BitMine Reaches New Heights with Ongoing Purchases

BitMine purchased over 370,000 ETH last week, raising its total holdings to 1,520,000 ETH. Following this acquisition, the company’s Ethereum assets reached $6.5 billion. Additionally, the company’s portfolio includes 192 Bitcoin (BTC).

With this move, BitMine has become the world’s largest Ethereum treasury and ranks second in the global crypto treasury list, behind MicroStrategy, which holds 628,946 BTC.

Long-Term Confidence in Ethereum

Thomas Lee, Chairman of BitMine, emphasized that this massive purchase reflects institutional investors’ confidence in Ethereum. According to Lee, Ethereum is poised to be one of the biggest macro investments over the next 10–15 years.

The company supports its treasury growth strategy not only through purchases but also via capital raises. Lee highlights that Wall Street and AI moving onto blockchain will play a critical role in shaping the new financial system.

BitMine’s Market Position

BitMine is now one of the most widely traded stocks in the US. With an average daily trading volume of $6.4 billion, the company surpasses major names like JPMorgan and Alphabet in terms of trading activity.

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Massive ETH Purchase from Last Week

Last week, BitMine announced that it had purchased over 300,000 ETH, bringing its total holdings to 1,150,000 ETH. This major acquisition once again highlighted the influence of institutional investors on Ethereum.

As part of its public purchases, the company acquired an additional 317,126 ETH, valued at approximately $1.32 billion. This brought BitMine’s total holdings to 1.2 million ETH, creating a massive Ethereum portfolio worth around $5 billion.

Market Impact

Following BitMine, SharpLink ranks second with a portfolio of 598,800 ETH (around $2.5 billion). Such large-scale institutional purchases provide significant support to market liquidity and are viewed as a positive signal for prices.

Overall, the rapid accumulation of Ethereum by institutional investors is driving substantial activity in the digital asset market and is expected to have a positive effect on ETH prices in particular.

This content does not constitute investment advice. Cryptocurrency markets involve high risk, and it is important to conduct your own research before making any investment decisions.

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The company has already begun actively deploying the acquired Ethereum by staking it on the decentralized finance platform Aave. Following this move, the platform’s total ETH holdings have reached 73,616 tokens—equivalent to a portfolio valued at around $275 million at current market prices. 

ETH ETF Inflows Fuel Institutional Demand 

On the same day, spot Ethereum ETFs recorded $533.9 million in net inflows, while spot Bitcoin ETFs saw outflows of $67.9 million. This divergence highlights increasing investor interest in Ethereum over Bitcoin. 

Trump-backed World Liberty Financial has been steadily increasing its ETH investments in recent weeks. The firm recently acquired an additional 3,007 ETH for $10 million, with an average price of $3,325. It had also made another purchase of 1,587 ETH back in May. 

Meanwhile, the platform’s native token, WLFI, is expected to launch within two months. The project team recently announced that the “full awakening” phase is scheduled to roll out over 6–8 weeks. 

Ethereum Demand Grows with Institutional and Whale Activity 

Beyond World Liberty, several major players are accumulating ETH. SharpLink, Bitmine, and asset management giant BlackRock have recently expanded their Ethereum positions. 

Another notable initiative is Ether Machine, a new $1.6 billion ETH-focused project backed by heavyweights like Pantera Capital, Electric Capital, and Kraken. Additionally, Ethereum whales are showing signs of return: a dormant ICO whale recently reactivated their wallet after a decade of inactivity. 

World Liberty’s strategic ETH investments highlight the scale of institutional interest, which also had a visible market impact. Following the purchase, Ethereum’s price rose by 2% within 24 hours, reaching a daily high of $3,763.

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Over $25 Million Worth of ETH Acquired

According to SharpLink’s statement, the transaction was finalized on the Ethereum mainnet on July 10, 2025. The company purchased each ETH at an average price of $2,572.37, bringing the total transaction value to $25,723,680. With this move, SharpLink solidifies its position as the largest publicly traded company to adopt Ethereum as its primary treasury reserve asset.

SharpLink Gaming: “This Is Not a Trade, It’s a Vision”

Joseph Lubin, Chairman of SharpLink and one of the co-founders of Ethereum, emphasized that this purchase is not a speculative trade, but a long-term strategic commitment. “SharpLink isn’t just buying ETH — we are staking and restaking it. By doing so, we’re reducing circulating supply and contributing to the health of the Ethereum network,” he stated.

A Direct Deal with Ethereum’s Core Institution

The Ethereum Foundation (EF), from which the ETH was acquired, is headquartered in Zug, Switzerland and plays a key role in the development and sustainability of the Ethereum protocol. It funds developers, researchers, and Web3 projects, fostering innovation across the decentralized ecosystem.

Aligning with Ethereum and Web3 Strategy

SharpLink Gaming isn’t just an iGaming company — it’s actively working to reshape the online gaming and sports betting industries through smart contracts, DeFi protocols, and Web3 technologies. The acquisition of Ethereum supports not only its financial strategy but also its broader technological vision.

Institutional Adoption of Ethereum Accelerates

SharpLink’s move is part of a growing trend where institutions are integrating digital assets into their treasury strategies. Among them, Ethereum is gaining traction not just as an investment, but as the backbone of the Web3 economy.

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