BitMine Reaches New Heights with Ongoing Purchases

BitMine purchased over 370,000 ETH last week, raising its total holdings to 1,520,000 ETH. Following this acquisition, the company’s Ethereum assets reached $6.5 billion. Additionally, the company’s portfolio includes 192 Bitcoin (BTC).

With this move, BitMine has become the world’s largest Ethereum treasury and ranks second in the global crypto treasury list, behind MicroStrategy, which holds 628,946 BTC.

Long-Term Confidence in Ethereum

Thomas Lee, Chairman of BitMine, emphasized that this massive purchase reflects institutional investors’ confidence in Ethereum. According to Lee, Ethereum is poised to be one of the biggest macro investments over the next 10–15 years.

The company supports its treasury growth strategy not only through purchases but also via capital raises. Lee highlights that Wall Street and AI moving onto blockchain will play a critical role in shaping the new financial system.

BitMine’s Market Position

BitMine is now one of the most widely traded stocks in the US. With an average daily trading volume of $6.4 billion, the company surpasses major names like JPMorgan and Alphabet in terms of trading activity.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram  ,YouTube and Twitter channels for the latest news and updates.

The post BitMine Pushes Ethereum Treasury to Record Levels! appeared first on Coin Engineer.

ETH’s Long-Term Growth Outlook

Fundstrat Capital CIO Thomas Lee stated, “ETH is set to become the largest macro trade over the next 10–15 years as artificial intelligence builds a token economy on the blockchain and Wall Street transitions its financial operations to blockchain.” Lee added that this growth will be supported by the GENIUS Act stablecoin regulations and the U.S. Securities and Exchange Commission’s “Project Crypto,” aimed at modernizing the agency for the digital finance era.

Fundstrat’s head of digital asset research, Sean Farrell, pointed to the $12,000–$15,000 range as a realistic year-end target, noting there is still “significant upside potential.”

ETH’s Market Dominance

Lee emphasized that most stablecoins and Wall Street blockchain projects are built on the ETH network. According to RWA.xyz, ETH currently commands a 55% market share in the $25 billion real-world asset (RWA) tokenization sector.

Close to Price Record

ETH has surged 60% over the past 30 days, hitting a four-year high of $4,770 — just 2.5% below its all-time peak from 2021. Lee noted, “Ethereum has outperformed Bitcoin year-to-date, gaining 28% compared to Bitcoin’s 18% rise.”

BitMine’s Massive ETH Move

BitMine Immersion Technologies, the world’s largest ETH treasury holder, is targeting a $20 billion fund. Since July, the company has accumulated 1.2 million ETH, bringing its holdings to nearly $5.5 billion. Over the same period, its shares (BMNR) have skyrocketed by 1,300%.

Strong Factors Supporting Price Growth

BTC Markets crypto analyst Rachael Lucas highlighted that these positions are strategic and long-term, removing substantial liquidity from the market. “When record ETF inflows combine with corporate and sovereign balance sheet allocations, it creates deep structural demand against finite supply,” she said. “That’s a recipe for sustained upward price pressure.”

In July, BitMine suggested that ETH could potentially reach a value as high as $60,000.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Fundstrat: “Ethereum to Be the Biggest of the Next 10–15 Years” appeared first on Coin Engineer.