BitMine’s Latest $200M ETH Buy: Is This the Start of an Ethereum Revolution? 🚀💰

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So, BitMine Immersion Technologies (NYSE: BMNR) – the *biggest* ETH treasury firm out there – has decided to keep riding the Ethereum wave, dropping another $200 million on ETH like it’s pocket change. 🙄 In case you didn’t know, this happened during the early Asian trading hours on September 11, right when Ethereum’s price was like, “Oh hey, I’m up 3% today! Let’s hit $4,440!” Because who doesn’t love a good price recovery amidst a broader crypto rally, right? 😏

BitMine Buys ETH Like It’s Going Out of Style

Tom Lee’s BitMine isn’t just sitting around twiddling its thumbs – no, no. They added another 46,255 ETH to their stash (that’s $200 million, folks). And just for fun, this happened right after they scooped up 202,500 ETH on Monday. So, what’s that total? Oh, just over 2.1 million ETH now, which is worth more than $9.2 billion. No biggie. 🤷‍♀️

They’re still way ahead of everyone else in the Ethereum game, leaving Sharplink Gaming in the dust with their tiny 837,000 ETH treasury. If you’re keeping score, BitMine’s two ETH buys this week alone are almost equivalent to what all treasury firms bought last week. Talk about setting the bar. 💸

In other words, BitMine is basically making all the right moves. They’ve been raising cash through stock and bond sales like a boss, so they can keep stacking up those ETH reserves. Last week alone, corporate buyers grabbed 273,300 ETH, and guess who came in second after BitMine? That’s right, The Ether Machine with 150,000 ETH. You’ve got to admire their hustle. 💪

Meanwhile, BitMine’s stock (BMNR) is also doing its own little victory dance. After a 23% dip last month, it’s now up 5% this week, bouncing back like it’s on a mission. 🎉

ETH Price Shows Signs of Life (Again) – With ETF Inflows to Match

On top of all this, ETH is doing its thing – *again*. Ethereum prices are surging like the cool kid at the crypto party, up 2.5% on September 11. Apparently, it’s all thanks to some US PPI data and Fed rate cut hopes. Sounds like a good time to be an ETH holder, huh? 🤔

ETH’s daily trading volume has jumped a massive 38% to $41.5 billion, which is basically just a giant neon sign that says, “Hey, traders are feeling bullish!” Meanwhile, the futures open interest in ETH has skyrocketed to $61.5 billion. Yep, you read that right. And according to crypto analyst Ali Martinez, those tighter Bollinger Bands are basically giving us a “big move ahead” warning. 🎯

Expect a big move for Ethereum $ETH soon as the Bollinger Bands squeeze! 😱

– Ali (@ali_charts) September 10, 2025

But wait – there’s more. Spot Ethereum ETFs are back in action, folks! On September 10, Ethereum ETFs saw net inflows of $1.761 billion, with BlackRock iShares Ethereum Trust (ETHA) leading the pack at $74.5 million. Guess who’s cashing in on that? Oh, just the largest corporate ETH holder, BitMine. You know, the usual. 😜

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2025-09-11 14:31