Institutional demand for ETH surges as BitMine and SharpLink expand treasury reserves
The corporate race to secure Ether is accelerating, with major players announcing multi-billion-dollar funding initiatives aimed at increasing their holdings. BitMine Immersion Technology, the largest corporate Ether holder, is seeking to raise $24.5 billion through a new at-the-market stock offering, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The proceeds are intended primarily for acquiring additional ETH as the cryptocurrency approaches its all-time high.
On the same day, SharpLink, a leading crypto treasury management firm, confirmed it had raised $389 million from a private stock sale to institutional investors. The company stated that the majority of the funds will be directed toward purchasing Ether, while a portion will support working capital, operating expenses, and affiliate marketing operations.
Data from StrategicEthReserve shows BitMine currently holds 1.2 billion ETH valued at $5 billion, making it the single largest corporate Ether holder. SharpLink ranks second, with 598,000 ETH worth $2.64 billion. Combined, the two firms account for a substantial portion of corporate Ether reserves, reflecting a rapidly expanding institutional footprint in the ETH market.
BitMine has previously disclosed ambitions to acquire up to 5% of Ether’s total supply, underscoring the scale of its long-term strategy. SharpLink’s SEC records indicate it has raised roughly $1.4 billion in gross proceeds from more than 71.5 million shares sold to date.
Price Momentum Fueled by Corporate Demand
Ether has climbed over 21% in the past week, trading around $4,408 at the time of writing. Analysts point to growing corporate adoption as a key driver, with institutional buyers helping to tighten available supply and push prices toward record highs.
With corporate crypto treasury holdings surpassing $100 billion, the Ether market appears poised for further growth — and BitMine’s ambitious capital raise may be a decisive catalyst.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.