{"id":13034,"date":"2025-10-10T06:48:38","date_gmt":"2025-10-10T06:48:38","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-strengthens-ethereum-treasury-with-104m-as-price-holds-4300\/"},"modified":"2025-10-10T06:48:43","modified_gmt":"2025-10-10T06:48:43","slug":"bitmine-strengthens-ethereum-treasury-with-104m-as-price-holds-4300","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-strengthens-ethereum-treasury-with-104m-as-price-holds-4300\/","title":{"rendered":"BitMine strengthens Ethereum treasury with $104m as price holds $4300"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>BitMine doubles down on Ethereum treasury with fresh purchases, highlighting its conviction even as ETH holds firm under pressure.<\/p>\n<div id=\"cn-block-summary-block_ca0c90e81d868d4cb25ba1cf7728b694\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BitMine expanded its Ethereum treasury with a new $104 million purchase, adding roughly 24,000 ETH to its holdings.<\/li>\n<li>The firm\u2019s total Ethereum acquisitions for October now exceed $407 million, bringing its reserves to 2.83 million ETH worth about $12.3 billion.<\/li>\n<li>Ethereum is consolidating near $4,365, with key support at $4,250 and resistance at $4,645 determining the next price direction.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine Immersion Technologies made a fresh purchase of approximately 24,000 ETH on October 10, valued at around $104 million, <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1976474332827357292?s=46\">according<\/a> to on-chain tracker Lookonchain. The acquisition marks the company\u2019s continued effort to deepen its exposure to Ethereum as part of its long-term treasury strategy.<\/p>\n<p>The latest buy follows another purchase spotted on October 8, consistent with its pattern of steady accumulation. That <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/intel.arkm.com\/explorer\/address\/0xedf1519979C5b71fF1452ac37d1c6cdA8CbEfeb9\" target=\"_blank\" rel=\"nofollow\">transaction<\/a>, executed through FalconX, saw the firm receive over 20,000 ETH (ETH) worth roughly $90 million at the time. <\/p>\n<p>Throughout October, the Nevada-based Ethereum treasury company has made several major purchases as part of its long-term target to eventually control 5% of the asset\u2019s supply. With the latest acquisitions, BitMine\u2019s total ETH purchases for October now exceed $407 million, reinforcing its position as the largest corporate Ethereum holder.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The company now holds about 2.83 million ETH, representing 2.34% of total circulation, a stash worth roughly $12.3 billion at current prices.<\/p>\n<h2 class=\"wp-block-heading\">BitMine boosts Ethereum treasury as ETH holds support<\/h2>\n<p>Ethereum is trading at approximately $4,368 at the time of writing, down around 2% on the day, per data from crypto.news. Earlier in the week, the second-largest cryptocurrency reached a local high near $4,645, before retreating to test support at $4,253. This marks a notable pullback from its recent upward momentum, with ETH declining from its intraday peak and consolidating near important support levels.<\/p>\n<p>For Ethereum to resume its upward trajectory, bulls need to reclaim the $4,645 resistance and sustain momentum above $4,700, challenging the local highs and creating a launchpad toward the $5,000 psychological barrier. Key catalysts to drive the move would include continued institutional accumulation and increased DeFi activity.<\/p>\n<p>Conversely, a decisive close below the $4,250 support could open the door for further downside, with the next technical area of interest situated near $3,990. Increasing sell pressure and macro uncertainty would strengthen the case for extended correction in the sessions ahead.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum price chart | Source: crypto.news <\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine doubles down on Ethereum treasury with fresh purchases, highlighting its conviction even as ETH holds firm under pressure. Summary BitMine expanded its Ethereum treasury with a new $104 million&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13034"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13034\/revisions"}],"predecessor-version":[{"id":13035,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13034\/revisions\/13035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11617"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}