BitMine Buys The Dip, Ethereum Stash Surpasses 3M ETH

The world’s largest Ethereum treasury company has bought the dip as its stock hits a new milestone.

BitMine Immersion Technologies announced on Monday that its Ether holdings had reached the 3 million ETH mark. It now owns more than 2.5% of the ETH token supply, “now halfway there as it moves towards the ‘Alchemy of 5%’,” the company said.

The company’s Ether, crypto, and cash assets were worth $12.9 billion as of October 13, and almost all of that is ETH. It also owns 192 BTC and stakes in several crypto companies.

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BitMine provided the latest holding update for October 13, 2025:

$12.9 billion in total crypto + “moonshots”:

– 3,032,188 ETH at $4,154 per ETH (Bloomberg)
– 192 Bitcoins (BTC)
– $135 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– unencumbered…

– Bitmine (NYSE-BMNR) $ETH (@BITMNR) October 13, 2025

Keep buying Ethereum DATs

“The crypto liquidation in recent days caused a price drop in ETH, which BitMine benefited from,” said Tom Lee of Fundstrat and chairman of BitMine.

The company has purchased 202,037 tokens in recent days, increasing its holdings to 3,032,188 ETH. Lee further explained how debt outflows and volatility caused panic selling and discounts to asset fundamental values.

“Volatility drives deleveraging, and this can lead to assets trading at significant discounts to fundamentals, or as we say, ‘substantial discounts to the future’, creating benefits for investors at the expense of traders.”

Millions of traders were liquidated as markets plunged after insider whales opened huge short positions just before a major announcement from the US president.

Shares of BitMine (BMNR) rose more than 8% to $56.85 on Monday before falling slightly in after-hours trading. The company’s shares have risen by as much as 1,200% since it started accumulating Ether in late June.

“The combined trading volume share of BitMine and MSTR [Strategy] is now 88% of total global DAT trading volume,” said Lee.

TOM LEE BOUGHT $834M $ETH

Bitmine bought the dip on ETH. They purchased $834 million $ETH the past week.

Bitmine currently has $12.52 BILLION in assets $ETHwell over halfway to their goal of owning 5% of the ETH supply. pic.twitter.com/MZaE0inQGJ

— Arkham (@arkham) October 13, 2025

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The second largest Ether treasury company is SharpLink Gaming, which didn’t buy the dip recently but owns 838,727 ETH worth about $3.54 billion. according to it’s CHEESE.

Michael Saylor’s Strategy also made an acquisition last week, raising 220 BTC for approximately $27 million.

ETH Price Outlook

Ether prices have continued to recover from an intraday dump to $4,060, reaching $4,285 in late trading on Monday. However, it has retreated to $4,100 during Tuesday morning’s Asian trading session and remains within its range-bound channel. Analysts remain bullish on a five-digit rally for ETH in the fourth or first quarter of 2026.

In related news, Bhutan celebrated a historic milestone on Monday, becoming the first nation to anchor its national digital identity system on Ethereum.