Bitmine is pulling in over 1 million ETH for crypto payroll and Web3 banking, so let’s take a look at what’s happening.
The 1 Million ETH Strategy
Bitmine Immersion Technologies has become the first company to accumulate more than a million ETH for its treasury. In fact, as of August 2025, they announced that their ETH had surpassed 1.15 million tokens worth around $4.9 billion. That’s a big jump of 317,126 ETH in just one week. This is all about Bitmine’s treasury strategy.
So they hold 34% of the total ETH treasury among 12 companies doing this. It’s also no surprise that their aggressive accumulation is stabilizing ETH price and reinvigorating institutional interest.
Regulatory Implications
The regulatory implications for crypto payroll for startups are obvious. Bitmine’s ETH treasury strategy is a big deal for the regulatory landscape for crypto startups. Raising up to $20 billion through the sale of stock to buy more ETH and stake tokens for yield definitely raises eyebrows.
So regulators in Asia might just be tasked with clarifying or tightening rules around crypto treasury management. Startups are likely not going to have the luxury of staying in the shadows. This could lead to higher compliance demands overall, which could mean the end of a “wild west” era for these firms.
Monopolies: Good or Bad?
The rise of crypto mass payouts raises questions about monopolistic behavior. Small to mid-sized companies are really going to be at a disadvantage against the likes of Bitmine as they will control transaction fees and scalability.
But smaller firms can focus on decentralization and interoperability, or provide niche services not offered by larger treasuries. The best bet would be to work together within DAOs to scale and gain influence without centralizing.
Web3 Banking Enters the Fray
Inspired by Bitmine, innovative banking solutions for DAOs are now emerging. These are focused on digital wallets that also offer trading and lending services, bringing DeFi benefits alongside traditional banking compliance.
Also, by managing fiat and crypto thoroughly, these new banking solutions improve liquidity, ensure regulatory compliance, and give communities the tools to manage governance effectively.
Crypto Payroll & Mass Payouts
As Bitmine’s ETH accumulation continues to take hold, the crypto payroll trend is now gathering steam. Startups and DAOs are implementing crypto payroll to manage salary fluctuations and streamline mass payouts.
So the new reality is that many tech workers are now advocating for their companies to “pay me in Bitcoin” on social media.
The Bottom Line
Bitmine and this ETH strategy will surely push crypto payroll into the mainstream. The landscape for Web3 banking is also changing. There will be plenty of challenges to navigate, but there are also going to be opportunities for those who are prepared.
