Bitmine Snaps Up 128K ETH Worth $480 Million in Bold Post-Crash Move

Mining giant makes massive Ethereum acquisition as markets reel—timed perfectly at the bottom or catching a falling knife?

The Strategic Accumulation

Bitmine just deployed $480 million to acquire 128,000 ETH tokens following the recent crypto market collapse. While traditional investors panic-sell, institutional players are quietly building positions at what they perceive as bargain prices.

Market Timing Masterstroke?

The purchase represents one of the largest single Ethereum acquisitions this year—a clear bet that the current downturn represents temporary weakness rather than fundamental failure. Because nothing says 'confidence' like dropping half a billion on digital assets while everyone else is running for the exits.

Institutional Crypto Adoption Accelerates

Major mining operations continue diversifying beyond pure Bitcoin exposure, recognizing Ethereum's established ecosystem and development momentum. The move signals growing institutional comfort with altcoin investments despite regulatory uncertainty.

Wall Street's reaction? Probably still trying to figure out how to short something they don't understand while collecting management fees.

Crash creates opportunity

Friday’s market crash followed the U.S. President Donald Trump’s surprise announcement of 100% tariffs on Chinese software imports and restrictions on U.S. rare earth exports.

During the U.S. session, Bitcoin fell as much as 13% and Ethereum fell by 20%, clearing billions from Leveraged positions. Amid the chaos, liquidity dried up for many traders, but Bitmine stepped in to buy at lows, reportedly purchasing ETH around $3,728. 

The crypto market rebounded after the historic crash. At the time of writing, Bitcoin was trading at $114,777 with a 24-hour volume of $91.77 billion, up 2.86%. Ethereum was trading at $4,132.89 and its 24-hour volume is $59.66 billion, up 8.67%, according to CoinMarketCap.

By taking advantage of market dips, Bitmine not only strengthens its treasury but may also help stabilize prices as volatility returns to normal. Buy-the-dip strategies such as this are institutional, and demonstrate that even in a sharp downturn, confident players see opportunity, not risk.

Also Read: Bitcoin Advocate María Corina Machado Wins Nobel Peace Prize