Chain News Today TheBitTimes.com

Tom Lee’s BitMine Immersion Technologies has added to its Ethereum stockpile with another $103.68 million purchase as Fundstrat says the altcoin is poised to surge to $5.5k . BitMine received the 23,823 ETH from BitGo earlier today via the wallet address “”0xF8c … 338E7,” a ccording to an X post by on-chain analytics platform Lookonchain. The purchase brings BitMine’s total ETH treasury to 2,853,974 tokens worth about $12.35 billion, consolidating its position as the largest corporate ETH holder globally. The firm also holds 192 BTC, $113 million in Nasdaq-listed Eightco shares, and $456 million in cash. 🧵 BitMine provided its latest holdings update for Oct 6, 2025: $13.4 billion in total crypto + "moonshots" – 2,830,151 ETH at $4,535 per ETH token – 192 $BTC coins – $113 million Eightco stake (NASDAQ-$ORBS) – unencumbered cash $456 million Ticker: $BMNR… — Bitmine (NYSE-BMNR) $ETH (@Bi...

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Ethereum’s (ETH) climb past $4,600 has been met with a powerful show of confidence from one of Wall Street’s most outspoken crypto advocates. BitMine, linked to Fundstrat co-founder Tom Lee, now holds more than $7.08 billion worth of Ethereum, according to data from on-chain intelligence platform Arkham on Wednesday, August 27. The entity’s 1.538 million ETH makes it one of the single largest corporate treasuries in the crypto space. In the last 24 hours, Bitmine added another $21.3 million in ETH, underscoring its aggressive accumulation strategy. Market trackers suggest the firm is aiming for control of 5% of Ethereum’s total circulating supply, $27 billion at current prices. Ethereum holdings in Bitmine portfolio. Source: Arkham Rotation into Ethereum from Bitcoin The scale of the bet reflects a broader capital rotation unfolding across digital assets. On Tuesday, analysts noted a significant shift from Bitcoin (BTC) into Ethereum, with futures activity, ETF...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...