Bitmine – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 08 Sep 2025 14:59:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Bitmine – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 BitMine Now Holds $9B in Crypto Treasury, Fuels 1,000% Surge in WLD-Linked Stock https://earlybirdsinvest.com/bitmine-now-holds-9b-in-crypto-treasury-fuels-1000-surge-in-wld-linked-stock/ https://earlybirdsinvest.com/bitmine-now-holds-9b-in-crypto-treasury-fuels-1000-surge-in-wld-linked-stock/#respond Mon, 08 Sep 2025 14:59:07 +0000 https://earlybirdsinvest.com/bitmine-now-holds-9b-in-crypto-treasury-fuels-1000-surge-in-wld-linked-stock/

BitMine Immersion Technologies (BMNR) has announced its cryptocurrency holdings now near $9 billion, which the firm says makes it the second-largest crypto treasury firm in the world behind Strategy (MSTR), which holds 638,460 BTC worth over $71 billion.

It also fueled a 1,000% surge in a stock looking to accumulate WLD.

The company according to a press release, holds 2.069 million ETH worth about $8.9 billion at current prices, in addition to 192 BTC and $266 million in unencumbered cash.

That brings the company’s total crypto and cash holdings to more than $9.2 billion, it said.

BMNR pivoted to an ETH treasury strategy in June and aims to accumulate 5% of the total supply of ether. It’s currently the largest ether treasury firm, with SharpLink Gaming (SBET) coming in second with a $3.6 billion ETH treasury according to StrategicETHReserve.

BitMine also announced a $20 million investment in Eightco Holdings (OCTO), a move it calls the first in its “Moonshot” investment strategy to “back bold ideas that strengthen Ethereum’s vast ecosystem.”

Eightco plans to hold worldcoin WLD$1.4600 as its primary treasury asset. The funding comes as part of its $270 million raise via a private investment in public equity (PIPE). OCTO shares are up more than 1,000% in pre-market trading.

]]> https://earlybirdsinvest.com/bitmine-now-holds-9b-in-crypto-treasury-fuels-1000-surge-in-wld-linked-stock/feed/ 0 57413 Ark Invest snaps $23.5 million in Bitmine and Bullish stocks across flagship ETFs https://earlybirdsinvest.com/ark-invest-snaps-23-5-million-in-bitmine-and-bullish-stocks-across-flagship-etfs/ https://earlybirdsinvest.com/ark-invest-snaps-23-5-million-in-bitmine-and-bullish-stocks-across-flagship-etfs/#respond Sun, 07 Sep 2025 00:37:40 +0000 https://earlybirdsinvest.com/ark-invest-snaps-23-5-million-in-bitmine-and-bullish-stocks-across-flagship-etfs/

Cathie Wood’s Ark Invest strengthened its bets on crypto-related stocks on Friday, buying more than $23.5 million in Bitmine Immersion Technologies (BMNR) Coindesk’s parent company, Crypto Exchange Bullish, spans three actively managed ETFs.

Trade disclosures indicate ARK Innovation ETF (Seat),ARK Next Generation Internet ETF (arkw) Ark Fintech Innovation ETF (arkf) The group collectively referred to over $23.5 million in Bitmine and 144,000 Bullish shares, which were closed on Friday.

Arkk led the way, adding 257,108 Bitmine stocks and 81,811 shares, with ARKW and ARKF splitting the rest.

In addition to these additions, ARK trimmed stocks from DraftKings, Roku, Roblox and Chipmaker Teradyne.

Bitmine is currently Ether’s largest treasury company, with 1.87 million ETHs over $8 billion. The stock fell 0.3% in Friday’s trading session and another 1.17% after trading.

Bullish was made public in August through a $1.1 billion IPO after repealing its previous SPAC program. Ark was a major buyer on the first day, photographing $172 million worth of stock. Shares rose 6% on Friday, gaining momentum since their debut, but fell 1.5% after trading.

]]> https://earlybirdsinvest.com/ark-invest-snaps-23-5-million-in-bitmine-and-bullish-stocks-across-flagship-etfs/feed/ 0 57137 Bitmine adds another $65.3 million to Ethereum. detail https://earlybirdsinvest.com/bitmine-adds-another-65-3-million-to-ethereum-detail/ https://earlybirdsinvest.com/bitmine-adds-another-65-3-million-to-ethereum-detail/#respond Thu, 04 Sep 2025 18:21:34 +0000 https://earlybirdsinvest.com/bitmine-adds-another-65-3-million-to-ethereum-detail/

Ethereum continues to show resilience in the face of recent volatility and holds firmly at the $4,200 level. Despite this strength, ETH still hasn’t decisively beaten $4,500. This is an important barrier to seeing the next leg of that uptrend. Instead, sales pressures are increasing as the broader markets feel the weight of profitability and uncertainty, leaving traders with the advantage in the near-term outlook.

Related readings

Still, Ethereum’s foundations remain strong. Institutions and large players are stepping forward actively, fostering confidence that demand is far from declining. According to analysts, according to Ted Pillows, Bitmine, a major institution player, bought Ethereum again a few hours ago, and added quite a bit of possession already. This repeated accumulation highlights the growth trend of capital turnover into ETH, despite the other altcoins facing heavier corrections.

The institutional demand narrative provides counterweight to bearish feelings, suggesting that Ethereum may be better positioned to survive the current market environment than Bitcoin and other large tokens. With the favourable harmonization of foundations and whale activities, Ethereum’s ability to maintain structural demand levels could be a critical factor in determining whether the next breakout will come to fruition in the coming weeks.

Bitmine strengthens Ethereum’s position

According to analyst Ted Pillows, Bitmine made headlines again by purchasing another $65.3 million worth of Ethereum, increasing its total holding to an impressive 1785 million ETH. At its current valuation, the stash is worth around $77.1 billion, solidifying Bitmine’s position as the largest Ethereum holder in the market. This dominant position places the agency far ahead of its competitors and has more than twice the holdings of Sharplink, the second largest ETH owner.

Galagy Digital Ethereum accumulation | Source: Ted Pillows
Galagy Digital Ethereum accumulation | Source: Ted Pillows

The scale of Bitmine’s activities highlights the pace of accelerated institutional adoption surrounding Ethereum. While Bitcoin has historically been spotlighting as an institution’s flagship digital asset, recent capital turnover trends clearly indicate a shift in market preferences. Large players are increasingly allocating capital to ETH, viewing it not only as a store of value, but also as an important part of the future digital economy, given the smart contract ecosystem, Defi applications, and layer 2 scaling development.

This aggressive accumulation reinforces the narrative that Ethereum has emerged as a priority asset for long-term strategic positioning. By consistently adding to its ETH reserve, Bitmine signales trust in its ability to gain Ethereum’s outperform in its current cycle. Furthermore, the contrast between reserves and demand has been stagnating with Bitcoin, which has highlighted the growing dominance of Ethereum in its facility portfolio.

Related readings

Technical details: ETH integrates in scope

Ethereum trades around $4,406, holding above the 200th crucial SMA, but shows clear signs of indecisiveness. The chart highlights how ETH struggled to establish momentum beyond the $4,500 resistance. Despite multiple attempts, the bull has failed to cause a sustained breakout, and ETH is stuck in the side-way integration.

ETH integrates moving averages around the center | Source: TradingView's Ethusdt Chart
ETH integrates moving averages around the center | Source: TradingView’s Ethusdt Chart

The SMAs for the 50 and 100th periods are flattened and reinforce the idea that momentum is cooled. Still, the nearly $4,280 SMA offers structural support, with buyers consistently defending the field in recent sessions. This suggests that while ETH is under pressure, it will remain intact as long as its underlying bull structure is above this critical level.

Related readings

From a risk reward perspective, the immediate range of Ethereum is clear. Support is between $4,280 and $4,300, and resistance remains firmly set at $4,500. A critical break above $4,500 could pave the way for a retest between $4,700 and $4,800, but if you don’t keep support you’ll likely see a drop of $4,200.

Dall-E special images, TradingView chart

]]> https://earlybirdsinvest.com/bitmine-adds-another-65-3-million-to-ethereum-detail/feed/ 0 56758 BitMine Becomes World’s 2nd Largest Crypto Treasury With $6.6B https://earlybirdsinvest.com/bitmine-becomes-worlds-2nd-largest-crypto-treasury-with-6-6b/ https://earlybirdsinvest.com/bitmine-becomes-worlds-2nd-largest-crypto-treasury-with-6-6b/#respond Tue, 19 Aug 2025 05:38:38 +0000 https://earlybirdsinvest.com/bitmine-becomes-worlds-2nd-largest-crypto-treasury-with-6-6b/

Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy.

The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more than the $5.88 billion in Bitcoin that MARA holds.

The firm stated that it now holds 373,110 more ETH than a week ago, and its stash is $1.7 billion higher than a week ago.

Super-aggressive Accumulation

“In just a week, BitMine increased its ETH holdings by $1.7 billion to $6.6 billion, as institutional investors have expressed interest and support for our pursuit of the ‘alchemy of 5%’ of ETH,” said Fundstrat’s Tom Lee, who is also the Chairman of BitMine.

“As we continue to say, we are leading crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock.”

Lee echoed comments he made last week, stating that Ethereum is one of the biggest macro trades over the next 10-15 years.

“Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system,” he said before adding that “the majority of this is taking place on Ethereum.”

Ether is emerging as a direct way to gain exposure to the “expected meteoric growth” in stablecoins as the Ethereum network hosts most of these assets, JP Morgan analysts wrote in a note last week.

Ethereum currently has more than 55% market share of total tokenized real-world assets on-chain value, including stablecoins, according to RWA.xyz.

BitMine has 37% market dominance in the Ethereum treasury sector, which is currently worth $17.6 billion with more than 4 million ETH accumulated by corporations, according to SER. The firm has targeted a $20 billion Ether treasury.

Meanwhile, BTCS Inc. became the first public company to issue a dividend in ETH this week.

ETH Price Retreats

ETH prices have continued to retreat, however, as the crypto market correction deepens and the chances of it hitting an all-time high this month dwindle.

Ether recovered from Monday’s low of $4,250 but failed to move higher than $4,380, retreating back below $4,300 again during the Tuesday morning Asian trading session.

The asset has now corrected 10% from its 2025 high and is currently trading around support levels. A breakdown from here could result in a fast fall below $4,000, however.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

]]> https://earlybirdsinvest.com/bitmine-becomes-worlds-2nd-largest-crypto-treasury-with-6-6b/feed/ 0 53949 BitMine becomes the first company to surpass 1M ETH holdings worth over $5B https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/ https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/#respond Sat, 16 Aug 2025 03:56:10 +0000 https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/

BitMine has become the first corporate treasury to surpass 1 million Ethereum (ETH) in holdings after its stash climbed to 1.17 million ETH on Aug. 15, valued at over $5 billion.

The firm added 317,126 tokens worth approximately $2 billion in a single week. BitMine chairman Tom Lee said on August 4 that the firm intends to move with “lightning speed” in its pursuit to acquire 5% of ETH’s total supply.

Notably, the company launched its treasury strategy on June 30, growing from zero to over 1 million ETH in a little over a month.

Treasury competition accelerates

BitMine now leads the Ethereum treasury sector, surpassing SharpLink Gaming’s 728,804 ETH holdings. 

SharpLink reported on August 15 that it raised over $2.6 billion in capital for ETH acquisitions and has staked nearly 100% of its holdings, generating cumulative rewards of approximately 1,326 ETH.

Data from the Strategic ETH Reserve lists 71 ETH-focused treasury firms collectively holding 3.7 million ETH valued at $16.3 billion, representing 3.06% of the total supply. 

These companies indicate plans to allocate roughly $27 billion toward additional ETH acquisitions, which could push corporate holdings to 10% of total supply.

BitMine filed an amendment to expand its at-the-market equity program by $20 billion to fund continued acquisitions. 

The aggressive strategy has driven significant stock performance, with shares surging up to over 1,100% and an average daily trading volume of $2.2 billion, ranking it 25th among all US-listed stocks.

Institutional adoption context

The rapid accumulation could be a sign of growing institutional recognition of Ethereum as foundational infrastructure for future financial systems. 

The corporate broad view could align with BitMine’s understanding that staking ETH secures the network and generates yield while aligning firms with Ethereum’s long-term success. 

On July 21, Cathie Wood’s Ark Invest shifted approximately $175 million from traditional crypto stocks like Coinbase and Robinhood into BitMine. The move demonstrates institutional confidence in Ethereum treasury strategies. 

BitMine’s achievement positions it as the third-largest crypto treasury globally behind Bitcoin-focused Strategy and MARA Holdings.

Mentioned in this article
]]> https://earlybirdsinvest.com/bitmine-becomes-the-first-company-to-surpass-1m-eth-holdings-worth-over-5b/feed/ 0 53431 Tom Lee’s BitMine Abruptly Accumulates $3,030,000,000 of Ethereum (ETH) in New Altcoin Treasury Strategy https://earlybirdsinvest.com/tom-lees-bitmine-abruptly-accumulates-3030000000-of-ethereum-eth-in-new-altcoin-treasury-strategy/ https://earlybirdsinvest.com/tom-lees-bitmine-abruptly-accumulates-3030000000-of-ethereum-eth-in-new-altcoin-treasury-strategy/#respond Mon, 04 Aug 2025 17:16:08 +0000 https://earlybirdsinvest.com/tom-lees-bitmine-abruptly-accumulates-3030000000-of-ethereum-eth-in-new-altcoin-treasury-strategy/

One of the first public companies to test an Ethereum treasury strategy has rapidly accumulated more than $3 billion of the second-largest crypto asset by market cap.

BitMine says it has rapidly stockpiled the largest Ethereum treasury in the world, now holding 833,000 ETH worth more than $3.03 billion at time of publishing.

Fundstrat co-founder Tom Lee, who is now the Chairman of BitMine’s board of directors, says the firm is pushing to acquire 5% of the circulating supply of Ethereum, which would be about 6,035,480 ETH.

“BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago.

We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.”

BitMine calls itself a Bitcoin and Ethereum network company focused on buying crypto for the long term, acquired by BTC mining proceeds and capital raises.

The firm’s mining operations are centered in Trinidad as well as Murray, Kentucky, Pecos, Texas and Silverton, Texas.

ETH is priced at $3,641 at time of publishing, up 4.02% in the last 24 hours.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong/NEWAY 3D

]]> https://earlybirdsinvest.com/tom-lees-bitmine-abruptly-accumulates-3030000000-of-ethereum-eth-in-new-altcoin-treasury-strategy/feed/ 0 51445 Ark Invest swaps Coinbase, Robinhood stakes for major $175M Ethereum play with BitMine Immersion https://earlybirdsinvest.com/ark-invest-swaps-coinbase-robinhood-stakes-for-major-175m-ethereum-play-with-bitmine-immersion/ https://earlybirdsinvest.com/ark-invest-swaps-coinbase-robinhood-stakes-for-major-175m-ethereum-play-with-bitmine-immersion/#respond Tue, 22 Jul 2025 11:13:12 +0000 https://earlybirdsinvest.com/ark-invest-swaps-coinbase-robinhood-stakes-for-major-175m-ethereum-play-with-bitmine-immersion/

Cathie Wood’s Ark Invest has shifted its crypto-focused investment strategy, reducing its holdings in Coinbase, Robinhood, and Block in favor of BitMine Immersion, an Ethereum-focused treasury firm.

According to Ark’s July 21 trading disclosures, the firm added 4.4 million BitMine Immersion (BMNR) shares to three of its actively managed exchange-traded funds (ETFs). This marks a notable strategic pivot as institutional interest in Ethereum treasury strategies continues to rise.

The breakdown of the purchase shows Ark Innovation ETF (ARKK) acquiring 2,937,432 BMNR shares, Ark Next Generation Internet ETF (ARKW) taking 927,898 shares, and Ark Fintech Innovation ETF (ARKF) adding 555,704 shares.

Though the exact acquisition value wasn’t disclosed, BMNR closed at $39.57 on July 21, per Google Finance data. Based on that price, Ark’s total investment likely approaches $175 million.

BitMine Immersion has emerged as a major player in Ethereum treasuries. Data from Strategic ETH Reserve ranks the firm as the largest Ethereum holder, with more than 300,000 ETH.

It currently outpaces other major holders, such as SharpLink and the Ethereum Foundation, which hold over 280,000 and roughly 234,000 ETH, respectively.

Ark trims positions in Coinbase, Robinhood, and Block

In tandem with its BitMine acquisition, Ark Invest has reduced exposure to three prominent crypto-linked stocks.

The firm sold 218,986 shares of Coinbase for roughly $90.6 million, 109,824 shares of Robinhood for $11.46 million, and 90,061 shares of Block for about $7 million. These sales spanned across ARKK, ARKW, and ARKF.

The portfolio adjustment aligns with Ark’s strategy of taking profits on outperforming assets and reallocating capital toward emerging opportunities.

Coinbase’s stock has rallied in recent weeks, briefly surpassing a $100 billion market cap. This rally was fueled by excitement about improved regulatory progress after the US Congress passed key crypto bills like the CLARITY Act and the GENIUS Act.

Meanwhile, Robinhood shares also surged, gaining over 16% during the past week thanks to optimism around its tokenized equities and new crypto offerings in Europe.

Additionally, Jack Dorsey’s Block gained investor attention after being added to the S&P 500 index, making it the second crypto-centered company after Coinbase to achieve the distinction.

Mentioned in this article
]]> https://earlybirdsinvest.com/ark-invest-swaps-coinbase-robinhood-stakes-for-major-175m-ethereum-play-with-bitmine-immersion/feed/ 0 49023 BitMine and SharpLink amass $1B stash amid Ethereum’s rising appeal as ‘digital oil’ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/ https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/#respond Fri, 18 Jul 2025 05:41:19 +0000 https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/

Ethereum-focused firms BitMine and SharpLink Gaming have each surpassed $1 billion in ETH holdings.

BitMine disclosed on July 17 that it now holds 300,657 ETH, valued at approximately $1.04 billion. The firm acquired its holdings at an average price of $3,461.89 per token.

Conversely, SharpLink Gaming has also expanded its Ethereum position, purchasing an additional $68.4 million worth of ETH.

Blockchain analysis platform Arkham Intelligence pointed out that this latest purchase, combined with ETH’s price appreciation, brings SharpLink’s total holdings to an estimated $1.10 billion, not including any staking rewards.

Meanwhile, separate data from the Strategic ETH Reserve places SharpLink’s wallet at 280,600 ETH, worth about $962.8 million at the time of the report.

Strategic Ethereum Reserve
Strategic Ethereum Reserve (Source: Strategic ETH Reserve)

According to Oblong Research, this wave of institutional purchases reflects a broader realization that Ethereum is not just a speculative asset but a foundational layer for the growing on-chain economy.

With roughly $237 billion in value secured on its network, ETH is increasingly viewed as “digital oil,”  a productive base asset that powers a wide range of decentralized applications.

Ethereum Capital Secured
Total Capital Secured on Ethereum (Source: Oblong Research)
]]> https://earlybirdsinvest.com/bitmine-and-sharplink-amass-1b-stash-amid-ethereums-rising-appeal-as-digital-oil/feed/ 0 48271