Notably, the company launched its treasury strategy on June 30, growing from zero to over 1 million ETH in a little over a month.
BitMine filed an amendment to expand its at-the-market equity program by $20 billion to fund continued acquisitions.
The aggressive strategy has driven significant stock performance, with shares surging up to over 1,100% and an average daily trading volume of $2.2 billion, ranking it 25th among all US-listed stocks.
The rapid accumulation could be a sign of growing institutional recognition of Ethereum as foundational infrastructure for future financial systems.
The corporate broad view could align with BitMine’s understanding that staking ETH secures the network and generates yield while aligning firms with Ethereum’s long-term success.
