BitMine’s Ether Extravaganza: The Surprising Rise of the Crypto Kings! 💰🤖

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On this fine Monday, BitMine Immersion Technologies took a rather triumphant stance, announcing that its hoard of Ether had swelled to a most impressive 3 million ETH! Yes, dear reader, that’s over 2.5% of the entire ETH universe-halfway to their ambitious goal of the ‘Alchemy of 5%’ (because who doesn’t want to turn digital currency into pure gold?).

Now, the fine folk at BitMine revealed that their grand total of crypto and cash holdings stood at a staggering $12.9 billion on October 13-nearly all of it being good old ETH. They also managed to accumulate 192 Bitcoin and dabbled in stakes with several crypto-fanfare companies (moonshots, they call them, as if they were preparing for a lunar expedition).

As per the latest audacious holdings update from BitMine on the glorious date of October 13, 2025:

A whopping $12.9 billion in total crypto + “moonshots”:

  • 3,032,188 ETH at a dazzling price of $4,154 per ETH (thank you, Bloomberg)
  • 192 Bitcoin (BTC)
  • A modest $135 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots,” of course)
  • Unencumbered treasures beyond imagination…

– Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 13, 2025

Ethereum‘s Daring Desperados Continue to Buy

“My dear chap, the crypto liquidation calamity over the past few days pushed ETH prices into a nosedive, which BitMine seized upon with all the ferocity of a sugar-fueled toddler,” remarked Tom Lee of Fundstrat and chairman of BitMine.

The brave souls at BitMine swooped in to snatch up 202,037 tokens over recent days, bringing their total to 3,032,188 ETH-not exactly a meager pile. Lee continued to elucidate the curious world of leverage flushouts and volatility, which turned cautious traders into panic-stricken rabbits fleeing a lumbering bear.

“Whenever the winds of volatility blow, it’s the deleveraging that gets you-and assets may then trade at discount prices,” he said, echoing the age-old adage of “buy low, sell high” while sipping on his morning tea.

Indeed, millions of traders met their untimely ends as the market plunged following a rather inconvenient announcement from the US President about the state of affairs. You see, BitMine shares (BMNR) soared more than 8% to an impressive $56.85 before slightly retreating during after-hours trading, having skyrocketed a jaw-dropping 1,200% since they began snapping up Ether in late June. A veritable fairy tale, if there ever were one!

“The combined trading prowess of BitMine and MSTR [Strategy] now captures an astonishing 88% of all global DAT trading volume,” Mr. Lee added, as if that was the sort of trivia to be proudly displayed at a cocktail party.

“TOM LEE BOUGHT $834M $ETH” it said with a dramatic flourish.

Indeed, our friends at BitMine indulged in a shopping spree, acquiring a staggering $834 million worth of $ETH over the past week. As it stands, their ethereal possession of $12.52 BILLION of $ETH puts them well on their way to claiming 5% of the entire ETH supply-perfectly ordinary behavior for a Tuesday, if you ask me!

– Arkham (@arkham) October 13, 2025

Now let us not forget the runners-up in this fanciful crypto escapade-SharpLink Gaming, with a rather mundane payday of 838,727 ETH worth a cool $3.54 billion, but they haven’t quite felt the urge to dip into the discount ether recently. And just for added flair, Michael Saylor’s Strategy also made a cheeky acquisition last week, snagging up 220 BTC for around $27 million-all in a day’s work!

ETH Price Prognostications

As for Ether’s price, after a short-lived dive to $4,060, it decided to pick itself back up and prance to around $4,285 late Monday-though it wriggled back into its familiar comforting range of $4,100 during Tuesday’s polite Asian trading session. Analysts are cautiously optimistic about a potential rally that could see ETH reach into the fabled five-figure territory by Q4 or Q1 2026-talk about a fairy tale with a happy ending!

In other unrelated news, Bhutan has made history, becoming the first nation to base its national digital identity system on Ethereum-no pressure there!

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2025-10-14 08:23