Ethereum

DeFi

Planet

Tom Lee

<h4>Quick Breakdown&nbsp;</h4>
<ul>
 <li style="font-weight: 400;">BitMine increased its weekly Ether purchase by 34%, now holding over 3.5 million ETH.</li>
 <li style="font-weight: 400;">The company is working toward owning 5% of Ethereum’s total supply, currently holding 2.9%.</li>
 <li style="font-weight: 400;">Chairman Tom Lee remains strongly bullish, citing institutional adoption and long-term blockchain value creation.</li>
</ul>
&nbsp;
BitMine Immersion Technologies has intensified its Ether accumulation efforts, purchasing 110,288 ETH in the past week alone. The latest purchase marks a 34% increase from the previous week, underscoring the company’s ongoing push to expand its position in the Ethereum ecosystem.
<blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f9f5.png" alt="🧵" style="height: 1em; max-height: 1em;"> BitMine provided its latest holdings update for Nov 10th, 2025:
 $13.2 billion in total crypto + “moonshots”: -3,505,723 ETH at $3,639 per ETH (Bloomberg) – 192 Bitcoin (BTC) – $61 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and – unencumbered…
 — Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a href="https://twitter.com/BitMNR/status/1987897065834217505?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 10, 2025</a>
</blockquote>

<h3 id="span-style-font-weight-400-growing-treasury-and-strategic-outlook-span">Growing treasury and strategic outlook</h3>
With the most recent <a style="color: #0000ff;" href="https://x.com/BitMNR/status/1987897065834217505?t=pK-5x3Od9b393o_MCjMZ8w&amp;s=19" rel="noopener noreferrer nofollow">acquisition</a>, BitMine now holds approximately 3,505,723 ETH at an average purchase price of $3,639 per token. This positions the company as the largest Ethereum treasury holder globally, with its holdings currently valued at about $12.5 billion.
The firm has set a long-term objective of securing 5% of Ethereum’s circulating supply of roughly 120.7 million tokens. Its current holdings represent 2.9%, moving it closer to that strategic benchmark.
<h3 id="span-style-font-weight-400-chairman-highlights-institutional-adoption-span">Chairman highlights institutional adoption</h3>
BitMine’s chairman Tom Lee emphasized that the recent price pullback offered a favorable entry opportunity. He pointed to increasing institutional interest in blockchain-based asset tokenization as a long-term catalyst for Ethereum’s value trajectory.
Lee maintained a bullish outlook, reiterating his belief that Ethereum is positioned for what he described as a “super cycle” that could unfold over the next decade. In October, he projected ETH could trade between $10,000 and $12,000 by the end of 2025. At present, ETH is trading at $3,561, meaning the asset would need a substantial rally to meet his forecast.
<h3 id="span-style-font-weight-400-market-reaction-span">Market Reaction</h3>
Despite ETH’s recent pullback—down 13.4% over two weeks and 4.7% in the past month—BitMine’s confidence has been mirrored in its share performance. The company’s stock, BMNR, has surged more than 400% this year to reach $41.15, reflecting strong investor interest in its treasury-focused strategy.
Meanwhile, BitMine issued a <a style="color: #0000ff;" href="https://defi-planet.com/2025/09/bitmine-clarifies-regulatory-standing-as-nasdaq-tightens-crypto-treasury-rules/" rel="noopener noreferrer nofollow">statement</a> clarifying its regulatory standing following reports that NASDAQ is tightening oversight of companies building crypto treasuries. The firm stressed that the new requirements do not apply to its operations, as it is already fully compliant with NYSE American standards.
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The post <a href="https://defi-planet.com/2025/11/bitmine-ramps-up-ether-holdings-amid-price-dip-eyes-5-of-total-eth-supply/" rel="noopener noreferrer nofollow">BitMine Ramps Up Ether Holdings Amid Price Dip, Eyes 5% of Total ETH Supply</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

BitMine Ramps Up Ether Holdings Amid Price Dip, Eyes 5% of Total ETH Supply

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