{"id":41865,"date":"2025-08-13T05:02:07","date_gmt":"2025-08-13T05:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41865"},"modified":"2025-08-13T05:02:07","modified_gmt":"2025-08-13T05:02:07","slug":"ethereum-tops-4600-as-bitmine-eyes-20b-eth-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41865","title":{"rendered":"Ethereum Tops $4,600 as BitMine Eyes $20B ETH Treasury"},"content":{"rendered":"<div>\n<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 $20B Raise<\/h2>\n<p>Crypto analysts are predicting a parabolic move for Ether, which could push prices into five figures this market cycle.<\/p>\n<p>Chart patterns mirror the 2016\/2017 market cycle when \u201cpure retail mania\u201d was driving gains, observed analyst \u201cMerlijn The Trader,\u201d who added, this time it is retail plus Wall Street plus \u201cunstoppable global adoption.\u201d<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Ethereum is running the 2016\u20132017 playbook.<\/p>\n<p>Last time: pure retail mania.<br \/>\nThis time: retail + Wall Street + unstoppable global adoption.<\/p>\n<p>When <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> breaks, it won\u2019t wait.<br \/>\nBe in\u2026 or be exit liquidity. <a href=\"https:\/\/t.co\/UX89fcZiA0\" data-wpel-link=\"external\" target=\"_blank\">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\" data-wpel-link=\"external\" target=\"_blank\">August 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/\" data-wpel-link=\"internal\">world\u2019s largest one<\/a>, BitMine Immersion Technologies, has just <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1955239708167942176\" data-wpel-link=\"external\" target=\"_blank\">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\" data-wpel-link=\"external\" target=\"_blank\">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\/\" data-wpel-link=\"internal\">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<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">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\" data-wpel-link=\"external\" target=\"_blank\">August 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","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":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41865","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41865"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41865\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}