Bitmain Buys Nearly 140,000 ETH, Boosting Holdings to 1.72M

Published: 2025-08-26 03:05:24 |

Bitmain has executed two major institutional Ethereum purchases—135,135 ETH (~$600 m) via FalconX, Galaxy Digital and BitGo, followed by 4,871 ETH (~$21.3 m) on FalconX. These deals raise its total Ethereum holdings to about 1.72 million ETH (roughly $7.6 bn). The acquisitions highlight growing institutional investment in Ethereum and the broader smart-contract ecosystem. As Bitmain expands beyond Bitcoin mining hardware, it can deploy ETH under the network’s Proof-of-Stake model to earn staking rewards and support DeFi, NFTs and Web3 projects. Large-scale buys like these tend to drive bullish Ethereum sentiment. Traders may view Bitmain’s clear vote of confidence as a signal to increase exposure to ETH.

Bullish

Bitmain’s sizeable Ethereum purchases increase demand and signal strong institutional confidence, which typically drives bullish price momentum. In the short term, these large buys can tighten supply and push ETH prices higher. Over the long term, continued accumulation and staking activity under Ethereum’s PoS model support sustained growth in network value and market interest.