Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy

BitMine Immersion Technologies has added nearly $70 million worth of Ethereum to its holdings, pushing the company’s ETH stash to a value near $8.66 ￰0￱ Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Based on reports, the purchases were made through Galaxy Digital’s over-the-counter desk and arrived in several chunks rather than a single ￰1￱ Broken Into Four Tranches The recent buys were split into four settlements: 3,247 ETH ($14.50 million), 3,258 ETH ($14.6 million), 4,494 ETH ($20 million), and 4,428 ETH ($19.75 million). That totals about 15,427 ETH, which sums to roughly $69 million at the prices ￰2￱ to public trackers cited in the coverage, these were likely coordinated OTC trades designed to avoid moving the spot ￰3￱ LEE IS BUYING EVEN MORE $ETH Tom Lee’s Bitmine just bought another $69M of ETH from Galaxy ￰4￱ now hold $8.66 BILLION of ETH.$BMNR is bullish on $ETH.

pic. twitter. com/t9BWh9btPR — Arkham (@arkham) September 19, 2025 How Much Of Ethereum Does BitMine Hold Reports have disclosed that BitMine now holds about 1.95 million ￰5￱ holding is valued at about $8.66 billion using the same pricing used in the ￰6￱ tracking corporate treasuries say that corporate and institutional ETH reserves together amount to a few percent of circulating supply, and BitMine is listed among the largest single ￰7￱ figures can look large when compared with total ETH supply, but the share depends on which supply measure is used — circulating, staked, or otherwise ￰8￱ Mechanics Behind The Move Buying large amounts on OTC desks is common for public companies and big ￰9￱ reduces slippage and keeps big orders off public order ￰10￱ ETH here moved without obvious price ￰11￱ transfers were visible on chain; the private terms of OTC trades usually remain ￰12￱ on reports citing blockchain trackers like Arkham, the on-chain flows matched the size and timing described.

Risk, Accounting And Strategy Holding vast amounts of a volatile token carries real risks. A sharp fall in ETH would hit BitMine’s balance ￰13￱ the same time, steady accumulation signals a clear strategic bet on future ￰14￱ observers compare this approach to other firms that hold crypto as part of their corporate treasury, and regulators and accountants will watch how such holdings are reported in quarterly ￰15￱ Reading: Backed By CZ, Aster Token Ignites With 1,650% First-Day Rally Corporate Accumulation Goes Big Some details remain ￰16￱ cite Arkham and Strategic Ether Reserve as the primary sources, but OTC trades do not reveal full pricing details and the exact terms are often ￰17￱ those settlements happen off-exchange, public records show transfers but not every pricing ￰18￱ holders’ activity tends to attract extra attention when ETH moves sharply up or ￰19￱ on these numbers, the move is one more sign of large corporate accumulation of ￰20￱ image from Unsplash, chart from TradingView