BitMine Immersion Technologies has added almost $70 million price of Ethereum to its holdings, pushing the corporate’s ETH stash to a worth close to $8.66 billion.
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Based on reviews, the purchases had been made by means of Galaxy Digital’s over-the-counter desk and arrived in a number of chunks slightly than a single block.
Purchase Broken Into Four Tranches
The latest buys had been break up into 4 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 on the costs reported. According to public trackers cited within the protection, these had been possible coordinated OTC trades designed to keep away from transferring the spot market.
TOM LEE IS BUYING EVEN MORE $ETH
Tom Lee’s Bitmine simply purchased one other $69M of ETH from Galaxy Digital. They now maintain $8.66 BILLION of ETH.$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 ETH. That holding is valued at about $8.66 billion utilizing the identical pricing used within the protection.
Analysts monitoring company treasuries say that company and institutional ETH reserves collectively quantity to a couple % of circulating provide, and BitMine is listed among the many largest single holders.
The figures can look giant compared with complete ETH provide, however the share is determined by which provide measure is used — circulating, staked, or in any other case locked.
Market Mechanics Behind The Move
Buying giant quantities on OTC desks is frequent for public firms and massive gamers. It reduces slippage and retains huge orders off public order books.
The ETH right here moved with out apparent value spikes. Some transfers had been seen on chain; the personal phrases of OTC trades often stay confidential.
Based on reviews citing blockchain trackers like Arkham, the on-chain flows matched the dimensions and timing described.
Risk, Accounting And Strategy
Holding huge quantities of a risky token carries actual dangers. A pointy fall in ETH would hit BitMine’s stability sheet. At the identical time, regular accumulation alerts a transparent strategic wager on future appreciation.
Market observers examine this strategy to different corporations that maintain crypto as a part of their company treasury, and regulators and accountants will watch how such holdings are reported in quarterly filings.
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Corporate Accumulation Goes Big
Some particulars stay unclear. Reports cite Arkham and Strategic Ether Reserve as the first sources, however OTC trades don’t reveal full pricing particulars and the precise phrases are sometimes personal.
Because these settlements occur off-exchange, public data present transfers however not each pricing particulars. Large holders’ exercise tends to draw additional consideration when ETH strikes sharply up or down.
Based on these numbers, the transfer is yet one more signal of enormous company accumulation of ETH.
Featured picture from Unsplash, chart from TradingView
