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BitMine Lifts Ethereum Treasury to 3.03 Million ETH With Fresh $281 Million Purchase

On-chain data points to prime-broker transfers, with no formal confirmation from BitMine.

Overview

  • Multiple trackers report a new 72,898 ETH buy worth about $281 million, taking BitMine’s holdings to just over 3.03 million ETH, or roughly 2.5% of supply.
  • Lookonchain, Arkham, and BMNR Bullz attribute recent inflows to transfers from FalconX, BitGo, and Kraken, though some reported transactions lack fully public attribution.
  • Post-crash accumulation totals about 379,271 ETH across three reported tranches valued near $1.5 billion, including earlier 202,037 ETH and 104,336 ETH moves.
  • The buying followed a sharp market correction that triggered more than $1 billion in liquidations, with ETH rebounding after dipping into the mid-$3,000s.
  • Coverage highlights growing institutional footprints and valuation tension as DATs trade near or below NAV, with institutional treasuries and ETFs reported above 12.8 million ETH and BitMine previously signaling a multi‑percent supply goal.