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    Bitmine Buys 128K ETH Worth $480 Million

    Avatar photoByOctober 13, 2025, 4:30 PM1 Mins read5 Views
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    Bitmine Buys 128K ETH Worth $480 Million | 3.0 TV (3versetv)
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    Shortly after October’s historic crypto market crash, Bitmine Immersion Technologies acquired 128,718 Ethereum (ETH), worth approximately $480 million for its corporate reserve. The move shows how major institutions are seizing opportunities amid market turmoil.

    Data from on-chain analytics firm Lookonchain revealed that Bitmine bought ETH from two exchanges, FalconX and Kraken, using six newly activated wallets likely tied to the company. These buybacks affirm a strategic buy-the-dip strategy, which exploits the plummeting prices in the crash

    Led by Fundstrat Capital CIO Tom Lee, Bitmine already held over 2.83 million ETH before this purchase, as per Strategic ETH Reserve data. With the latest haul, the company’s Ethereum treasury now totals roughly 2.96 million ETH, nearly 2.5% of the entire Ethereum supply.

    This makes Bitmine the largest public company ETH holder and one of the biggest crypto treasuries overall, second only to MicroStrategy, according to CoinGecko data.

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    Kapil Rajyaguru -

    Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

    An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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