{"id":50065,"date":"2025-09-04T12:00:23","date_gmt":"2025-09-04T09:00:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50065"},"modified":"2025-09-04T11:08:56","modified_gmt":"2025-09-04T08:08:56","slug":"bitmine-executes-new-ethereum-purchase-through-galaxy-digital","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitmine-executes-new-ethereum-purchase-through-galaxy-digital\/","title":{"rendered":"BitMine Executes New Ethereum Purchase Through Galaxy Digital"},"content":{"rendered":"<p>According to on-chain data, crypto treasury firm <strong>BitMine<\/strong> <strong>Immersion<\/strong> <strong>Tech<\/strong> purchased 14,665 <strong>ETH<\/strong> (approximately $64.7 million) through Galaxy Digital. This move is seen as an indication that the company is further expanding its massive Ethereum reserves.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-50066 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-04_11-53-40-300x90.jpg\" alt=\"\" width=\"913\" height=\"274\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-04_11-53-40-300x90.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/photo_2025-09-04_11-53-40.jpg 680w\" sizes=\"auto, (max-width: 913px) 100vw, 913px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitmine-executes-new-ethereum-purchase-through-galaxy-digital\/#BitMines_Ethereum_Holdings_Continue_to_Grow\" title=\"BitMine\u2019s Ethereum Holdings Continue to Grow\">BitMine\u2019s Ethereum Holdings Continue to Grow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitmine-executes-new-ethereum-purchase-through-galaxy-digital\/#Rising_Institutional_Demand_for_ETH\" title=\"Rising Institutional Demand for ETH\">Rising Institutional Demand for ETH<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitmine-executes-new-ethereum-purchase-through-galaxy-digital\/#Ethereum_Price_Performance\" title=\"Ethereum Price Performance\">Ethereum Price Performance<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"BitMines_Ethereum_Holdings_Continue_to_Grow\"><\/span>BitMine\u2019s Ethereum Holdings Continue to Grow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Arkham Intelligence, the purchase was executed through Galaxy Digital\u2019s OTC trading wallet in six separate transactions.<\/p>\n<p>BitMine\u2019s Current Holdings: 1.75 million ETH<br \/>\nTotal Value: Approximately $7.7 billion<br \/>\nShare of Total Ethereum Supply: 1.44%<\/p>\n<p>The company\u2019s ultimate goal is to hold 5% of Ethereum\u2019s total supply, which would make BitMine the largest institutional holder of ETH.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rising_Institutional_Demand_for_ETH\"><\/span>Rising Institutional Demand for ETH<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum treasuries have been growing rapidly in recent months due to increased institutional interest and strong inflows into spot ETH funds. For example:<\/p>\n<ul>\n<li>SharpLink Gaming recently purchased 39,008 ETH, bringing its total holdings to 837,230 ETH.<\/li>\n<li>According to The Block, publicly traded ETH treasury companies now hold a total of 2.77 million ETH.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_Price_Performance\"><\/span>Ethereum Price Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rising institutional demand has also contributed to ETH price strength:<\/p>\n<ul>\n<li>Last 30 days: ETH up 20%<\/li>\n<li>Bitcoin in the same period: down 3%<\/li>\n<li>Last 24 hours: ETH up 2%, trading at $4,408<\/li>\n<\/ul>\n<p>BitMine\u2019s latest acquisition underscores that institutional demand for Ethereum continues unabated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to on-chain data, crypto treasury firm BitMine Immersion Tech purchased 14,665 ETH (approximately $64.7 million) through Galaxy Digital. This move is seen as an indication that the company is further expanding its massive Ethereum reserves. BitMine\u2019s Ethereum Holdings Continue to Grow According to Arkham Intelligence, the purchase was executed through Galaxy Digital\u2019s OTC trading<\/p>\n","protected":false},"author":37,"featured_media":47817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,563,192,393,5384,840,847,336,58,105,501],"class_list":["post-50065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-ethereum","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMine Executes New Ethereum Purchase Through Galaxy Digital<\/title>\n<meta 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