BitMine’s Strategic Move: Ethereum Holdings Surpass 3 Million ETH in Bold Market Positioning
Major Player Doubles Down on Digital Gold
While traditional investors nervously watch market fluctuations, BitMine executes textbook accumulation strategy. The crypto mining giant now controls over 3 million Ethereum tokens—a position that could reshape the entire digital asset landscape.
The Accumulation Game
Market downturns separate strategic players from reactionary ones. BitMine's massive ETH acquisition demonstrates conviction in blockchain's long-term value proposition. Their growing treasury positions them as a dominant force in decentralized finance's infrastructure layer.
Institutional Confidence Meets Market Volatility
This isn't amateur hour portfolio management. The systematic accumulation mirrors traditional finance's dollar-cost averaging—just with more zeros and significantly less paperwork. Because who needs regulatory oversight when you have cryptographic certainty?
As Wall Street analysts debate whether digital assets belong in retirement portfolios, BitMine quietly builds a war chest that could influence Ethereum's governance and ecosystem development for years to come. Sometimes the best investment strategy is simply buying what the panic sellers are desperately unloading.
BitMine provided its latest holdings update for Oct 13, 2025:
$12.9 billion in total crypto + “moonshots”:
– 3,032,188 ETH at $4,154 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $135 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– unencumbered…
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 13, 2025
Ethereum DATs Keep Buying
“The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of,” said Tom Lee of Fundstrat, and chairman of BitMine.
The firm purchased 202,037 tokens over the past few days, pushing its holdings to 3,032,188 ETH. Lee went on to explain how the leverage flushout and volatility caused panic selling and discounts to asset fundamentals.
“Volatility creates deleveraging, and this can cause assets to trade at substantial discounts to fundamentals, or as we say, ‘substantial discount to the future’ and this creates advantages for investors, at the expense of traders.”
Millions of traders were liquidated when markets tanked following insider whales opening massive short positions just before a major announcement from the US President.
BitMine stock (BMNR) surged more than 8% on Monday to reach $56.85 before dipping slightly in after-hours trading. Shares in the firm have soared a whopping 1,200% since it started accumulating Ether in late June.
“The combined trading volume share of BitMine and MSTR [Strategy] is now 88% of all global DAT trading volume,” added Lee.
TOM LEE BOUGHT $834M $ETH
Bitmine has been buying the dip on ETH. They purchased $834M of $ETH over the past week.
Bitmine currently holds $12.52 BILLION of $ETH, over halfway to their goal of owning 5% of ETH supply. pic.twitter.com/MZaE0inQGJ
— Arkham (@arkham) October 13, 2025
The second-largest Ether treasury firm is SharpLink Gaming, which hasn’t bought the dip recently but holds 838,727 ETH worth approximately $3.54 billion, according to SER.
Michael Saylor’s Strategy also made an acquisition last week, scooping up 220 BTC for roughly $27 million.
ETH Price Outlook
Ether prices have continued to recover from an intraday dump to $4,060 to reach $4,285 in late trading on Monday. However, it has retreated back to $4,100 during the Tuesday morning Asian trading session and remains within its range-bound channel. Analysts remain bullish for a Q4 or Q1 2026 rally for ETH into five figures.
In related news, Bhutan celebrated a historic milestone on Monday, becoming the first nation to anchor its national digital identity system on Ethereum.
