moved 4,985 ETH, worth about $21 million, from OKX to another fresh wallet. Taken together, the two transactions total $127 million worth of ETH added to its treasury in under 24 hours, <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1972833422327619973?s=46\">according<\/a> to on-chain tracker Lookonchain on X.<\/p>\n<p>The technology company\u2019s recent buys fit into a broader strategy that has made it the largest Ethereum holder among corporate treasuries. The firm now controls roughly 2.65 million ETH, valued at over $10.8 billion, representing about 2.19% of Ethereum\u2019s current circulation.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Earlier this year, BitMine revealed its goal of eventually holding up to 5% of Ethereum\u2019s total supply, a bold treasury move championed by Chairman Tom Lee as a way to benefit from power-law effects and long-term network value. The firm\u2019s aggressive, Ethereum-first approach is also prompting other treasury companies to increase their ETH reserves, sparking a race among public firms to secure exposure.<\/p>\n<h2 class=\"wp-block-heading\">BitDigital deepens Ethereum treasury bet as BitMine leads<\/h2>\n<p>In a separate move, BitDigital, another corporate Ethereum treasury company, is expanding its ETH holdings. The firm has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bit-digital.com\/press-releases\/bit-digital-announces-proposed-offering-of-100-million-convertible-notes\/\" target=\"_blank\" rel=\"nofollow\">announced<\/a> a new $100 million convertible note offering, with nearly all proceeds earmarked for Ethereum purchases and expanding its reserve.<\/p>\n<p>BitDigital already holds over 120,000 ETH, valued at more than $484 million, making it the 7th <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.strategicethreserve.xyz\/\" target=\"_blank\" rel=\"nofollow\">largest<\/a> corporate ETH treasury. This marks a major shift for the company, which previously concentrated on Bitcoin mining before pivoting to an Ethereum-centered strategy and staking operations earlier this year.<\/p>\n<p>Their strategy centers on raising capital through both equity and debt to continually build their Ethereum reserves, capture blockchain growth, and generate staking yields. This move aligns BitDigital with a growing trend among institutions seeking direct exposure to Ethereum\u2019s network and utility, rather than just holding Bitcoin as a treasury asset.<\/p>\n<p>Combined, corporate Ethereum holdings now <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.strategicethreserve.xyz\/\" target=\"_blank\" rel=\"nofollow\">stand<\/a> at roughly 5.5 million ETH, worth about $22 billion at current prices. With firms like BitMine and BitDigital doubling down on accumulation, this figure is positioned to grow further, reinforcing ETH\u2019s place as a top corporate treasury asset.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine is aggressively increasing its ETH holdings, further positioning itself as a major force in the Ethereum treasury space. Summary Ethereum treasury company BitMine buys 25,369 ETH worth $127 million,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12096"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12096\/revisions"}],"predecessor-version":[{"id":12097,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12096\/revisions\/12097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8838"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}