- BitMine boosts stock sale limit to $24.5B for Ethereum purchases.
- Company targets control of 5% of the ETH supply.
- Strategy mirrors leading bitcoin treasury firms.
BitMine is seeking to raise $24.5 billion, which is an indication that the digital asset mining company will enlarge its capacity to sell stock significantly. The project is outlined by the additional prospectus through which it considerably raises the amount admitted within its sale contract. This will consist of the seen $2 billion as stated in the prospectus, $2.5 billion in the previous supplement, and another $20 billion as stipulated in the new filing.
BitMine Targets Bigger Ethereum Share Amid Price Surge
The company plans to use the proceeds to buy additional Ethereum (ETH), an aggressive treasury accumulation strategy. The current holdings are around 1.15 million ETH tokens, which are worth about 4.96 billion. This is one percent of all tokens available. Long-term vision is to dominate approximately five percent of the worldwide Ethereum supply.
Breaking: Ethereum treasury company BitMine released a supplementary prospectus stating that they are increasing the total amount of Common Stock that may be sold under the Sales Agreement to up to $24.5 billion, comprising of up to $2.0 billion under the Prospectus, $2.5 billion… pic.twitter.com/SGLTpnq5O4
— Wu Blockchain (@WuBlockchain) August 12, 2025
The firm’s stock increased in value by up to five percent after the news and the simultaneous rise in the price of Ethereum. The cryptocurrency has appreciated to over $4,400 recently and more than 50% in the last month.
Expansion Mirrors Bitcoin Treasury Playbook
The management approach that BitMine has adopted is not so different from the ones adopted by prominent bitcoin treasury companies. These businesses also raise capital through issuing stock and purchasing and holding cryptocurrency in their balance sheets. The firm of Michael Saylor’s popularity of the model was made by a company that had gathered considerable volumes of bitcoin over several years.
Tokens held by other companies dedicated to Ethereum, i.e, Coinbase, have massive stakes as well. Coinbase is a custodian of more than 100 thousand ETH, which comprises a value exceeding $500 million, and controls a large transaction processing chain in this network.
The positive market mood and the growing use of the asset in the stablecoin market drive the bank-like influx of companies buying Ethereum. The network is now a popular avenue of stablecoin issuance, further increasing demand for its indigenous token.
Market Momentum Fuels Aggressive Growth Plans
The new increase increases BitMine’s stock issuing facilities by five times that of previous approvals. The first deals with Cantor Fitzgerald and ThinkEquity, which permitted the organization to sell up to $2 billion of its stock, and later agreements raised the figure to $4.5 billion. The latest submission to the Securities and Exchange Commission raises the limit to $24.5 billion.
It can also use the proceeds to fund possible bitcoin acquisitions and expansion of operations in mining and consulting. According to market analysts, it would also add more diversity to the crypto exposure of the company, in addition to enhancing its treasury strength.
The recent Ethereum price surge to above the price of $4,350 is its highest level since 2021, as more optimism is witnessed in digital assets. Although bitcoin has improved by a small margin in the last month, Ethereum has recorded a higher price strength that has captured the attention of more retail and institutional investors.
