Bit Digital plans to raise $100 million through a senior note offering to boost its Ether treasury. The company currently holds over 120,000 Ether, making it the seventh-largest Ether treasury company. If successful, the raise could push Bit Digital up to the sixth spot on the list. Source: Bit Digital

BitMine Immersion Technologies expands its lead as the largest Ether treasury company, now holding 2.65 million Ether valued at over $11 billion. The company acquired 234,000 tokens on Sept. 26, aiming to hold 5% of the total supply. BitMine estimates its average purchase price at $4,141 per Ether. Source: BitMine

BitMine Chairman Tom Lee sees ETH’s current price as a discount, predicting two supercycles by the end of 2025 that will favor Ethereum. He believes Ethereum is the premier choice for the future of blockchain, especially in finance and AI applications. Institutional adoption of Ethereum could drive the price higher. Source: BitMine

Institutions have acquired over 11.8 million Ether, nearly 10% of the total supply, through treasury companies and ETFs in 2025. This steady accumulation could lead to a DeFi Summer 2.0 on an institutional scale. Experts predict a positive impact on ETH price similar to MicroStrategy’s effect on Bitcoin. Source: BitMine

Read more at Cointelegraph: BitMine Grows Holdings, Bit Digital Eyes $100 Million Raise