Ethereum Crash Becomes BitMine’s Buying Spree — $1.5B Added Despite Warning

BitMine’s giant purchase and a string of public warnings have left markets watching Ethereum intently this week. Massive strikes have been made throughout the sell-off, and corporations and traders at the moment are weighing whether or not these buys imply confidence or just a wager on a rebound.

Massive Scale Accumulation Continues

In line with onchain information from Arkham Intelligence and the tracker ‘BMNR Bullz’, BitMine Immersion Applied sciences purchased a complete of 379,271 ETH in three separate purchases: 202,037 ETH after the weekend crash, 104,336 ETH on Thursday, and 72,898 ETH on Saturday.

Experiences have disclosed the haul is value nearly $1.5 billion. The purchases haven’t been formally confirmed by BitMine, however the transfers have been seen on public ledgers.

BitMine’s Place And Timing

BitMine is reported to carry greater than 3 million ETH, which equates to about 2.5% of your entire provide, and that stash was valued at roughly $11.7 billion at current costs.

🚨 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

Based mostly on experiences, the agency has set a objective of reaching 5% of provide and solely started constructing the treasury in early July when Ether was close to $2,500.

Tom Lee of Fundstrat has additionally been shopping for — he stated he bought $1.5 billion value of Ether for the reason that market crash — signaling that some giant gamers see long-term upside.

Questions Raised About DAT Pricing

Experiences say Lee warned that the hype round digital asset treasuries, or DATs, could also be fading, with many DATs buying and selling at or beneath their web asset worth (NAV).

Analysis agency 10x Analysis reported that a number of main DATs have been close to or underneath NAV. That has led traders to ask whether or not the buying and selling reductions replicate lasting bother or a quick market reset.

Huobi founder Li Lin is reportedly elevating about $1 billion to place into an Ether treasury, which exhibits some corporations nonetheless need publicity regardless of a budget buying and selling ranges.

Bullish Views Meet Market Stress

In line with Lee, Ethereum might “flip” Bitcoin in a method he in comparison with how Wall Road and equities overtook gold after 1971. He additionally warned traders are nonetheless “licking their wounds” from a report leverage flush.

Markets are down 15% from the October 7 excessive, whereas gold has eased about 3% from its peak. These strikes are shaping the place massive holders place their bets.

Over the weekend I witnessed one thing each crypto investor ought to take note of. Ethereum, the most important blockchain on this planet, received congested and costs skyrocketed previous $1,000 simply to course of small transactions. That’s like paying a thousand-dollar toll to drive on a one-lane… pic.twitter.com/m9o1sRUQE0

— Kevin O’Leary aka Mr. Fantastic (@kevinolearytv) October 16, 2025

Community Pressure

In the meantime, primarily based on social posts and blockchain information, Kevin O’Leary sounded the alarm about congestion on Ethereum after charges spiked throughout the sell-off.

He wrote that easy transactions briefly carried charges of as a lot as $1,000, calling consideration to limits in dealing with sudden demand.

Etherscan information confirmed common day by day gasoline costs hit a nine-month excessive final Friday, which was confirmed by market trackers.

Featured picture from Unsplash, chart from TradingView

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