Key Insights:
- The United States is taking another step towards a regulatory overhaul with the passage of the Crypto Market Structure Bill.
- BitMine has recently acquired 45,759 ETH for an aggregate value of approximately $150 million, resulting in BitMine owning 4,373,927 ETH total.
- American Bitcoin recently surpassed 6,000 BTC traded on the Nasdaq within six months after American Bitcoin began trading on the Nasdaq.
- Last week has seen US corporations expanding their crypto reserves as federal regulators have advanced a new market structure for the cryptocurrency industry.
Crypto Market Structure Bill developments coincided with large digital asset purchases by two U.S. public companies. The developments in Washington came as BitMine was reported to have made a large purchase of Ethereum, and American Bitcoin was reported to have surpassed 6,000 in reserves.
Crypto Market Structure Bill Moves Toward Final Stage
Watcher. Guru report from the has revealed that CFTC Chair reports that regulatory enforcement has come to an end for crypto. This statement represents a major change in the way the federal government will approach regulating crypto.
A posting indicated that the Clarity Act (Crypto Market Structure Bill) is getting very close to being signed into law. The Chair of the CFTC, Michael Selig, stated on Fox Business that the legislation is on the verge of being passed into law.
The bill will clarify the level of oversight the CFTC and SEC have over crypto. The bill also defines how crypto exchanges will operate while under federal regulation.
President Trump has indicated that the bill will pass shortly. Nearly all market participants are keeping a very close watch on the bill now as the legislative process is coming to an end.
BitMine Expands Ethereum Holdings During Market Dip
Watcher. Guru reported that BitMine Immersion Technologies has acquired approximately $91 million worth of ETH, representing a total of 45,759 ETH, by using the New York Stock Exchange-listed firm’s average purchase price for the tokens of approximately $1,998/ETH.
The total amount of Ethereum owned by Bitmine has increased to 4,371,497 ETH, which represents approximately 3.6% of the current circulating supply.
The report indicated that a total of 3,040,000 ETH is being staked for yield generation. The company’s Chairman is Tom Lee, who has indicated that this is a long-term strategy through the 2026 downturn based upon the similarities with the Bitcoin accumulation strategy of MicroStrategy.
The average price of ETH purchased by BitMine is $3,821. Bitmine is reporting more than $8 billion in unrealized losses at this time, and yet the company continues to accumulate and stake ETH. The company’s shares have risen 503% in 2025 as of this report.
American Bitcoin Surpasses 6,000 BTC
According to a tweet from American Bitcoin, the company has reached a milestone of over 6,000 BTC in public reserves, which it achieved in less than six months after going public on Nasdaq on September 3rd, 2025.
The firm also noted that there has been an 11% decrease in Bitcoin’s network difficulty, which is expected to add approximately one additional BTC per day to their mining production.
American Bitcoin mentioned their at-the-market equity program and how they will continue using this structure going forward to dollar-cost average.
Additionally, they stated they mine Bitcoin through their initiatives rather than just purchasing it at the current market prices, and described this approach as steady stacking and transparent accumulation.
Based on the report, the total value of these reserves is over $400 million. American Bitcoin has moved up from the 30th largest corporate holder of Bitcoin to the 18th largest.
Regulatory Shift Aligns With Corporate Accumulation
The momentum of the Crypto Market Structure Bill coincides with increasing US Treasury deposits by public cryptocurrency companies as they work through issues with regulation and continue to develop accumulation strategies.
While moving forward legislatively with the Crypto Market Structure Bill, many companies are also continuing to expand their Bitcoin and Ether reserves. Market participants are watching both developments closely.
Conclusion
As federal regulators shift towards a new path, the Crypto Market Structure Bill is almost done with the process of getting passed into law. Likewise, BitMine and American Bitcoin are both growing their digital assets rapidly. Together, these two aspects, regulatory progress and corporate collection of crypto, are helping to shape the current landscape of cryptocurrency in the United States.
