{"id":53671,"date":"2025-10-19T16:01:33","date_gmt":"2025-10-19T16:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53671"},"modified":"2025-10-19T16:01:33","modified_gmt":"2025-10-19T16:01:33","slug":"ethereum-crash-becomes-bitmines-buying-spree-1-5b-added-despite-warning","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53671","title":{"rendered":"Ethereum Crash Becomes BitMine\u2019s Buying Spree \u2014 $1.5B Added Despite Warning"},"content":{"rendered":"
\n

BitMine\u2019s large buy and a string of public warnings have left markets watching Ethereum<\/a> closely this week. Big moves were made during the sell-off, and firms and investors are now weighing whether those buys mean confidence or simply a bet on a rebound.<\/p>\n

Large Scale Accumulation Continues<\/h2>\n

According to onchain data<\/a> from Arkham Intelligence and the tracker \u2018BMNR Bullz\u2019, BitMine Immersion Technologies bought a total 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.<\/p>\n

Reports have disclosed the haul is worth almost $1.5 billion. The purchases have not been officially confirmed by BitMine, but the transfers were visible on public ledgers.<\/p>\n

BitMine\u2019s Position And Timing<\/h2>\n

BitMine is reported to hold more than 3 million ETH, which equates to about 2.5% of the entire supply, and that stash was valued at roughly $11.7 billion at recent prices.<\/p>\n

\n

\"\ud83d\udea8\" MASSIVE ETHEREUM ACCUMULATION<\/p>\n

Bitmine just went ALL IN on $ETH<\/a> scooping up a total of 379,271 ETH ($1.48B) during the dip! \"\ud83d\udc40\"<\/p>\n

\"\ud83d\udcb0\" +72,898 ETH ($281M) yesterday\u2019s dip
\n\"\ud83d\udcb0\" +104,336 ETH ($417M) 3 days ago
\n\"\ud83d\udcb0\" +202,037 ETH after the weekend crash<\/p>\n

Tom Lee wasn\u2019t joking when he said\u2026 pic.twitter.com\/oiyhLO79wk<\/a><\/p>\n

\u2014 BMNR Bullz (@BMNRBullz) October 18, 2025<\/a><\/p>\n<\/blockquote>\n

Based on reports, the firm has set a goal of reaching 5% of supply and only began building the treasury in early July when Ether was near $2,500.<\/p>\n

Tom Lee of Fundstrat has also been buying \u2014 he said he purchased $1.5 billion worth of Ether since the market crash \u2014 signaling that some large players see long-term upside.<\/p>\n


\nQuestions Raised About DAT Pricing<\/p>\n

Reports say Lee warned that the hype around digital asset treasuries, or DATs, may be fading, with many DATs trading at or below their net asset value (NAV).<\/p>\n

Research firm 10x Research reported that several major DATs were near or under NAV. That has led investors to ask whether the trading discounts reflect lasting trouble or a brief market reset.<\/p>\n

Huobi founder Li Lin is reportedly raising about $1 billion to put into an Ether treasury, which shows some firms still want exposure despite the cheap trading levels.<\/p>\n

Bullish Views Meet Market Stress<\/p>\n

According to Lee, Ethereum could \u201cflip\u201d Bitcoin in a way he compared to how Wall Street and equities overtook gold after 1971. He also warned investors are still \u201clicking their wounds\u201d from a record leverage flush.<\/p>\n

Markets are down 15% from the October 7 high, while gold has eased about 3% from its peak. Those moves are shaping where big holders place their bets.<\/p>\n

\n

Over the weekend I witnessed something every crypto investor should pay attention to. Ethereum, the largest blockchain in the world, got congested and fees skyrocketed past $1,000 just to process small transactions. That\u2019s like paying a thousand-dollar toll to drive on a one-lane\u2026 pic.twitter.com\/m9o1sRUQE0<\/a><\/p>\n

\u2014 Kevin O\u2019Leary aka Mr. Wonderful (@kevinolearytv) October 16, 2025<\/a><\/p>\n<\/blockquote>\n

Network Strain<\/p>\n

Meanwhile, based on social posts and blockchain data, Kevin O\u2019Leary sounded the alarm about congestion on Ethereum after fees spiked during the sell-off.<\/p>\n

He wrote that simple transactions briefly carried fees of as much as $1,000, calling attention to limits in handling sudden demand.<\/p>\n

Etherscan data showed average daily gas prices hit a nine-month high last Friday, which was confirmed by market trackers.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BitMine\u2019s large buy and a string of public warnings have left markets watching Ethereum closely this week. Big moves were made during the sell-off, and firms and investors are now weighing whether those buys mean confidence or simply a bet on a rebound. Large Scale Accumulation Continues According to onchain data from Arkham Intelligence and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-53671","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53671"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53671\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}