{"id":83863,"date":"2025-11-03T18:50:18","date_gmt":"2025-11-03T18:50:18","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2025\/11\/03\/bitmine-doubles-down-on-ethereum-as-eth-holdings-hit-3-4-million\/"},"modified":"2025-11-03T18:50:18","modified_gmt":"2025-11-03T18:50:18","slug":"bitmine-doubles-down-on-ethereum-as-eth-holdings-hit-3-4-million","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2025\/11\/03\/bitmine-doubles-down-on-ethereum-as-eth-holdings-hit-3-4-million\/","title":{"rendered":"BitMine doubles down on Ethereum as ETH holdings hit 3.4 million"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ethereum-wall-street-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ethereum-wall-street-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ethereum-wall-street-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/ethereum-wall-street-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/ethereum-wall-street.png\" alt=\"Ethereum price forecast\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>BitMine buys 82,353 Ethereum tokens as holdings attain 3.4 million.<\/li>\n<li>Crypto and money treasury stands at $13.7 billion.<\/li>\n<li>BitMine hits 2.8% of the focused 5% of the Ethereum provide.<\/li>\n<\/ul>\n<p>BitMine Immersion Technologies, a pacesetter in cryptocurrency mining and superior cooling options, has considerably bolstered its place within the digital asset area.<\/p>\n<p>The firm has <a href=\"https:\/\/coinjournal.net\/news\/ethereum-price-prediction-amid-etf-outflows-and-cpi-anticipation\/\" target=\"_blank\" rel=\"noopener\">revealed<\/a> a considerable improve in its Ethereum (ETH) reserves.<\/p>\n<h2>BitMine ETH holdings hit 3.4 million<\/h2>\n<p>BitMine\u2019s growing dedication to Ethereum is once more evident following one other buy-the-dip transfer.<\/p>\n<p>Despite value declines, the publicly-listed firm has bumped up its holdings to turn into the world\u2019s second-largest company treasury technique.<\/p>\n<p>Thomas Lee of Fundstrat, and chairman of BitMine, famous:<\/p>\n<blockquote>\n<p>\u201cWe increased our cash holdings to $389 million (from $305 million) and acquired 82,353 ETH tokens over the past week pushing our ETH holdings to 3.4 million, or 2.8% of the supply of ETH. We are now more than halfway towards our initial pursuit of the \u2018alchemy of 5%\u2019 of ETH.\u201d<\/p>\n<\/blockquote>\n<p>BitMine now owns 2.8% of the ETH provide, a milestone that sees the corporate surpass the midway mark of the focused 5%.<\/p>\n<p>BitMine has amassed its ETH holdings strategically over the previous a number of months, capitalising on ETH\u2019s low value and rising ecosystem.<\/p>\n<p>When mixed with its Bitcoin reserves of 192 BTC valued at $62 million, and money of $389 million, BitMine\u2019s total crypto and money holdings have surged to $13.7 billion.<\/p>\n<h2>Interest in ETH is rising<\/h2>\n<p>BitMine is amongst a rising variety of publicly listed companies shifting away from their conventional operations, together with cryptocurrency mining, as they diversify in response to broader digital asset adoption.<\/p>\n<p>Wall Street has seen a marked improve in such pivots, with a number of firms aiming to emulate the strategy that established Strategy as the world\u2019s main company crypto treasury.<\/p>\n<p>Analysts notice that BitMine\u2019s transfer, together with related methods by friends, displays rising institutional curiosity within the sector.<\/p>\n<p>The approval of Ethereum exchange-traded funds in 2024 has drawn billions of {dollars} into the asset, whereas company treasury methods \u2014 notably these involving staking in tokens like ETH and SOL \u2014 have emerged as the following part within the digital asset enlargement.<\/p>\n<p>BitMine\u2019s milestone reinforces Ethereum\u2019s enduring attraction, doubtlessly setting a benchmark for peer companies eyeing related diversification.<\/p>\n<p>And Lee says the latest value dip provided a reset that might show key for the Ethereum value.<\/p>\n<blockquote>\n<p>\u201cCrypto suffered its largest ever liquidation event on October 10th, and open interest on ETH (per coinalyze.net fell -45% in the past 8 weeks (the largest ever decline in the history of ETH). This reset is healthy and sets the stage for price and fundamentals to eventually converge,\u201d Lee said.<\/p>\n<\/blockquote>\n<p>Ethereum\u2019s value hovered at $3,622 on November 3, 2025, down 6% prior to now 24 hours and 14% prior to now week.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitmine-doubles-down-on-ethereum-as-eth-holdings-hit-3-4-million\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMine buys 82,353 Ethereum tokens as holdings attain 3.4 million. Crypto and money treasury stands at $13.7 billion. BitMine hits 2.8% of the focused 5% of the Ethereum provide. BitMine Immersion Technologies, a pacesetter in cryptocurrency mining and superior cooling options, has considerably bolstered its place within the digital asset area. The firm has revealed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[13286,3832,288,108,1080,156,84],"class_list":{"0":"post-83863","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-bitmine","9":"tag-doubles","10":"tag-eth","11":"tag-ethereum","12":"tag-hit","13":"tag-holdings","14":"tag-million"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=83863"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83863\/revisions"}],"predecessor-version":[{"id":83864,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83863\/revisions\/83864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/79433"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=83863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=83863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=83863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}