BitMine Boosts ETH Treasury to 3.5M ETH; Shares Up 6%

Published: 2025-11-10 19:05:53 |

BitMine’s ETH treasury strategy accelerated with the purchase of 203,800 ETH for roughly $800M followed by an additional 110,288 ETH ($400M) amid recent market dips. These acquisitions raised its total Ethereum holdings to about 3.5M ETH—valued at over $13B and representing 2.9% of the network supply and more than half of its 5% accumulation goal. As the world’s largest corporate Ethereum treasury, BitMine’s ETH treasury drove its shares up 6%-8%, with daily trading volumes climbing to $1.6B–$2.1B. Traders see this aggressive accumulation as a bullish indicator for ETH and broader crypto assets.

Bullish

BitMine’s large-scale ETH purchases bolster price support and buying pressure, particularly during market dips, which can drive short-term gains. The surge in its stock price and trading volumes indicates strong institutional liquidity flowing into ETH. Over the long term, establishing the world’s largest corporate ETH treasury signals sustained institutional demand, likely attracting further capital to ETH and related crypto equities, underpinning continued upward momentum.