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Bitmine Immersion Technologies Inc. has reached a four-year price peak, doubling its price in the past two days. The company has unlocked a 3,000% rally after announcing its $250M facility to build an ETH treasury.&nbsp; 
Bitmine was one of the latest treasury companies to unlock a stock rally. In the past two days alone, Bitmine rallied by more than 100%, reaching a price of $135 for the first time since April 2021.&nbsp; 
The latest stock rally launched after Bitmine announced a <a href="https://www.sec.gov/Archives/edgar/data/1829311/000168316825004802/bitmine_ex9901.htm" rel="nofollow noopener" target="_blank">$250M</a> private placement with the goal of acquiring and holding ETH. The price jumped additionally after the closing of the private placement on July 3.&nbsp; 
<figure id="attachment_760100" aria-describedby="caption-attachment-760100" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-760100 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025.png" alt="Bitmine rallies to four-year peak, will it boost ETH prices." width="1325" height="620" srcset="https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025.png 1325w, https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025-300x140.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025-1200x562.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2025/07/BitmineJuly42025-768x359.png 768w" sizes="auto, (max-width: 1325px) 100vw, 1325px">
 <figcaption id="caption-attachment-760100" class="wp-caption-text">
 Bitmine rallied in the past day, following the closing of a $250M private placement deal with the goal of building an ETH treasury. | Source: <a href="https://www.google.com/finance/quote/BMNR:NYSEAMERICAN?window=5D" rel="nofollow noopener" target="_blank">Google Finance</a>
 </figcaption>
</figure> 
Bitmine started out from all-time lows, rising from a $1 mining stock to over $135 in the span of a week. Bitmine continues to rally as the leader to the pack of <a href="https://www.cryptopolitan.com/ethereum-linked-stocks-rise-on-tokenization/">Ethereum treasury stocks</a>, which joined the Bitcoin trend in the past few weeks.&nbsp; 
The growth trend also boosted the shares of Sharplink Gaming, rising further from $9.50 to over $12.60. SBET share prices are still down from their peak, but the recent recovery shows enthusiasm for ETH treasuries remains high. BitDigital, Inc. also rose to a one-month high of $2.94.&nbsp; 
ETH treasuries also allow companies to stake the tokens for additional passive income. Sharplink Gaming has already staked 95% of its ETH valued at over $450M.&nbsp; 
<h3 id="span-style-font-weight-400-bitmine-plans-dual-btc-eth-strategy-span">Bitmine plans dual BTC-ETH strategy</h3> 
Bitmine already holds 154.2 BTC, acquired at prices above $106,000 since June 16. The company has also hidden hashrate that would produce additional BTC inflows in the coming six months.&nbsp; 
Bitmine aims to use its private placement proceeds, along with BTC, to acquire more ETH and build its treasury. The company aims to acquire crypto for long-term holding, from a mix of BTC mining operations or from raising additional capital.&nbsp; 
Bitmine has direct mining operations, contracts in synthetic market, and hashrate as a financial product. Bitmine also works as a mining consultant, while also owning data centers in low-cost locations in Texas.&nbsp; 
<h3 id="span-style-font-weight-400-can-bitmine-reawaken-eth-span">Can Bitmine reawaken ETH?</h3> 
Demand for ETH has risen, based on ETF buying. The recent announcement of corporate treasuries is still not making a dent on the market. ETH remains a speculatively traded asset, with deliberate trading against long positions, leading to a depressed market price trading within a range around $2,500. 
ETH traded at $2,557.21, far from the exuberance of treasury company shares. The token stalled just under $2,700, falling on selling pressure.&nbsp; 
For bullish traders, ETH was supposed to make a hike to $3,000, though for now the rallies are cut short. Ethereum has seen increased staking and on-chain activity, with growing demand for DeFi. The network is slowly regaining its activity, mostly based on stablecoin usage. <a href="https://www.cryptopolitan.com/tether-adds-2b-in-usdt-on-tron/">USDT</a> and USDC drive traffic on Ethereum, as part of both centralized and decentralized activity.&nbsp; 
The recent treasuries are still not buying at the scale of Strategy, which is already affecting the BTC market. However, the appearance of a new wave of altcoin treasury companies may extend the 2025 crypto rally. Companies have already announced SOL and BNB treasuries, but ETH may be a prime candidate for reserves with guaranteed staking rewards. 
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Bitmine rallied to over $135 after announcing ETH treasury

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