Ether Treasury Race Accelerates With $24.5B BitMine Raise, as US Debt Hits $37T: Finance Redefined

The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency.

Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares.

Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity acquired $1.3 billion worth of…