BitMine purchased another 82,300 Ether last week, bringing the total assets to 13.7 billion USD.

BitMine Immersion Technologies increased its holdings by another 82,300 Ether last week, bringing its total crypto assets and cash to $13.7 billion. As of November 2, the company holds approximately 3.495 million Ether, accounting for about 2.8% of the circulating supply of Ether, solidifying its position as the largest corporate Ether holder in the world, and is steadily working towards its “5% Alchemy” strategic goal.

BitMine Performance: 3.4 million Ether in the asset pool and a total reserve of 1.37 billion USD

BitMine continues to actively accumulate Ethereum, allowing its asset scale and market influence to keep climbing, making it the second largest Crypto Assets reserve company after Strategy Inc. (which holds about 71 billion dollars in Bitcoin).

• Asset Composition: BitMine currently controls approximately 3.395 million Ethereum, valued at 1.325 billion dollars at current prices. In addition, its asset portfolio also includes 192 Bitcoins and 389 million dollars in unsecured cash, as well as a strategic investment of 62 million dollars in Eightco Holdings.
• “5% Alchemy” Goal: Chairman Thomas “Tom” Lee announced that the company currently holds 2.8% of the Ethereum supply, meaning that its strategic goal of “5% Ethereum supply” has been more than halfway completed.
• Recent accumulation opportunity: Lee believes that the large-scale liquidation event in October provided the market with a “reset,” creating new accumulation opportunities. This increase in holdings is another significant move following the substantial purchase of 104,000 ETH in mid-October.

Wall Street Hot Stock: BitMine Gains Strong Institutional Support with Strategy

BitMine's aggressive accumulation strategy has garnered strong institutional backing, making it one of the most关注的 crypto concept stocks on Wall Street.

• Strong financial performance: The company's market value reached $12.49 billion, with a 25% increase in stock price over the past 30 days. Its earnings per share (EPS) soared by 180.1%, and it has a cash reserve of $305 million, demonstrating strong profitability and a solid financial foundation.
• Top Institutional Endorsement: BitMine's accumulation strategy has garnered strong support from top institutions such as Cathie Wood's ARK Invest, Founders Fund, Pantera Capital, Galaxy Digital, Digital Currency Group, and veteran investor Bill Miller III.
• High trading activity: The trading of its US-listed stock (BMNR) is exceptionally active, with an average daily trading volume reaching 1.5 billion dollars in the past week, ranking 60th in the United States, even surpassing Marvell Technology.

Ethereum Enterprise Holding Environment: 71 Entities Control 5% of Supply

In the enterprise Ethereum holder sector, BitMine maintains a significant leading position, but the overall trend of institutional accumulation is clearly visible.

• Major corporate holdings: SharpLink Gaming ranks second with approximately 859,400 Ether, followed closely by The Ether Machine with 496,000 Ether. The Ethereum Foundation itself holds approximately 230,000 Ether.
• Overall institutional scale: The top 71 institutions and enterprise holders control approximately 6.06 million Ether, accounting for about 5% of the total supply, with a total value exceeding 22.4 billion dollars.
• Recent Developments: Recently, other major entities have also shown movement, with the Optimism Foundation increasing its holdings by 3,600 Ether, while PulseChain recorded a sharp outflow of 160,000 Ether.

Market Performance: Strategic Accumulation Under Ethereum Price Correction

Despite strong institutional accumulation support, Ethereum's market price still faces pressure in the short term.

• Short-term price pressure: As of the time of writing, the trading price of Ethereum is approximately $3,587, having dropped 6.8% in the past 24 hours and nearly 20% over the past month.
• Operating suggestion: The market correction of Ethereum may provide strategic investors like BitMine with the opportunity to accumulate at low prices. Investors should view the institutional accumulation trend as a long-term positive signal, but remain vigilant of short-term market fluctuations.

Conclusion

BitMine has once again invested heavily to increase its holdings of Ethereum, highlighting the strong optimism of institutional capital regarding the long-term value of Ethereum, and showcasing significant industry ambition with a target of “5% supply.” Although the price of Ethereum has seen a short-term correction, the continued buying behavior of institutional whales provides a strong confidence foundation for long-term investors.