
{"id":87974,"date":"2025-08-13T04:49:37","date_gmt":"2025-08-13T04:49:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=87974"},"modified":"2025-08-13T04:49:37","modified_gmt":"2025-08-13T04:49:37","slug":"ethereum-tops-4600-as-bitmine-eyes-20b-eth-treasury","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=87974","title":{"rendered":"Ethereum Tops $4,600 as BitMine Eyes $20B ETH Treasury"},"content":{"rendered":"<p>Ether prices have surged to their highest levels for almost four years, tapping $4,625 during Asian trading early on Wednesday morning.<\/p>\n<p>The asset has continued to build momentum and is now up a whopping 54% over the past month and 27% over the past week. Meanwhile, the latest move has taken it to within 5.3% of its 2021 all-time high of $4,878, according to CoinGecko.<\/p>\n<p>Ethereum\u2019s market capitalization is now $552 billion, which ranks it 18th in terms of corporations and around $100 billion below credit giant Visa.<\/p>\n<h2>BitMine Plans $20B Raise<\/h2>\n<p>Crypto analysts are predicting a parabolic move for Ether, which could push prices into five figures this market cycle.<\/p>\n<p>Chart patterns mirror the 2016\/2017 market cycle when \u201cpure retail mania\u201d was driving gains, observed analyst \u201cMerlijn The Trader,\u201d who added, this time it is retail plus Wall Street plus \u201cunstoppable global adoption.\u201d<\/p>\n<p>Ethereum is running the 2016\u20132017 playbook.<\/p>\n<p>Last time: pure retail mania.<br \/>\nThis time: retail + Wall Street + unstoppable global adoption.<\/p>\n<p>When <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$ETH<\/a> breaks, it won\u2019t wait.<br \/>\nBe in\u2026 or be exit liquidity. <a href=\"https:\/\/t.co\/UX89fcZiA0\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/UX89fcZiA0<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1955283141184327823?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 12, 2025<\/a><\/p>\n\n<p>Momentum is being driven by Ethereum treasury companies, and the <a href=\"https:\/\/cryptopotato.com\/tom-lees-bitmine-becomes-first-ethereum-treasury-to-accumulate-1000000-eth\/\">world\u2019s largest one<\/a>, BitMine Immersion Technologies, has just <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1955239708167942176\" target=\"_blank\" rel=\"noopener\">filed<\/a> a prospectus with the SEC to raise an additional $20 billion through sales of common stock.<\/p>\n<p>Prior to this update, Tom Lee\u2019s firm reported that it had already completed sales under the program totaling roughly $4.5 billion.<\/p>\n<p>BitMine, which already holds almost 1.2 million ETH worth around $5.3 billion, is expected to channel the proceeds into more ETH accumulation.<\/p>\n<p>$20 billion would equate to more than 4 million ETH at current market prices. Analysts have already <a href=\"https:\/\/x.com\/rektfencer\/status\/1955300669868355690\" target=\"_blank\" rel=\"noopener\">started<\/a> to say that $15,000 per ETH is \u201calready programmed.\u201d<\/p>\n<h2>Ether ETFs On Fire<\/h2>\n<p>This immense buying pressure has only been matched by spot Ether ETFs, as retail has been largely absent from this rally.<\/p>\n<p>ETH ETFs have seen another massive inflow day following their <a href=\"https:\/\/cryptopotato.com\/blackrock-buys-150000-eth-etfs-see-record-1-billion-in-inflows\/\">record $1 billion inflow<\/a> on Monday, driven by BlackRock\u2019s record $640 million inflow.<\/p>\n<p>Tuesday saw another $523 million inflow and the fifth-best day since the products launched. Around $2.3 billion has entered the products over the past five trading days.<\/p>\n<p>\u201cSince the beginning of July, spot ETH ETFs have taken in nearly $1.5 billion more than spot BTC ETFs,\u201d observed industry expert Nate Geraci, who added that this was a \u201cnotable shift.\u201d<\/p>\n<p>Another half bil into spot eth ETFs\u2026<\/p>\n<p>5th best day since launch.<\/p>\n<p>Now $2.3bil over past 5 trading days.<\/p>\n<p>Since beginning of July, spot eth ETFs have taken in nearly $1.5bil more than spot btc ETFs.<\/p>\n<p>Notable shift.<\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1955451240567259344?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 13, 2025<\/a><\/p>\n\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ethereum-tops-4600-as-bitmine-eyes-20b-eth-treasury\/\">Ethereum Tops $4,600 as BitMine Eyes $20B ETH Treasury<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ether prices have surged to their highest levels for almost four years, tapping $4,625 during Asian trading early on Wednesday morning. The asset has continued to build momentum and is now up a whopping 54% over the past month and 27% over the past week. Meanwhile, the latest move has taken it to within 5.3% [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":87975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87974"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87974"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87975"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}