Bitmine Pushes Ethereum Treasury to 97% of 5% Goal as ETH Breaks $2,500

Consistent Accumulation Through Market Swings

Bitmine has maintained its disciplined approach to Ethereum accumulation for 14 consecutive months, adding another 32,447 ETH to its treasury last week as the cryptocurrency staged a sharp breakout above the $2,500 level. According to Bitmine’s disclosure, the company now holds 5,847,611 ETH—equivalent to roughly 4.8% of Ethereum’s total circulating supply—having launched its systematic buying strategy on June 30, 2025. The accumulation strategy has proven resilient through both market downturns and rallies, with the company purchasing Ether every single week without interruption. Bitmine’s position has drawn attention from institutional investors tracking corporate digital asset treasuries, particularly as the company sits just 97% of the way toward its stated objective of acquiring 5% of the ETH supply. Beyond its direct holdings, Bitmine has staked approximately 5.07 million ETH, representing about 87% of its total treasury, while maintaining combined investments of $14.9 billion across crypto, cash, securities, and other assets.

Macro Catalyst Reignites Ether Demand

Ether’s surge above $2,500 followed an announcement from the US Treasury regarding its longer-dated Treasury purchase strategy. The Treasury disclosed plans to increase its monthly acquisitions of certain longer-dated securities to $4 billion from $2 billion, beginning the following month. The market interpreted this announcement as supportive of risk assets, with Ether outperforming Bitcoin in the days following the disclosure. Since the Treasury announcement, Ether has appreciated more than 32%, marking its strongest performance against Bitcoin in recent weeks and reaching levels not seen since January. This rally has revived interest in cryptocurrency as investors reassess their exposure to alternative assets in the context of shifting monetary policy expectations.

Unrealized Losses Narrow as Recovery Takes Hold

Bitmine’s aggressive purchases during the preceding market downturn had accumulated steep paper losses as Ether prices continued declining. The company had invested more than $19.5 billion into its Ether treasury, with unrealized losses approaching $8.4 billion roughly a week before the recent rally. However, Ether’s rapid recovery has significantly improved the company’s treasury valuation, with paper losses falling below $5 billion—a reduction of more than $3 billion in just one week. This recovery highlights both the volatility of digital asset treasuries and the importance of institutional conviction in long-term accumulation strategies. Bitmine’s NYSE-listed shares have reflected the improved sentiment, opening the week up approximately 8.7% and up nearly 28% over the preceding six months.

Source: Bitmine, via Cointelegraph. Not financial advice.