Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,064)
  • Analysis (2,229)
  • Bitcoin (2,829)
  • Blockchain (1,718)
  • DeFi (2,034)
  • Ethereum (2,033)
  • Event (69)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,079)
  • Press Releases (10)
  • Reddit (1,480)
  • Regulation (1,948)
  • Security (2,702)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • Walmart’s OnePay To Add Crypto Trading
  • Crypto Down but Solana Treasuries Growing: 3 Best Solana Meme Coins to Buy
  • YZi Labs-backed Perp DEX Aster delays airdrop due to data issues
  • Bitcoin’s (BTC) Double-Digit Post-Halving Rise Has Yet to Reach Overbought
  • Mutuum Finance (MUTM) Jumps 250% Surpassing 750 Million Tokens Sold and Gaining Over 16,800 Investors
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Ethereum»Bitmin extends Ethereum Holdings to 2.6 million tokens
Ethereum

Bitmin extends Ethereum Holdings to 2.6 million tokens

September 29, 2025No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bitmine ethereum .jpg
Share
Facebook Twitter LinkedIn Pinterest Email


BetBet

Bitmin, a company focused on Ethereum, took advantage of the recent ETH shift below $ 4,000 to considerably extend its assets.

The company revealed on September 29 that it bought more than 200,000 ETH during the week, bringing its total to 2.6 million ETH. This reserve, at current market prices, is estimated at $ 10.9 billion and now represents more than 2% of the circulating supply of Ethereum.

The president of Bitmine Thomas “Tom” Lee, who also directs Fundstrat, explained that the purchasing madness of society reflects a long -term conviction in the role of Ethereum at the intersection of crypto and artificial intelligence.

He described purchases as “the purchase of ETH to a discount on the future”, arguing that the two industries will remain critical innovation engines for decades.

He said:

“We continue to believe that Ethereum is one of the largest macro trades over the next 10 to 15 years. Wall Street and the AI ​​that pass on the blockchain should lead to greater transformation of the financial system today. And the majority of this takes place on Ethereum. ”

Meanwhile, the company’s assessment extends beyond Ethereum.

Bitmine also holds 192 Bitcoin worth around $ 21.5 million and maintains a position of $ 157 million in Highco Holdings, a portfolio classified internally like “Moonshots”. It also reports $ 436 million in cash reserves.

Together, these assets bear the total Bitmine value to $ 11.6 billion.

This aggressive expansion strengthens Bitmin status as the largest Ethereum treasure and the second largest crypto treasure in the world in terms of strategy only (formerly Microstrategy), which contains 639,835 BTC worth around $ 71 billion.

Cryptographic cash flow companies
Digital Asset Treasury Companies Assets Holdings (Source: Bitmin)

Stocks

The growing Ethereum position of Bitmine resulted in significant stock market activity for the company.

Fondestratrat data show that on September 26, Bitmin ranked 26th among the most negotiated American shares, with an average daily negotiation volume of 2.6 billion dollars. This classifies it to Visa, the payment giant based in the United States, among the 5,704 actions listed in the United States.

Among digital asset cash companies, Bitmin is also one of the most negotiated shares.

The company has revealed that its actions, alongside those of the strategy, represent 84% of the total activity among the 30 main cash companies of digital assets. He added that his shares alone represent 34% of this percentage.

Cryptographic cash flow companiesCryptographic cash flow companies
Commercial volume of cryptographic cash companies (Source: Bitmin)

Speaking of these figures, Lee said:

“At Bitmin, we direct our peers as cryptographic treasure at the same time at the speed of the increase in navigation of navigation by action and by the liquidity of high negotiation of our stock.”

Mentioned in this article

(Tagstotranslate) Bitmin



Source link

ethereum
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBitcoin Bulls Bet on Fed Rate Cuts To Drive Bond Yields Lower, But There’s a Catch
Next Article The big bet of Tristan Thompson: basketball meets the blockchain

Related Posts

Ethereum

Ethereum Takes Center Stage as SharpLink CEO Backs ETH for Treasury Dominance Over Bitcoin

October 11, 2025
Ethereum

Bitmine receives 23,823 Ethereum from BitGo as institutional accumulation continues

October 11, 2025
Ethereum

Ethereum aims to power the future of AI with the new ERC-8004 standard

October 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Moscow Hosts COINCRAFT 2.0: The Ultimate Crypto Forum of the Season

October 8, 2025

MOSCOW, October 2025 — The wait is almost over! On October 15–16, 2025, the VKontakte…

Event

The Digital Euro vs. Stablecoins: The Future of Money is Debated at MERGE Madrid

October 7, 2025

The Digital Euro vs. Stablecoins: The Future of Money Is Debated at MERGE Madrid  The…

1 2 3 … 56 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

YZi Labs-backed Perp DEX Aster delays airdrop due to data issues

October 11, 2025

Based Streams launches blockchain-powered live trading

October 11, 2025

Joseph Lubin breaks silence on MetaMask token launch

October 11, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 112,204.06
ethereum
Ethereum (ETH) $ 3,813.45
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,131.42
xrp
XRP (XRP) $ 2.45
solana
Solana (SOL) $ 182.89
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,810.60
tron
TRON (TRX) $ 0.319712
dogecoin
Dogecoin (DOGE) $ 0.190232