The digital asset company Bit Digital plans to raise $100 million through the issuance of convertible preferred notes to increase its Ethereum treasury. Meanwhile, BitMine Immersion Technologies has expanded its lead as the largest Ethereum treasury company.
Bit Digital stated in a press release on Monday that it is also offering an additional $15 million in notes, with all net proceeds to be used for purchasing more Ethereum (ETH) and for general corporate purposes, "including potential investments, acquisitions, and other business opportunities related to digital assets."
Bit Digital currently holds over 120,000 Ethereum, making it the seventh largest Ethereum treasury company tracked by StrategicEtherReserve. If the fundraising is successful, the company could purchase an additional 23,714 tokens, which would elevate it to sixth place, surpassing the cryptocurrency exchange Coinbase.
Meanwhile, BitMine announced on Monday that it has expanded its treasury holdings to 2.65 million Ethereum, valued at over $11 billion, further extending its lead over the second-largest company, SharpLink Gaming, which holds over 838,000 Ethereum.
StrategicEtherReserve listed September 26 as the latest purchase date for BitMine, when the company acquired 234,000 tokens as part of its long-term goal of holding 5% of the total supply.
BitMine estimates its average purchase price at $4,141 per Ethereum. According to CoinGecko data, the token is currently trading at $4,221.
BitMine Chairman Tom Lee stated that the current price of ETH is a "discount price for the future," predicting that the last few months of 2025 will see the formation of two super cycles—cryptocurrency and artificial intelligence—both of which "require a neutral public blockchain," making Ethereum the "preferred" choice.
"We continue to believe that Ethereum is one of the largest macro trades for the next 10-15 years," Lee said.
Jan van Eck, CEO of investment management firm VanEck, made similar comments in August, as the company offers Ethereum-based exchange-traded funds (ETFs). He predicted that financial services would adopt blockchain for stablecoin transactions and believes Ethereum will be the preferred platform.
Institutions have been steadily acquiring Ethereum throughout 2025, with the total holdings of treasury companies and ETFs exceeding 11.8 million tokens, accounting for nearly 10% of the total supply.
In August, Vivek Raman from Etherealize told Cointelegraph that the "healthy competition" among companies acquiring Ethereum could trigger DeFi Summer 2.0, "but on an institutional scale, bigger is better."
Meanwhile, David Grider, a partner at venture capital firm Finality Capital, predicted in a July X post that the prosperity of Ethereum treasury companies "should be favorable for ETH traffic and price trends, similar to the impact of Strategy on Bitcoin."
Related: Strategy increases its Bitcoin holdings by $22 million, now holding over 640,000 BTC
Original article: “BitMine announces its Ethereum treasury holdings expanded to 2.65 million, Tom Lee says ETH is trading at a ‘future discount price’”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
