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BTCC / BTCC Square / Global Cryptocurrency /
FalconX Exchange Facilitates $140M Ethereum Purchase by BitMine During Market Dip

FalconX Exchange Facilitates $140M Ethereum Purchase by BitMine During Market Dip

Author:
Global Cryptocurrency
Published:
2025-12-18 08:04:13
19
2
FalconX exchange News -

BitMine, a former Bitcoin mining firm now specializing in ethereum treasury management, has executed a major acquisition of 48,049 ETH, valued at approximately $140.58 million. According to on-chain analyst Lookonchain, the transactions were routed through FalconX, an institutional trading platform, and were completed in two batches: 31,867 ETH and 16,182 ETH.

This strategic MOVE coincides with Ethereum's price falling below the $3,000 threshold, indicating BitMine's intent to accumulate during the market downturn. Under the leadership of Chairman Tom Lee, the company has rapidly expanded its ETH reserves, recently reporting holdings of 3,967,210 ETH. This latest purchase is set to push its total holdings past the 4 million ETH milestone.

BitMine's aggressive accumulation strategy solidifies its position as a key player in the narrative of Ethereum's institutional adoption. The company has publicly stated a goal of holding 5% of ETH's total supply, demonstrating a strong long-term bullish conviction despite ongoing short-term market volatility.

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