Ethereum's treasury increases to a staggering $4.96 billion as the open interest approaches a massive $60 billion, according to BitMine's latest report.
In a significant development for the cryptocurrency market, BitMine Immersion has amassed a substantial amount of Ethereum (ETH), positioning itself as one of the largest institutional holders of ETH globally.
According to recent reports, BitMine has accumulated approximately 1.5 million ETH, valued around $6.6 billion as of August 2025. This represents about 5% of Ethereum’s circulating supply.
Accelerated Accumulation
BitMine's Ethereum accumulation spree has accelerated during price dips, including a recent $1.7 billion purchase over one week and an additional $220 million during the latest price decline below $4,200. These moves reflect a long-term treasury diversification strategy focused on Ethereum’s smart contract ecosystem and DeFi innovations.
Impact on Ethereum Price
BitMine's large-scale accumulation of Ethereum signals strong institutional confidence and demand for ETH, contributing to bullish momentum amid recent market dips. Analysts forecast Ethereum could rise to between $6,000 and $8,000 by year-end, supported by institutional treasury builds like BitMine’s, combined with other factors such as ETF flows and Layer 2 scaling expansions.
However, it's important to note that despite BitMine's buying, broader crypto market volatility has caused some price fluctuations, and BitMine’s stock shows volatility influenced by both crypto movements and occasional profit-taking.
Market Indicators
The recent breakout from the $4,000 support is backed by expanding Bollinger Band width, indicating increasing volatility in favor of buyers. The last five daily candles have all closed in green, signaling strong buying pressure.
However, with Ethereum bulls currently leveraged at record open interest levels near $60 billion, a downturn in market sentiment could trigger rapid liquidations. As of now, ETH open interest has risen 1.25% to $59.47 billion, its highest level yet, while 24-hour trading volume climbed 24.96% to $144.7 billion.
Other Developments
Elsewhere in the Ethereum ecosystem, Best Wallet, an ETH-compatible crypto wallet, has raised over $14 million in its presale. The company aims to become the default gateway for both institutional and retail ETH holders.
Fundamental Global announced its first ETH purchase of 47,331 tokens, just days after launching a $5 billion acquisition fund targeting 10% of Ethereum's total supply.
In the derivatives market, options volume surged 66.14% to $2.37 billion, signaling heightened speculative positioning. Liquidations totaled $130.95 million, split between $56.81 million long positions and $74.14 million shorts.
MACD lines remain well above the zero level, with the blue line (MACD) widening over the signal line, reinforcing bullish momentum. If ETH price closes above $4,360 with sustained volume, the next upside targets sit at $4,500 and all-time highs above the $4,891 mark. On the downside, failure to hold above $4,287 could bring a retest of the mid-Bollinger Band level at $3,796.
In summary, BitMine’s substantial Ethereum accumulation likely reinforces price support and could drive future upward pressure on ETH, reflecting growing institutional adoption and confidence in Ethereum as a foundational blockchain platform.
Technology plays a crucial role in BitMine's investing strategies, as they employ advanced algorithms to capitalize on price dips and accumulate Ethereum, demonstrating the intertwining of finance and technology in today's crypto market.
The increased popularity and acceptance of Ethereum among institutional investors, such as BitMine, not only bolsters its price but also highlights the potential for technology to drive finance and transform traditional investment landscapes.
