Bitmine Adds 28,625 ETH in $82M Buy, Crypto Holdings Near $12B
Bitmine Immersion Technologies - the world's largest Ethereum treasury - took its accumulation strategy to the next level...
Quick overview
- Bitmine Immersion Technologies invested $82.11 million in 28,625 ETH, continuing their aggressive accumulation strategy.
- The firm now holds 3.6 million ETH, representing 2.9% of the total Ethereum supply, and has a total asset value of $12 billion.
- BMNR stock rose nearly 5% in premarket trading due to positive sentiment around potential Federal Reserve interest rate cuts.
- ETH is currently trading at $2,793, facing resistance around the $2,850-$2,900 range, with analysts warning of a potential drop to $2,500 if it fails to break through.
Bitmine Immersion Technologies – the world’s largest Ethereum treasury – took its accumulation strategy to the next level by plonking down a cool $82.11 million on 28,625 ETH. According to on-chain data released Monday, Bitmine, backed by Tom Lee, was buying the dip yet again in the span of 48 hours. They’d already got 21,537 ETH, worth a pretty penny of $60 million from FalconX on Sunday.
We’re expecting a statement from Bitmine later today outlining the latest figures for their Ethereum and Bitcoin positions, as well as their Eightco Holdings stake and cash reserves. The firm recently confirmed they’re sitting on a whopping 3.6 million ETH, which is 2.9% of the total Ethereum supply – and their total stash of digital assets and cash is a pretty impressive $12 billion. Tom Lee is still convinced that both ETH and BTC are going to go up in the long term.
BMNR Stock Climbs in Premarket Trading – Good News for Bitmine Shareholders
Bitmines’ recent aggressive accumulation strategy has really lifted investor mood. BMNR shares shot up by nearly 5% in premarket trading on Monday – and it’s all thanks to the rumour that the Federal Reserve might be cutting interest rates in December. The Fed’s Chairman Jerome Powell has been saying nice things about easing policy, which has helped boost the prices of risk assets across markets.
BITMINE JUST BOUGHT ANOTHER 28,625 $ETH WORTH $82.11M. pic.twitter.com/COXvGoA9F0
— Altcoin Buzz (@Altcoinbuzzio) November 24, 2025
Over the weekend, the stock closed at $26, but during the session, it had traded between $24.33 and $26.77. Trading volume was way up – even higher than the 44 million daily average – after a month of BMNR shares sinking nearly 50% because of the wider crypto market being all over the shop.
Some key market developments to keep an eye on:
- Institutional investors have been buying up shares – going from 10 million to 100 million in a single month. That’s massive.
- Despite the recent losses, BMNR has still got a pretty healthy year-to-date performance of 258%
ETH Price Struggles to Hold Key Levels
ETH is trading at $2,793, and it’s struggling to hold onto the gains it made earlier in the week. We’ve seen it drop to a low of $2,763 and spike to a high of $2,883 in the span of 24 hours. Trading volume is up by 33%, but derivatives are signaling that there is still short-term pressure in the market. ETH futures open interest fell 2% in just 4 hours, a big drop given the small price decline.
🚨 BREAKING: #Bitmine just scooped up $82,000,000 worth of $ETH.
Tom Lee added 28,625 $ETH ($82.11M), bringing his total holdings to nearly 3.6 million #Ethereum. pic.twitter.com/UXgORED4KI
— adrianjordan.io (@adrianjordan_io) November 24, 2025
Analysts say ETH is just about clinging to the $2,850- $2,900 range. If it can’t get above that resistance level, it might slide down towards $2,500, according to market strategist Ted Pillows.
Quick Highlights
- ETH futures open interest is down a little bit – 0.56% in 24 hours.
- Liquidity is starting to come in – even though there is still selling pressure in the market.
- The key thing for now is to break that resistance zone – otherwise, ETH will just keep on going downhill.
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