Ethereum Updates: BitMine’s $13.7 Billion Reserves Stand Strong Amid Market Downturn, Aiming for 5% Share in ETH

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Ethereum Updates: BitMine’s $13.7 Billion Reserves Stand Strong Amid Market Downturn, Aiming for 5% Share in ETH

Bitget-RWA2025/11/03 14:08

By:Bitget-RWA

- BitMine Immersion (BMNR) holds $13.7B in crypto, leading Ethereum treasury size with 2.8% supply control. - Aggressive ETH accumulation (662,169 tokens in 30 days) supports "5% strategy," backed by Ark Invest and Galaxy Digital. - Ethereum's $3,714 price lags technical indicators, while BitMine's $1.5B daily trading volume amplifies market influence. - Institutional partners anticipate post-Fusaka upgrade buying, but bearish macro trends cap retail price targets at $5,000.

BitMine Immersion (BMNR) has established itself as the leading public

Ethereum

treasury holder, with its combined cryptocurrency and cash reserves totaling $13.7 billion as of November 2025, according to a

Marketscreener announcement

. The company now possesses 3.4 million

ETH

tokens, which make up 2.8% of all Ethereum in circulation, as it pursues its bold "Alchemy of 5%" plan to secure 5% of the total ETH supply, the announcement stated. This achievement puts

BitMine

ahead of rivals such as Strategy Inc (MSTR) in terms of ETH holdings and strengthens its status as a major institutional player in crypto accumulation, according to a

Crypto Economy article

The company’s most recent purchase, acquiring 7,660 ETH for $29.28 million through Galaxy Digital’s OTC desk, highlights its assertive acquisition approach, as reported by a

Coinotag report

. In just the past month, BitMine has increased its ETH reserves by 662,169 coins, with support from institutional investors like Ark Invest’s Cathie Wood, Galaxy Digital, and Kraken, all backing its long-term strategy, the Marketscreener announcement noted. CEO Tom Lee has pointed to Ethereum’s expanding role in decentralized finance (DeFi) and layer-2 scaling as key motivations for the company’s accumulation, according to comments made to Coinotag.

Ethereum Updates: BitMine’s $13.7 Billion Reserves Stand Strong Amid Market Downturn, Aiming for 5% Share in ETH image 0

Ethereum’s price trends are currently mixed. While BitMine’s acquisitions have lent some short-term support, overall market indicators remain bearish. Ethereum is trading at $3,714, which is below its 30-day average of $3,847, and the Relative Strength Index (RSI) sits at 26.45, signaling oversold conditions, according to a

Crypto.news report

. Analysts at Matrixport warn that BitMine’s net asset value (NAV) is “just slightly above issuance levels,” raising concerns about possible dilution for shareholders if the company continues to raise funds for further ETH acquisitions, the same Crypto.news report mentioned.

BitMine’s treasury also contains 192

Bitcoin

(BTC) and an $88 million investment in Eightco Holdings, reflecting a diversified crypto treasury strategy, as noted by Crypto Economy. Institutional partners such as Founders Fund and Pantera Capital see Ethereum’s upcoming Fusaka upgrade in December 2025 as a trigger for renewed buying, according to a

Coinotag analysis

. The upgrade, which aims to boost scalability and lower transaction fees, fits with BitMine’s vision of Ethereum as “programmable financial infrastructure,” the Coinotag article stated.

Despite strong institutional backing, retail investors remain wary. Year-end price forecasts for Ethereum have dropped to $5,000, influenced by Federal Reserve policy and broader economic headwinds, Coinotag reported. Nevertheless, on-chain data reveals that over 60% of Ethereum’s supply is locked in illiquid wallets, which could help stabilize prices even as retail activity lags, the Coinotag article added.

BitMine’s stock liquidity further enhances its market impact. The company is the 60th most traded U.S. stock, with an average daily trading volume of $1.5 billion over the past five days, according to the Marketscreener announcement. Together with MSTR’s Bitcoin-centric approach, BitMine is responsible for 88% of global digital asset trading volume, showcasing its rapid growth in crypto net asset value per share, as reported by Crypto Economy.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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