BitMine’s $827M Ether Purchases Could Signal Rising Institutional Accumulation After Crypto Market Dip

• BitMine bought 202,037 ETH (~$827M) during the market correction.

• Purchases pushed BitMine’s total holdings past 3 million ETH, roughly 2.5% of supply, at an average price of $4,154 per ETH.

• BitMine’s treasury now totals $13.4 billion in assets, including 192 BTC, $104M cash, and a $135M equity stake.

BitMine buys Ether: 202,037 ETH (~$827M) pushes holdings past 3M ETH; read the full breakdown and implications for institutional accumulation. Learn more on COINOTAG.

Published: Oct. 13, 2025 | Updated: Oct. 13, 2025 | Author: COINOTAG

How did BitMine buy $827 million worth of Ether?

BitMine buys Ether by purchasing 202,037 ETH during a sharp market correction, paying an average of $4,154 per token; the company says it increased purchases “more aggressively,” bringing total holdings above 3 million ETH and moving further toward its treasury accumulation targets.

Why did BitMine increase Ether holdings during the crash?

BitMine cited market volatility and a broad liquidation event as the catalyst for stepped-up accumulation. Tom Lee, BitMine chairman and Fundstrat head of research, said the recent sell-off created “substantial discount to the future,” allowing the company to buy Ether at what it views as attractive prices. The purchases—202,037 ETH worth about $827 million—came amid a weekend that produced roughly $19 billion in crypto liquidations, according to market data cited by the company. BitMine’s average entry of $4,154 per ETH reflects aggregation across multiple buys.

BitMine reported the acquisitions in a company post on X, noting the purchases pushed its Ether holdings above 3 million ETH, representing roughly 2.5% of Ether’s circulating supply. The firm now places total treasury and related holdings at about $13.4 billion, which includes $12.9 billion in crypto and moonshot investments, 192 BTC, $104 million in cash, and a $135 million stake in Nasdaq-listed Eightco Holdings. Market observers have highlighted that large coordinated corporate buys can influence peer treasuries’ strategies toward long-term accumulation.

Source: BitMine

BitMine’s approach reflects a treasury-management posture that treats episodic sell-offs as opportunities. Tom Lee stated, “Volatility creates deleveraging, and this can cause assets to trade at substantial discounts to fundamentals…this creates advantages for investors, at the expense of traders.” Lee also said the company is now “more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH,” framing the purchases as part of a multi-step accumulation plan.

The purchases occurred as Ether and broader markets fell sharply on Friday, driving an estimated $19 billion in liquidations over the weekend. Related: Ethereum layer 2s outperform crypto relief rally after $19B crash

Institutional context and market reaction

BitMine’s stock (BMNR) has drawn strong trading interest, ranking among the most active US-listed names by five-day volume. As of Oct. 10, BMNR was the 22nd most widely traded U.S. equity by five-day average trading volume, with over $3.5 billion in average daily volume, per Google Finance data. Despite heavy trading, BMNR’s share price fell about 11% over the previous five days, following a short position initiated by Kerrisdale Capital, which published a critique of BitMine’s long-term business model.

Source: BitMine

Market participants are monitoring whether BitMine’s purchases will prompt similar accumulation by other corporate treasuries. Historically, visible accumulation by a large corporate holder can shift sentiment and potentially reduce available sell-side liquidity, particularly during drawdowns.

Frequently Asked Questions

How much Ether did BitMine buy during the weekend dip?

BitMine bought 202,037 ETH during the market correction, representing approximately $827 million of purchases at an average price near $4,154 per token, according to the company’s announcement on X. The buys brought total ETH holdings above 3 million.

Will BitMine’s purchases affect Ether’s price in the short term?

Large accumulations can tighten available supply and influence market sentiment, especially during low-liquidity windows. While institutional buys may provide supportive demand, price movements depend on broader order flow, macro factors, and liquidations—so short-term impact is uncertain.

Key Takeaways

• Significant accumulation: BitMine acquired 202,037 ETH (~$827M), raising holdings above 3M ETH and advancing its treasury goals.
• Strategic dip-buying: Management framed purchases as opportunistic buys during a $19B liquidation event, citing long-term fundamentals.
• Market implications: The purchases may encourage similar corporate treasury accumulation and could influence supply dynamics during volatile periods.

Conclusion

BitMine buys Ether as part of a deliberate treasury accumulation plan, adding 202,037 ETH (~$827M) during a major market correction and passing the 3 million ETH threshold. The move—confirmed by company posts and market data—underscores growing institutional engagement with Ether and may shape other treasuries’ strategies; follow COINOTAG for ongoing coverage and updates.