The growing role of Ethereum in corporate finance is becoming increasingly evident. Companies like BitMine Immersion and BTCS Inc. are actively accumulating this cryptocurrency.
BitMine Immersion Doubles Down on ETH
BitMine Immersion has announced that it now holds approximately **163,000 ETH**, valued at over **$500 million**. This figure far exceeds its previous **$250 million private raise**. The company stated that this is part of a broader **Ethereum treasury strategy**, aimed at leveraging ETH's liquidity and decentralized finance (DeFi) potential. BitMine’s aggressive ETH accumulation positions it among the top corporate holders of this digital asset.
BTCS Inc. Increases ETH Holdings by 221%
**BTCS Inc.** disclosed it holds **29,122 ETH** as of **July 11**, marking a **221% increase** since the end of 2024. Its combined **crypto and cash assets** are now valued at **$96.3 million**, reinforcing its strong commitment to digital asset investments. BTCS has been positioning itself as a blockchain infrastructure company with significant exposure to Ethereum.
The Future of Ethereum in Corporate Finance
Both announcements indicate a maturing landscape where Ethereum is not just viewed as a tech platform but also as a **treasury-grade asset**. As institutional players continue to diversify their crypto exposure, the appeal of Ethereum is likely to grow, particularly due to its evolving ecosystem, staking rewards, and decentralized finance infrastructure.
With companies like BitMine and BTCS leading the way in accumulating Ethereum, the cryptocurrency could soon join Bitcoin as a standard part of corporate treasury strategies.
