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 because the 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 because the report $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 latest purchases, has round 3.03 million ETH on its stability sheet value $11.84 billion, in accordance to information from StrategicETHReserve. 

That was as the biggest 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, information from CoinMarketCap reveals. 

ETH value (Supply: CoinMarketCap)

DAT Treasury Bubble Could Have Burst

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

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

BitMine itself has seen its share value 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.

Previously month, nevertheless, BitMine’s shares have slid over 18%, in line with Google Finance. 

BitMine share value (Supply: Google Finance)

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

Lee Says ETH Might Flip BTC

The most recent purchases additionally come throughout the identical week that Lee predicted Ethereum will ultimately turn into the biggest crypto by market cap.

“Ethereum may flip Bitcoin just like how Wall Road and equities flipped gold publish 71,” Lee stated in a latest interview with ARK Make investments’s CEO Cathie Wooden.

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

Ethereum presently 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 commonplace in 1971 and establishments began constructing merchandise across the foreign money.

“Greenback dominance goes to be the chance of Ethereum,” Lee stated, including that every part is changing into tokenized. 

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

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