Ethereum

Galaxy

SharpLink Gaming

Arkham

<p>Bitmine, the crypto firm led by Wall Street veteran Tom Lee, has boosted its Ethereum holdings once again. The company purchased 15,427 ETH (worth around $69M) through Galaxy Digital’s over-the-counter (OTC) desk, bringing its total stash to roughly 1.95 million ETH, valued at $8.66 billion, according to Arkham data.</p>
<p>The blockchain records indicates that a few huge transfers are made within a short period of time, such as 3,247 ETH ($14.55M), 3,258 ETH ($14.6M), 4,494 ETH ($20.06M), and 4,428 ETH ($19.77M).&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p>TOM LEE IS BUYING EVEN MORE <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a><br><br>Tom Lee’s Bitmine just bought another $69M of ETH from Galaxy Digital. They now hold $8.66 BILLION of ETH.<a href="https://twitter.com/search?q=%24BMNR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BMNR</a> is bullish on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>. <a href="https://t.co/t9BWh9btPR" rel="noopener noreferrer nofollow">pic.twitter.com/t9BWh9btPR</a></p>— Arkham (@arkham) <a href="https://twitter.com/arkham/status/1969140430009774190?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 19, 2025</a>
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<p>The total 15,427 ETH ($69M) moved in under an hour, highlighting coordinated OTC settlements that allow institutions to buy large amounts without affecting open-market prices.</p>
<h2 class="wp-block-heading" id="bitmine-leads-ethereum-corporate-treasuries">Bitmine leads Ethereum corporate treasuries</h2>
<p>This latest buy pushes Bitmine’s total holdings over 2 million ETH, or about 1.8% of Ethereum’s circulating supply. It now ranks as the largest corporate ETH treasury, far ahead of competitors like SharpLink Gaming (838,000 ETH) and The Ether Machine (495,000 ETH). Other portfolio assets, such as MakerDAO’s MKR and experimental tokens, are minimal compared to ETH.</p>
<p>The aggressive approach of Bitmine resembles that of Strategy under Michael Saylor, where the company can accumulate in large volumes to make ETH a long-term treasury reserve.</p>
<h2 class="wp-block-heading" id="ethereum-treasuries-gain-momentum">Ethereum treasuries gain momentum&nbsp;</h2>
<p>Recently, the Ether Machine applied to be taken public through a SPAC merger, and <a href="https://www.cryptotimes.io/2025/09/17/sharplink-buys-back-1m-shares-as-its-eth-treasury-expand/" target="_blank" rel="noopener noreferrer nofollow">SharpLink Gaming bought</a> almost 1.94 million shares, claiming undervaluation. Analysts believe that Ethereum treasuries will gain staking yields, which increases long-term value over Bitcoin.</p>
<p>Since June, Ethereum treasuries have accumulated around 3.1% of the circulating supply. With ongoing corporate interest and strategic buybacks, ETH-focused firms appear well-positioned for growth even as prices remain under pressure.&nbsp;</p>
<p>At the time of writing, Ethereum is <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">trading</a> at $4,477, having fallen by 1.5% and 5.2% in the last 24 hours and week respectively.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/09/15/bitmine-amasses-10-8b-becomes-biggest-ethereum-holder/" target="_blank" rel="noopener noreferrer nofollow">BitMine Amasses $10.8B, Becomes Biggest Ethereum Holder</a></p>
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Bitmine Buys 15,427 ETH, Total Treasury Hits 1.95M ETH

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The Crypto Times

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