BitMine tightens grip on Ethereum with 82K ETH buy

BitMine announced the acquisition of 82,353 ETH ￰0￱ company now holds 3.4 million ETH, worth over $12 ￰1￱ amount accounts for around 2.8% of all circulating ￰2￱ the release, BitMine stated that its total assets are worth $13.7 ￰3￱ assets include crypto, cash holdings, plus ￰4￱ company holds 192 bitcoins, while its cash holdings stand at $389 ￰5￱ moonshots portfolio includes a stake in Eightco Holdings (ORBS) worth $62 ￰6￱ is close to its Alchemy of 5% goal BitMine, as previously mentioned, now controls 2.8% of the total circulating Ethereum ￰7￱ company is at the halfway point toward its goal, known as the “Alchemy of 5%.” BitMine announced its “Alchemy of 5%” plan in March and has been accumulating Ethereum aggressively since ￰8￱ on a Cryptopolitan report , the firm acquired 27,316 ETH worth $113 million from BitGo ￰9￱ month, the crypto treasury company purchased a total of 662,169 ￰10￱ firm now leads other crypto treasury companies in terms of crypto NAV per ￰11￱ also maintains a high trading volume for its stock, ￰12￱ to data from Fundstrat, BMNR is the 60th most-traded stock in the United States, ahead of Marvell Technology and right behind ￰13￱ has an average daily trading volume of $1.5 billion. 🧵 BitMine provided its latest holdings update for Nov 3rd, 2025: $14.2 billion in total crypto + “moonshots”: -3,395,422 ETH at $3,903 per ETH (Bloomberg) – 192 Bitcoin (BTC) – $62 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and… — Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 3, 2025 BitMine’s stock, BMNR, is popular among institutional investors such as ARK Invest, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy ￰14￱ Lee, chairman of BitMine, is a big supporter of the firm’s plan of amassing 5% of ￰15￱ said, “Ethereum fundamentals continue to strengthen at an accelerating pace, with stablecoin supply on ETH rising >15% in the past 8 weeks and application revs reaching an all-time high.” Lee explained that in crypto, price leads fundamentals, and sometimes fundamentals take over, “but price converges higher.” He said that the recent market crash, which wiped out over $19 billion from crypto markets, is a health ￰16￱ added, “the liquidation event sets the stage for price and fundamentals to eventually ￰17￱ shares are down by 8.12% Despite the positive news, BMNR shares dropped more than 8.12% on Monday due to a wider market ￰18￱ stock closed trading at $42.86, based on Yahoo Finance ￰19￱ has a year-to-date (YTD) return of positive 491.17%.

BitMine ranks first among Ethereum treasury firms based on data from ￰20￱ company is way ahead of SharpLink, which ranks second with 859,853 Ether in its ￰21￱ is the second biggest digital asset treasury (DAT) in the ￰22￱ Inc (MSTR) takes first place with 640,808 bitcoins worth about $71 ￰23￱ a premium crypto trading community free for 30 days - normally $100/mo.