Key Highlights
- Bitmine acquired 67,111 ETH valued at approximately $144.8 million through Tuesday transactions tracked on blockchain networks.
- This purchase brings the company’s total Ethereum reserves to 4.66 million ETH, representing nearly $10 billion in value.
- Chairman Tom Lee confirmed the company has accelerated its Ethereum acquisition strategy throughout the past three weeks.
- Ethereum’s price stood at $2,154 late Tuesday, representing a decline exceeding 55% from its August 2025 all-time high.
- BMNR shares concluded Tuesday’s session at $20.8, with gains appearing during extended trading hours.
Bitmine executed a substantial Ethereum acquisition totaling $145 million on Tuesday, according to blockchain tracking services. The transfers originated from Kraken exchange and moved to two distinct wallet addresses. This strategic move solidifies Bitmine’s standing as the premier corporate holder of Ether globally.
Major Ethereum Acquisition Tracked on Blockchain
Onchain data confirms Bitmine secured 67,111 ETH in transactions worth approximately $144.8 million. The digital assets transferred from Kraken exchange into two designated wallet addresses. EmberCN, a blockchain analytics firm, verified these movements through monitoring infrastructure.
This acquisition elevates Bitmine’s total Ethereum reserves to 4.66 million ETH. According to StrategicETHReserve tracking systems, this position carries a market value approaching $10 billion. The holding represents approximately 3.86% of Ethereum’s current circulating token supply.
The company previously revealed purchasing 65,341 ETH beginning March 16. Tom Lee, serving as Bitmine’s chairman, commented on the acquisition approach in an official statement. Lee noted, “Bitmine has maintained the increased pace of ETH buys in each of the past three weeks.”
Lee further elaborated on the firm’s market perspective. He indicated the company views Ethereum as entering the concluding phase of what he termed a mini-crypto winter. The accelerated purchasing schedule reflects this strategic evaluation.
Current Ethereum Valuation and Trading Metrics
Ethereum reached $2,154 during late Tuesday trading at 11:00 p.m. ET. The cryptocurrency recorded a 1% increase across the preceding 24-hour period. Despite this uptick, Ethereum trades more than 55% below its August 2025 record high approaching $4,900.
Bitmine’s recent acquisition carried an average cost basis near $2,160 per ETH. Market observers calculated this figure based on the total transaction value divided by token quantity. This purchase price tracks closely with prevailing market rates.
Ethereum has maintained support levels surrounding the $2,000 threshold throughout recent trading sessions. Technical analysts have identified resistance zones near $2,500. Exchange data demonstrates consistent activity across primary trading pairs.
Trading volume statistics for ETH/USDT and ETH/BTC pairs indicate sustained market interest. Blockchain analytics reveal expansion in active wallet addresses and daily transaction volumes. Major exchanges maintained robust liquidity throughout Tuesday’s trading session.
Share Price Movement and Corporate Treasury Rankings
Bitmine’s publicly traded shares under ticker symbol BMNR finished Tuesday at $20.8. Regular trading hours saw a 2.21% decline in share value. After-hours trading produced a recovery, with shares advancing 1.88%.
Bitmine Immersion Technologies, Inc., BMNR
BMNR shares have experienced a decline approaching 60% over the preceding six-month timeframe. Market analysts continue observing stock movements relative to treasury acquisition announcements. Share performance corresponds with recent Ethereum purchase disclosures.
StrategicETHReserve rankings position Bitmine as the foremost corporate Ethereum treasury holder globally. SharpLink Gaming occupies second position with approximately 863,021 ETH in reserves. The Ether Machine maintains roughly 496,712 ETH, based on identical tracking sources.
These valuations derive from publicly monitored wallet addresses and blockchain records. Onchain verification systems substantiate the recent inflows to Bitmine-associated addresses. Tuesday’s purchase represents the company’s most current documented Ethereum treasury expansion.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
