FameEX Hot Topics | BitMine: Ethereum's Price Dislocation a Buy Signal

BitMine chairman Tom Lee has confirmed the company executed a major acquisition of Ethereum following this month's significant market deleveraging event. In a statement released Monday, Lee revealed the strategic rationale behind the buying spree, noting that "Open interest for ETH sits at the same levels as seen on June 30th of this year, when ETH was $2,500." He emphasized that "given the expected Supercycle for Ethereum, this price dislocation represents an attractive risk/reward." This aggressive accumulation has substantially advanced BitMine's treasury objectives, bringing the company past the halfway point toward its goal of holding 5% of Ethereum's total token supply. Their holdings now exceed 3.3 million tokens, valued at over $13 billion, representing 2.74% of the total circulating supply.

Lee's buying activity was accompanied by consistently bullish commentary. During a recent Bankless podcast appearance last Wednesday, the chairman reaffirmed his price target of $10,000 for Ethereum within this year - a projection that would require a 150% surge from Monday's price of $3,986 with just over two months remaining in the trading year. Market response to BitMine's strategic moves has been overwhelmingly positive, with the company's stock (BMNR) climbing 7.92% to $53.80 on Monday. This performance extends an impressive six-month rally that has seen BMNR shares appreciate by over 691%, significantly outpacing broader market indices.

The company's growing influence in digital asset markets was further highlighted by Lee's disclosure that "BitMine continues to attract institutional investor capital as our high liquidity is appealing. The combined trading volume share of BitMine and MSTR is now 88% of all global DAT trading volume." According to StrategicETHReserves data, BitMine has established itself as the dominant force in corporate Ethereum holdings, with its treasury dwarfing the next largest publicly listed stash of 840,012 tokens held by SharpLink Gaming.

This institutional accumulation trend extends beyond BitMine alone. Throughout 2025, corporate treasuries have been steadily building Ethereum positions, with aggregate holdings across all treasury companies now exceeding 5.74 million ETH. This represents 4.75% of the total supply, signaling growing institutional confidence in Ethereum's long-term value proposition and its anticipated supercycle growth trajectory. The coordinated accumulation suggests that major investors view current price levels as strategic entry points despite short-term market volatility.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.