{"id":11977,"date":"2025-10-16T18:23:34","date_gmt":"2025-10-16T18:23:34","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=11977"},"modified":"2025-10-16T18:23:39","modified_gmt":"2025-10-16T18:23:39","slug":"bitmine-adds-417m-in-ethereum-pushing-treasury-to-over-3-million-eth","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/10\/16\/bitmine-adds-417m-in-ethereum-pushing-treasury-to-over-3-million-eth\/","title":{"rendered":"BitMine Adds $417M in Ethereum, Pushing Treasury to Over 3 Million ETH"},"content":{"rendered":"\n<p>Institutional appetite for Ethereum (ETH) shows no sign of slowing down. In its latest move, <strong>BitMine<\/strong> has expanded its Ethereum treasury by another <strong>$417 million<\/strong>, solidifying its position as the <strong>largest public holder of ETH<\/strong> and signaling renewed institutional conviction in the world\u2019s second-largest cryptocurrency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BitMine Snaps Up 104,000+ ETH Amid Price Dip<\/strong><\/h3>\n\n\n\n<p>According to on-chain data from <strong>Lookonchain<\/strong>, BitMine purchased <strong>104,336 ETH<\/strong> worth roughly <strong>$417 million<\/strong>\u2014over the past seven hours. The tokens were distributed across <strong>three new wallets<\/strong>, with transfers traced back to <strong>Kraken<\/strong> and <strong>BitGo<\/strong>.<\/p>\n\n\n\n<p>Following this latest accumulation, BitMine\u2019s <strong>total Ethereum holdings have climbed above 3.03 million ETH<\/strong>, accounting for <strong>more than 2.5% of the total circulating supply<\/strong>. The company has added <strong>over 300,000 ETH in just the past week<\/strong>, strategically buying during recent market dips to expand its reserves.<\/p>\n\n\n\n<p>Chairman <strong>Tom Lee<\/strong> described the firm\u2019s ongoing accumulation strategy as an effort to \u201c<strong>buy assets at a substantial discount to the future<\/strong>,\u201d reinforcing the company\u2019s long-term conviction in Ethereum\u2019s role as a foundational asset for institutional treasuries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Targeting 5% of Ethereum\u2019s Supply<\/strong><\/h3>\n\n\n\n<p>Reaching the <strong>3 million ETH milestone<\/strong> brings BitMine closer to its ambitious target of controlling <strong>5% of all ETH in circulation<\/strong>. Achieving that level would give the company <strong>significant influence<\/strong> over Ethereum\u2019s <strong>network liquidity<\/strong>, <strong>staking infrastructure<\/strong>, and overall <strong>ecosystem stability<\/strong>.<\/p>\n\n\n\n<p>BitMine\u2019s aggressive strategy reflects a growing trend among institutional players who now view <strong>ETH as a core balance-sheet asset<\/strong> not just a speculative play. The firm\u2019s continued expansion underscores its intention to position itself as a <strong>major force within the Ethereum ecosystem<\/strong>, particularly as institutional adoption of blockchain technology accelerates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tom Lee: \u201cEthereum Still Has Room to Run\u201d<\/strong><\/h3>\n\n\n\n<p>Despite recent market softness, BitMine\u2019s chairman <strong>Tom Lee<\/strong> remains resolutely bullish.<br>In a recent <strong>Bankless podcast<\/strong>, Lee reiterated his belief that <strong>Ethereum could reach between $10,000 and $12,000 by the end of 2025<\/strong>.<\/p>\n\n\n\n<p>He called Ethereum a <strong>\u201cneutral chain\u201d favored by Wall Street<\/strong>, emphasizing its <strong>decentralized architecture<\/strong>, <strong>growing corporate adoption<\/strong>, and participation in <strong>government tokenization pilots<\/strong>. According to Lee, Ethereum\u2019s <strong>censorship-resistant and politically neutral nature<\/strong> gives it a unique edge among institutional investors seeking transparency and long-term stability.<\/p>\n\n\n\n<p>Lee believes that this convergence of <strong>corporate and sovereign adoption<\/strong>, <strong>positive U.S. regulatory signals<\/strong>, and the <strong>expansion of tokenized finance<\/strong> could drive massive institutional inflows in the coming months.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>ETH Price Action: A Pause Before the Next Move?<\/strong><\/h3>\n\n\n\n<p>At the time of writing, <strong>Ethereum is trading around $4,022<\/strong>, down <strong>2.4% on the day<\/strong> and roughly <strong>10% lower than early October highs above $4,600<\/strong>. The dip mirrors the broader crypto market cooldown but institutional demand continues to provide a sturdy floor.<\/p>\n\n\n\n<p>For Ethereum to reach Lee\u2019s <strong>$10,000 target<\/strong>, the token would need to rally more than <strong>150%<\/strong> from current levels. Analysts note that such a move would likely require a <strong>return of risk appetite<\/strong>, sustained <strong>ETF inflows<\/strong>, and <strong>improving macroeconomic conditions<\/strong>.<\/p>\n\n\n\n<p>Even so, BitMine\u2019s steady accumulation suggests that the <strong>smart money<\/strong> is using this pullback as a long-term buying opportunity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook: Institutional Conviction Remains Strong<\/strong><\/h3>\n\n\n\n<p>While short-term volatility persists, BitMine\u2019s aggressive Ethereum accumulation paints a clear picture <strong>institutions are not backing away<\/strong> from ETH. Instead, they\u2019re doubling down, betting that Ethereum\u2019s expanding role in <strong>tokenization, DeFi, and enterprise adoption<\/strong> will make it a centerpiece of the digital economy.<\/p>\n\n\n\n<p>As Lee put it, <em>\u201cEthereum represents the financial infrastructure of the future and we want to own a piece of that foundation.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institutional appetite for Ethereum (ETH) shows no sign of slowing down. In its latest move, BitMine has expanded its Ethereum treasury by another $417 million, solidifying its position as the largest public holder of ETH and signaling renewed institutional conviction in the world\u2019s second-largest cryptocurrency. BitMine Snaps Up 104,000+ ETH Amid Price Dip According to&#8230;<\/p>\n","protected":false},"author":3,"featured_media":11982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[1442,65,301,281],"class_list":["post-11977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitmine","tag-crypto","tag-ethereum","tag-price-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitMine Adds $417M in Ethereum, Pushing Treasury to Over 3 Million ETH - Crypto News<\/title>\n<meta name=\"description\" content=\"BitMine has added $417 million worth of Ethereum, boosting its holdings to over 3 million ETH \u2014 more than 2.5% of the total supply. Chairman Tom Lee stays bullish, predicting ETH could reach $10,000\u2013$12,000 by 2025 as institutional adoption and tokenization accelerate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/10\/16\/bitmine-adds-417m-in-ethereum-pushing-treasury-to-over-3-million-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMine Adds $417M in Ethereum, Pushing Treasury to Over 3 Million ETH - Crypto News\" \/>\n<meta property=\"og:description\" content=\"BitMine has added $417 million worth of Ethereum, boosting its holdings to over 3 million ETH \u2014 more than 2.5% of the total supply. 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