BitMine Goes on ‘$827M Aggressive’ ETH Buying Spree After Crypto Market Crash

BitMine Immersion Technologies has launched one of the largest Ethereum accumulation moves in corporate history, purchasing over $827 million worth of ETH during the recent crypto market ￰1￱ company, which already holds the world’s largest Ethereum treasury, stated that the acquisition added 202,037 ETH to its reserves, bringing its total to 3,032,188 ETH, approximately 2.5% of Ethereum’s circulating ￰2￱ aggressive buying spree came amid a weekend market sell-off that saw more than $19 billion in leveraged positions ￰3￱ 1.66 million crypto traders were liquidated as the market experienced a sharp downturn, wiping out $19.33 billion in positions. #Trump #Bitcoin ￰0￱ — ￰4￱ (@cryptonews) October 11, 2025 Over 1.6 million traders were wiped out in 24 hours, according to CoinGlass data , as Bitcoin and Ethereum recorded $5.38 billion and $4.43 billion in long liquidations, ￰5￱ broader market’s total capitalization dropped by over 9% to $3.8 trillion, with Bitcoin briefly plunging below $102,000.

Tom Lee Says Ethereum Entering ‘Supercycle’ as BitMine Nears 5% of ETH Supply BitMine’s latest purchase lifted its total crypto and cash holdings to $13.4 billion as of October 12, including $12.9 billion in crypto assets and “moonshot” ￰6￱ company’s portfolio now includes 3,032,188 ETH, valued at $4,154 per token, 192 BTC, worth approximately $22 million, a $135 million equity stake in Nasdaq-listed Eightco Holdings, and $104 million in unencumbered ￰7￱ provided its latest holdings update for Oct 13, 2025: $12.9 billion in total crypto + "moonshots": – 3,032,188 ETH at $4,154 per ETH (Bloomberg) – 192 Bitcoin (BTC) – $135 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and – unencumbered… — Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 13, 2025 BitMine’s chairman, Tom Lee of Fundstrat, sai d the company took advantage of the temporary market dislocation caused by the liquidation cascade.

“Volatility creates deleveraging, and this can cause assets to trade at substantial discounts to fundamentals,” Lee said. “We acquired over 200,000 ETH during the downturn, moving more than halfway toward our goal of owning 5% of the total ETH supply.” Lee also reiterated his view that Ethereum is entering what he calls a “Supercycle,” driven by artificial intelligence and the financial sector’s increasing integration with ￰8￱ published Lee’s keynote from the Token2049 conference in Singapore as part of its October Chairman’s Message, in which he outlined the company’s long-term thesis for Ethereum accumulation. BitMine’s rapid expansion has positioned it as the largest Ethereum holder globally and the second-largest public crypto treasury overall, behind Michael Saylor’s Strategy Inc.

(MSTR), which controls 640,250 BTC valued at roughly $73 ￰9￱ now ranks ahead of other central Ethereum treasuries, including SharpLink and The Ether Machine, which hold 838,730 ETH and 496,710 ETH, respectively, according to SER data .) trading volume. However, BitMine’s share price has not been immune to volatility, falling 11% over the past week following a short position taken by Kerrisdale Capital, which questioned the sustainability of the company’s business model.) October 11, 2025 Technical indicators indicate that ETH is holding above support near $3,720, the 23.6% Fibonacci retracement level, suggesting a potential near-term reversal if resistance around $4,050–$4,300 is broken.

Meanwhile, renewed commentary from Rich Dad, Poor Dad author Robert Kiyosaki has drawn fresh attention to Ethereum’s dual role as a store of value and functional ￰10￱ warned of a looming financial reset and described Ethereum and silver as “hot, hot, hot,” arguing that both combine industrial utility with scarcity.