Bitcoinminer Bit Digital significantly increases its Ethereum holdings, aiming to acquire 1 billion shares to finance a shift towards Ethereum focus.
In a significant development, BitMine Immersion Technologies [BNMR] has taken the lead as the largest public company holder of Ethereum (ETH), boasting a $2.1 billion trove of the cryptocurrency. This comes as Ethereum was trading at $3,883.86, marking a 1.95% gain in the last 24 hours.
The surge in Ethereum's popularity among institutional investors is driven by several key factors. Since the U.S. approval of spot Ethereum Exchange-Traded Funds (ETFs) in July 2024, these ETFs have attracted massive capital inflows. In just six days in July 2025 alone, $2.39 billion flowed into these ETFs, far outpacing Bitcoin ETF inflows during the same period. BlackRock’s iShares Ethereum Trust (ETHA) has managed an impressive $10 billion within 251 days, fueling institutional demand and liquidity.
Large holders and institutional whales have also been steadily accumulating ETH, purchasing millions of tokens worth billions. Wallets holding between 1,000 and 100,000 ETH increased their holdings by 1.49 million ETH in 30 days, while mega-wallets added 1.13 million ETH in two weeks.
Ethereum's rise is further bolstered by continuous technological upgrades and regulatory clarity. The approval of spot ETH ETFs has removed barriers for traditional financial institutions entering the crypto market via Ethereum. Ethereum's upgrades enhance its performance and scalability, bolstering institutional trust.
Institutional investors and whales are adopting a "buy-and-hold" approach, treating Ethereum as a core strategic asset with exposure correlated to broader financial markets. This strategic positioning has led to Ethereum's integration into diversified portfolios, making it the top institutional bet in the altcoin arena.
Notable institutional investors like SharpLink, BitMine, and Bit Digital are strategically accumulating large ETH holdings as a long-term value bet. Bit Digital, a Nasdaq-listed crypto firm, has shifted its strategic focus from Bitcoin to Ethereum, with its Ethereum reserves significantly increasing. Bit Digital's Ethereum holdings have skyrocketed from 24,434 ETH to over 100,600 ETH in a matter of weeks, placing the company among the top 10 institutional Ethereum holders globally. Bit Digital now trails only major players like SharpLink and BitMine Immersion Tech in terms of Ethereum holdings.
The community sentiment towards Ethereum is overwhelmingly bullish, with 82% of participants expressing an optimistic view about Ethereum's future. This bullish sentiment is further fuelled by Ethereum fending off competition from Solana. Institutional interest in Ethereum is surging, with $452.8 million in ETH ETF inflows tracked by Farside Investors.
Bit Digital has filed a proposal with the U.S. SEC to expand its authorized share capital from 340 million to 1 billion shares, aiming to raise $10 million primarily for Ethereum acquisitions. The shareholder vote for the capital expansion proposal is set for 10 September.
As Ethereum continues to gain ground, it is becoming the top institutional bet in the altcoin arena, fending off competition from Solana and attracting massive institutional interest. The future looks bright for Ethereum, with its strategic positioning, technological advancements, and regulatory clarity creating a favourable environment for long-term value growth.
- BitMine Immersion Technologies [BNMR], due to a $2.1 billion Ethereum (ETH) holdings, has become the largest public company in the crypto space.
- Ethereum's popularity among institutional investors has grown significantly, with inflows into Ethereum Exchange-Traded Funds (ETFs) outpacing those of Bitcoin ETFs.
- Large holders and institutional whales have shown a keen interest in Ethereum, with millions of tokens worth billions being purchased.
- institutional investors are adopting a "buy-and-hold" approach, viewing Ethereum as a core strategic asset with exposure correlated to broader financial markets.
- Amidst growing institutional interest, Ethereum is fending off competition from Solana, with a future promising long-term value growth driven by strategic positioning, technological advancements, and regulatory clarity.
