{"id":548912,"date":"2025-11-25T22:30:53","date_gmt":"2025-11-25T17:00:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=548912"},"modified":"2025-11-25T17:07:58","modified_gmt":"2025-11-25T11:37:58","slug":"inside-bitmines-20-stock-surge-amid-70k-ethereum-purchase","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/inside-bitmines-20-stock-surge-amid-70k-ethereum-purchase\/","title":{"rendered":"Inside BitMine\u2019s 20% stock surge amid its 70K Ethereum purchase"},"content":{"rendered":"<h2><strong>Key Takeaways\u00a0<\/strong><\/h2>\n<h3><em><span style=\"font-weight: 400;\">What\u2019s BitMine\u2019s ETH holdings goal?\u00a0<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">It eyes 6 million ETH. The current 3.63 million ETH stash indicates that the plan is 60% complete.\u00a0<\/span><\/p>\n<h3><em><span style=\"font-weight: 400;\">How did the latest bid affect markets?\u00a0<\/span><\/em><\/h3>\n<p><span style=\"font-weight: 400;\">BitMine stock BMNR soared 20% while the ETH price surged 5% and defended $2.8k support.\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">BitMine Immersion, the world\u2019s largest Ethereum [ETH] treasury firm, has hit 60% of its holdings target.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In its latest report, the firm <\/span><a href=\"https:\/\/x.com\/BitMNR\/status\/1992957345530343816\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> that it acquired an additional 69,822 ETH last week, bringing its overall holdings to 3.63 million <a href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\" target=\"_blank\" rel=\"noopener\">ETH<\/a> or 3% of the overall supply.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compared to its 5% ETH supply target (6 million ETH) or the so-called \u201cAlchemy of 5%,\u201d the firm was only left with 2.4M ETH to hit its target.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The firm scooped the Q4 dip as ETH slipped $2.6k last week. Reacting to the same, Tom Lee, chair of BitMine and CIO of Fundstrat, <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-eth-holdings-reach-3-63-million-tokens-and-total-crypto-and-cash-holdings-of-11-2-billion-302624262.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">viewed<\/span><\/a><span style=\"font-weight: 400;\"> current ETH\u2019s value as an \u201casymmetric risk\/reward\u2019 opportunity.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cA few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there. This implies asymmetric risk\/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum.\u201d<\/span><\/p><\/blockquote>\n<h2>BitMine&#8217;s aggressive ETH bid<\/h2>\n<figure id=\"attachment_548913\" aria-describedby=\"caption-attachment-548913\" style=\"width: 1681px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121.png\"><img decoding=\"async\" class=\"size-full wp-image-548913\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121.png\" alt=\"BitMine ETH\" width=\"1681\" height=\"743\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121.png 1681w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121-300x133.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121-1024x453.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121-768x339.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121-1536x679.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-115121-1200x530.png 1200w\" sizes=\"(max-width: 1681px) 100vw, 1681px\" \/><\/a><figcaption id=\"caption-attachment-548913\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">Source: Strategic ETH Reserve\u00a0<\/span><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Since October, BitMine has been bidding approximately 122K ETH per week, accumulating 3% of the ETH total supply in under a year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To reach its target of 6 million ETH at its current pace, it would take about 20 weeks, or around five months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitMine\u2019s stock, BMNR, <\/span><a href=\"https:\/\/www.google.com\/finance\/quote\/BMNR:NYSEAMERICAN?hl=en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">soared<\/span><\/a><span style=\"font-weight: 400;\"> about 20% to $31.1 at press time, after the latest ETH purchase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That being said, the firm has been driving the latest treasury inflows almost single-handedly. Notably, the pace of treasury demand cooled in October and remained flat in November at around 70K ETH per week.<\/span><\/p>\n<figure id=\"attachment_548914\" aria-describedby=\"caption-attachment-548914\" style=\"width: 1511px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149.png\"><img decoding=\"async\" class=\"size-full wp-image-548914\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149.png\" alt=\"BitMine ETH\" width=\"1511\" height=\"500\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149.png 1511w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149-300x99.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149-1024x339.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149-768x254.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-25-105149-1200x397.png 1200w\" sizes=\"(max-width: 1511px) 100vw, 1511px\" \/><\/a><figcaption id=\"caption-attachment-548914\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<h2><strong>ETH price action<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">On the price charts, ETH bounced 5% on the 24th of November, effectively defending the $2,800 support.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the asset traded at $2.88k, and recovery progress to $3k and clearance of the overhead hurdle at $3.4k would depend on Bitcoin surging above $90k.\u00a0<\/span><\/p>\n<figure id=\"attachment_548915\" aria-describedby=\"caption-attachment-548915\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34.png\"><img decoding=\"async\" class=\"size-full wp-image-548915\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34.png\" alt=\"BitMine Ethereum\" width=\"1950\" height=\"1147\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34-300x176.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34-1024x602.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34-768x452.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34-1536x903.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/ETHUSDT_2025-11-25_12-43-34-1200x706.png 1200w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-548915\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">Source: ETH\/USDT, TradingView\u00a0<\/span><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Despite the relief bounce, however, some were slowly offloading their stash, perhaps to cut their losses after the Q4 drawdown. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the Binance exchange, netflow spiked in the past few days, indicating that more ETH flowed into the platform to be offloaded.\u00a0<\/span><\/p>\n<figure id=\"attachment_548916\" aria-describedby=\"caption-attachment-548916\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance.png\"><img decoding=\"async\" class=\"size-full wp-image-548916\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance.png\" alt=\"BitMine ETH\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/11\/Ethereum-Exchange-Netflow-Total-Binance-1200x675.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-548916\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Even so, institutional flows are back, with ETFs recording two consecutive days of <\/span><a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">inflows<\/span><\/a><span style=\"font-weight: 400;\">. This could help alleviate the pressure and facilitate a recovery if market sentiment improves.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Per Tom Lee, ETH&#8217;s value below $3k is a great &#8216;risk\/reward&#8217; opportunity <\/p>\n","protected":false},"author":79,"featured_media":548920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,32,66,3,4,20],"tags":[6427],"class_list":["post-548912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-ethereum-news","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Inside BitMine\u2019s 20% stock surge amid its 70K Ethereum purchase - AMBCrypto<\/title>\n<meta name=\"description\" content=\"BitMine has increased ETH holdings to 3.63 million, marking a 3% of total supply. 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