Ethereum treasury big BitMine has now surpassed 4 million Ethereum (ETH) tokens. The agency now owns roughly 3.37% of the overall international provide of the flagship altcoin.
Having added over 500,000 ETH within the final 30 days alone, BitMine is now considerably nearer to its objective of controlling 5% of the provision. They goal to pressure the worth up by eradicating liquidity from exchanges.
The agency started its extraordinarily aggressive Ethereum acquisition technique in early July 2025. The pivot initially resulted in a large ETH/BTC spike. Nonetheless, it was slightly short-lived.
Previous to that, it was primarily recognized for Bitcoin mining and immersion expertise.
Newest Tom Lee controversy
After gorgeous market observers with its preliminary success, the agency is beneath strain as a result of falling costs.
The infamous permabull would declare that ETH was coming into a “supercycle” throughout his numerous media appearances. He has cited uber-bullish targets like $15,000 by year-end 2025 with seemingly unwavering confidence.
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Nonetheless, Fundstrat, Lee’s analysis agency, is now privately predicting that ETH will nose-dive to $1,800–$2,000 within the first half of 2026.
The report advises rich shoppers to “increase money and stablecoin balances” and look forward to a crash to purchase again in decrease. It cites 4 key headwinds because the US authorities shutdown, commerce coverage uncertainty, AI fatigue, in addition to uncertainty surrounding the Federal Reserve.
Some have now accused Lee of making “exit liquidity” for his non-public shoppers.
If Fundstrat’s non-public prediction comes true and ETH drops to $1,800, the worth of BitMine’s treasury may collapse by 40% or extra.
A drop from roughly $3,000 to $1,800 on a 4 million ETH portfolio represents a possible lack of $4.8 billion in guide worth.
Since BMNR inventory trades primarily based on its ETH holdings (NAV), a 40% drop in ETH worth would possible crash the inventory value.