Key Notes
- Tom Lee’s BitMine Immersion Expertise has determined to purchase the dip, including 109,485 ETH to its holdings.
- It now holds a complete of 1,297,093 ETH, valued at roughly $5.68 billion.
- BitMine elevated its fairness program from $5 billion to $24.5 billion, all for the acquisition of extra Ethereum.
Whereas different traders are mourning the drop of Ethereum (ETH), Tom Lee’s BitMine Immersion Expertise has determined to purchase the dip as an alternative. Blockchain analytics platform Lookonchain reported that the corporate has just lately acquired an extra 106,485 ETH. This buy-up additional expands its Ethereum bag, a stash thought-about one of many largest amongst its company pairs.
BitMine Makes use of OTC For Ethereum Purchases
BitMine has added 106,485 ETH, bringing its complete holdings to 1,297,093 ETH. Notably, the second-largest cryptocurrency by market capitalization is currently trading at $4,384.05.
At this value degree, BitMine’s latest buy is valued at $466.83 million whereas its total holding is equal to $5.68 billion. That is solely one of many Ethereum purchases that the general public Bitcoin (BTC) mining agency has engaged in just lately.
The corporate made most of those purchases through giant over-the-counter (OTC) offers in addition to direct transfers from intermediaries like Galaxy Digital, FalconX, and BitGo.
Aside from BitMine’s acquisition, an unidentified whale was noticed with a large buy of 92,899 ETH, price round $415 million. There may be suspicion that this entity is planning to carry this holding for a very long time, particularly after it arrange three new wallets earlier than shifting the funds from the Kraken crypto trade.
SharpLink and BitMine Take a Guess on Ethereum
Typically, there was a rising Ethereum accumulation pattern amongst high establishments. SharpLink is one in all such corporations, and this technique has earned it the place of the second-largest company Ethereum holder.
This agency boasts of as much as 728,804 ETH in its portfolio, estimated to be valued at roughly $3.3 billion. SharpLink made ETH its primary treasury reserve asset again in June.
🚨 BREAKING:
BITMINE BOUGHT $500M $ETH IN THE LAST 10 HOURS
THEY NOW HOLD $5.8 BILLION ETH
AND ARE PLANNING TO BUY ANOTHER $20 BILLION IN NEXT 3 MONTHS
THIS IS GIGA BULLISH FOR ETH pic.twitter.com/tm8qUAvf7m
— Rekt Fencer (@rektfencer) August 16, 2025
BitMine is engaged on making extra Ethereum purchases, and to this finish, it has increased its equity program from $5 billion to $24.5 billion. This represents a fivefold enlargement for the agency.
It filed its at-the-market fairness program by $20 billion, bringing its complete capability to $24.5 billion. In its submitting submitted to america Securities and Trade Fee (SEC), BitMine disclosed that Cantor Fitzgerald & Co. and ThinkEquity LLC will deal with its fairness providing.
The fee on the gross proceeds is as excessive as 3% and the shares can be offered by totally different channels, such because the direct NYSE American buying and selling.
Change into a Billionaire With Bitcoin Hyper
SharpLink and BitMine might have to contemplate taking a slice of Bitcoin Hyper (HYPER) simply as they’ve of Ethereum. The HYPER mission, with an ongoing presale, delivers a promising Layer 2 resolution for BTC to risk-hungry traders.
BTC Hyper Presale
It has a number of options much like the Solana blockchain, together with enhanced transaction speeds and decreased prices. HYPER additionally leverages Bitcoin’s safety and has seen huge adoption from crypto risk-takers. There are solely about 20 hours left earlier than a value adjustment is made.
Present Presale Stats:
Present Worth: $0.012735
Quantity Raised So Far: $9.9 million
Participation within the presale may be completed through ETH, BNB, USDT, or bank card instantly on the official Bitcoin Hyper web site, with Best Crypto Wallet really helpful for token administration. Buyers searching for new alternatives can take part within the presale.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the actual life purposes of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His want to teach folks about cryptocurrencies conjures up his contributions to famend blockchain media and websites.
