Particle.news
Download on the App Store
9 ARTICLES
·
4h ago

BitMine Buys ETH Dip as Treasury Tops 3 Million Tokens, Reaching 2.5% of Supply

The company said it seized a weekend selloff triggered by record liquidations to speed its drive toward a 5% share of ether.

Image
Image
Tom Lee’s BitMine surpasses 50% of its goal to hold 5% of the Ethereum supply
Bitmine reaches 3m eth tokens in ongoing accumulation

Overview

  • BitMine disclosed purchasing 202,037 ETH over the past few days, lifting its holdings to approximately 3.03 million ETH, or about 2.5% of the network’s supply.
  • The firm framed the move as buying into weakness following roughly $19 billion in forced liquidations tied to new U.S. tariff threats on China that sent ETH briefly below $3,700 before a rebound.
  • Blockchain watchers flagged large withdrawals that likely correspond to BitMine’s activity, though major analytics platforms have not formally tagged the wallets.
  • With more than 3 million ETH, BitMine is described as the largest publicly traded Ethereum treasury and the second-largest public crypto treasury after Strategy.
  • Beyond ether, BitMine reported 192 BTC, about $104 million in cash, and a $135 million equity stake in Eightco, while BMNR shares ranked among the most heavily traded and rose in pre-market trading Monday.