BitMine Buys The Dip Once more, Has Added $1.48B ETH Since Crash

BitMine, the world’s largest company holder of Ethereum, purchased one other $281 million value of ETH yesterday, lifting its whole purchases to $1.48 billion for the reason that flash crash on Oct. 10.

In accordance to the X account “BMNR Bullz,” BitMine purchased one other 72,898 ETH for $281 million yesterday, and a whole of 379,271 ETH in three separate buys for the reason that file $19 billion in liquidations throughout the crash earlier this month.

🚨 MASSIVE ETHEREUM ACCUMULATION

Bitmine simply went ALL IN on $ETH scooping up a complete of 379,271 ETH ($1.48B) throughout the dip! 👀

💰 +72,898 ETH ($281M) yesterday’s dip
💰 +104,336 ETH ($417M) 3 days in the past
💰 +202,037 ETH after the weekend crash

Tom Lee wasn’t joking when he stated… pic.twitter.com/oiyhLO79wk

— BMNR Bullz (@BMNRBullz) October 18, 2025

BitMine purchased 104,336 ETH for round $471 million three days in the past and one other for 202,037 ETH shortly after the market-wide pullback.

BitMine, which has not confirmed the current purchases, has round 3.03 million ETH on its stability sheet value $11.84 billion, in accordance to knowledge from StrategicETHReserve.

That was as the most important altcoin by market cap dipped to as little as $3,854.65 throughout the previous day of buying and selling. It has since recovered to commerce at $3,898.04 as of 1:51 a.m. EST, knowledge from CoinMarketCap reveals.

ETH worth (Supply: CoinMarketCap)

DAT Treasury Bubble Might Have Burst

BitMine’s continued ETH accumulation comes even after the agency’s chairman, Tom Lee, stated the bubble round digital asset treasury (DAT) corporations could have burst.

In accordance to Lee, many DAT corporations at the moment are buying and selling beneath their web asset values (NAVs).

BitMine itself has seen its share worth commerce in a continued downtrend because the preliminary euphoria round its Ethereum treasury pivot, which noticed its inventory soar greater than 633% previously six months, begins to chill.

Prior to now month, nonetheless, BitMine’s shares have slid over 18%, in keeping with Google Finance.

BitMine share worth (Supply: Google Finance)

A lot of these losses have been recorded previously week, when its share worth slumped over 7%.

Lee Says ETH Might Flip BTC

The newest purchases additionally come throughout the identical week that Lee predicted Ethereum will ultimately turn out to be the most important crypto by market cap.

“Ethereum might flip Bitcoin just like how Wall Avenue and equities flipped gold put up 71,” Lee stated in a current interview with ARK Make investments’s CEO Cathie Wooden.

Lee then stated that the rise within the quantity of US {dollars} which are shifting onto the blockchain may benefit ETH’s worth.

Ethereum at present has a 53.7% share of the $304.492 billion stablecoin market, in accordance to DefiLlama.

Lee pointed to how the US greenback turned the dominant foreign money globally after US President Richard Nixon took the foreign money off of the gold customary in 1971 and establishments began constructing merchandise across the foreign money.

“Greenback dominance goes to be the chance of Ethereum,” Lee stated, including that all the pieces is turning into tokenized.

Bitcoin at present has a market capitalization of greater than $2.131 trillion, knowledge from CoinMarketCap reveals, whereas Ethereum’s stands at $470.6 billion.

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