{"id":14631,"date":"2025-10-29T09:24:46","date_gmt":"2025-10-29T09:24:46","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitmine-boosts-ethereum-treasury-with-113m-as-price-holds-above-4000\/"},"modified":"2025-10-29T09:24:52","modified_gmt":"2025-10-29T09:24:52","slug":"bitmine-boosts-ethereum-treasury-with-113m-as-price-holds-above-4000","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitmine-boosts-ethereum-treasury-with-113m-as-price-holds-above-4000\/","title":{"rendered":"BitMine boosts Ethereum treasury with $113m as price holds above $4,000"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>BitMine is strengthening its position as the world\u2019s largest corporate Ethereum treasury holder as market volatility continues.<\/p>\n<div id=\"cn-block-summary-block_597792aa8d72a72e881fe889f07bf38f\" 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 has added 27,316 ETH worth $113 million to its treasury, lifting its total Ethereum holdings to 3.31 million ETH valued at over $13.3 billion.<\/li>\n<li>Chairman Tom Lee links BitMine\u2019s aggressive buying strategy to improving global macro conditions, including progress in U.S.\u2013China trade talks and stronger equity markets.<\/li>\n<li>Ethereum is holding above the $4,000 support zone after rebounding from a brief pullback, with bulls now targeting the $4,250 resistance for the next breakout.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>BitMine Immersion Tech recently acquired 27,316 ETH worth $113 million, according to on-chain <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/1983354058166681871?s=46\">data<\/a> from Lookonchain. This latest addition brings the mining and technology firm\u2019s total Ethereum holdings to 3.31 million ETH, now valued at approximately $13.3 billion.<\/p>\n<p>Overall, BitMine\u2019s <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/BitMNR\/status\/1982787908038721859\">portfolio<\/a> is worth $14.2 billion, including its Ethereum (ETH) holdings purchased at an average of $4,164 per token, 192 Bitcoin, an $88 million stake in Eightco Holdings, and $305 million in cash reserves. The company now controls about 2.8% of Ethereum\u2019s circulating supply, marking steady progress toward its goal of owning 5%.<\/p>\n<p>Chairman Tom Lee recently attributed the company\u2019s aggressive strategy to the market rebound following the October liquidation event, stating that \u201ctechnicals for both Bitcoin and Ethereum are flipping positive.\u201d He added that improving market structure and growing institutional participation are signaling the early stages of a stronger recovery cycle.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>With BitMine\u2019s latest purchase, market attention is once again turning to Ethereum\u2019s price performance and on-chain momentum, as investors gauge how the asset will react to growing institutional demand.<\/p>\n<h2 class=\"wp-block-heading\">BitMine deepens Ethereum bet as price looks primed to go higher\u00a0<\/h2>\n<p>ETH is currently trading at $4,033, down 1.1% over the last 24 hours but still up 4.45% for the week, per market data from crypto.news.\u00a0<\/p>\n<p>The week began with a sharp surge that sent price up to $4,253 on Monday, but price was quickly rejected at that resistance and pulled back. By Tuesday, ETH hit a local low near $3,931 before recovering this morning to hold support and return above the $4,000 mark.\u200b<\/p>\n<p>With the asset now above this critical psychological level, the next directional move could be a powerful one. If broader market conditions remain steady and no major macroeconomic surprises surface, ETH looks positioned to retest the $4,250-$4,300 resistance zone.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum price chart | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/V28ebMaD\/\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>On the whole, the recent price action snapping back above $4,000 after a brief dip suggests buying interest remains strong and ETH\u2019s upward momentum could continue. The key for bulls will be reclaiming and closing above this week\u2019s high to open a path to new multi-month highs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine is strengthening its position as the world\u2019s largest corporate Ethereum treasury holder as market volatility continues. Summary BitMine has added 27,316 ETH worth $113 million to its treasury, lifting&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14631","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\/14631","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=14631"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14631\/revisions"}],"predecessor-version":[{"id":14632,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14631\/revisions\/14632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8838"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}