Ethereum Institutional Surge: BitMine’s $10.6B ETH Treasury Sparks Market Rally
On November 26, 2025, the cryptocurrency market witnessed a significant rally led by digital asset treasury stocks, with BitMine Immersion Technologies emerging as the standout performer. The company's shares surged an impressive 20% to reach $31, dramatically outpacing the broader crypto market's 2.1% gain. This remarkable performance is directly tied to BitMine's substantial Ethereum holdings, which now represent 3% of ETH's entire circulating supply - totaling 3.63 million ETH valued at approximately $10.6 billion. The most compelling development behind this surge is the explosive growth in institutional ownership, which has nearly quintupled to 31.7% within just two weeks, indicating a massive shift in institutional sentiment toward Ethereum. This institutional frenzy has created a ripple effect across the crypto treasury sector, with Strategy (MSTR) posting solid 5% gains and SharpLink Gaming (SBET) climbing 6%. The extraordinary 630% performance metric referenced for BitMine underscores the transformative impact of large-scale Ethereum accumulation on company valuations. This development signals a broader trend of corporations and institutions increasingly viewing Ethereum not just as a speculative asset, but as a strategic treasury reserve. The concentration of such a significant portion of Ethereum's supply in corporate treasuries could have profound implications for the cryptocurrency's liquidity, price stability, and long-term valuation. As institutional adoption accelerates, we're likely witnessing the early stages of a fundamental restructuring in how traditional finance interacts with digital assets, with Ethereum positioned at the center of this transformation. The market's enthusiastic response to BitMine's Ethereum strategy demonstrates growing confidence in ETH's role as a store of value and suggests that corporate treasury adoption may become a major driver of Ethereum's price appreciation in the coming years.
BitMine and Strategy Stocks Rally as Crypto Treasuries Outperform Market
BitMine Immersion Technologies led a surge in digital asset treasury stocks, with shares spiking 20% to $31 amid broader crypto market gains of 2.1%. The company now holds 3% of Ether's circulating supply—3.63 million ETH worth $10.6 billion—as institutional ownership nearly quintupled to 31.7% in two weeks.
Strategy (MSTR) and SharpLink Gaming (SBET) followed with 5% and 6% gains respectively, while BitMine's 630% rally since June contrasted with its 50% decline from October peaks. 'When institutions move, they MOVE fast,' observed one trader, noting the velocity of capital rotation into crypto-equity hybrids.
DAT Stocks Outperform Crypto Market in Post-Crash Recovery
Digital Asset Treasury (DAT) stocks surged ahead of the broader cryptocurrency market in a robust rebound following November's downturn. BitMine Immersion Technologies (BMNR) led the charge with a 20% rally, buoyed by institutional investors increasing their stake from 6% to 31.7% in just 13 days. The firm now holds 3% of Ether's total supply, signaling growing confidence in long-term crypto accumulation strategies.
Ether (ETH) showed modest gains, but DAT equities stole the spotlight as early recovery leaders. BitMine's performance marked a dramatic reversal from its 50% slide after October's peak, still maintaining a staggering 630% year-to-date rise since adopting its Ether accumulation approach in June.
The recovery extended beyond BitMine, with SharpLink Gaming and other DAT stocks joining the upward momentum. This rally suggests institutional players are viewing DATs as strategic vehicles for crypto exposure despite recent market turbulence.
BitMine Stock Surges 20% as Ethereum Reserves Hit 60% of Supply Target
BitMine Immersion Technologies (BMNR) rallied nearly 20% after disclosing it now holds over 3.6 million ETH—3% of total supply and 60% of its 5% accumulation goal. The Tom Lee-led firm's aggressive stacking strategy persists through market volatility, fueling a 330% YTD gain despite recent pullbacks.
Crypto-equities broadly rebounded alongside BMNR's surge: MicroStrategy (MSTR) ROSE 5%, Coinbase (COIN) gained 6%, and MARA Holdings (MARA) jumped 11%. The milestone reinforces institutional conviction in Ethereum's long-term value proposition.
Ether Retreats After Rejection Near $3,000; $2,800 Support in Focus
Ether’s price slid back toward $2,800 after another failed attempt to breach the $2,950–$3,000 resistance zone. The cryptocurrency now tests a critical support level that previously attracted buyers, with its short-term trajectory hinging on whether this floor holds.
Whale activity suggests accumulation at lower levels, with on-chain data showing large holders adding over 300,000 ETH during the dip. Yet institutional investors facing unrealized losses are scrutinizing Ether’s price action more closely as retail participation wanes.
The market’s direction may turn on broader risk sentiment. A rebound in U.S. equities could spill over into crypto, potentially reviving bullish momentum for ETH.
Crypto Whale Reenters Market With $44 Million Ethereum Bet
A prominent Bitcoin trader known as '1011short' has reemerged with a significant leveraged position on Ethereum, signaling renewed institutional interest in crypto markets. The whale deposited $10 million in USDC to Hyperliquid before opening a 5x leveraged long—a move that coincides with Ethereum's tentative recovery from recent lows.
The trade echoes patterns seen during previous market bottoms, where large players accumulate positions during periods of retail capitulation. Ethereum's 18% weekly gain suggests this whale may be positioning ahead of anticipated ETF approvals or protocol upgrades.
