The post BitMine Buys 14,618 Ethereum Worth $44.34 Million Through BitGo appeared on BitcoinEthereumNews.com. Key Points: BitMine acquires 14,618 ETH worth $44.34 million amid market tightness. Part of a strategy to hold 5% of Ethereum’s supply. Reflects strong institutional confidence in Ethereum’s DeFi role. BitMine Immersion has acquired 14,618 Ethereum from BitGo, valued at $44.34 million, continuing its strategic purchase to enhance cryptocurrency holdings by late November 2025. The acquisition strengthens BitMine’s position, impacting Ethereum’s supply dynamics amid current liquidity challenges, highlighting institutional confidence in the cryptocurrency’s long-term potential. BitMine’s Strategy: Controlling 5% of Ethereum Supply BitMine Immersion, under the leadership of Chairman Tom Lee, has made a significant acquisition of 14,618 Ethereum from BitGo. This purchase, valued at $44.34 million, is a component of the company’s larger strategy to obtain around 5% of Ethereum’s circulating supply. This strategy, known as the “Alchemy of 5%”, indicates BitMine’s shift from mining to a focus on digital asset treasury building. This event potentially augments BitMine’s influence on Ethereum’s liquidity, gradually positioning the company as a pivotal large-scale holder of Ethereum. BitMine’s growing treasury is significantly influencing Ethereum’s market dynamics, reflecting important changes within the industry. The implications include a possible reduction in available supply and alterations in digital asset liquidity. BitMine’s acquisitions reflect institutional confidence in Ethereum’s price and DeFi utility, aligning with increased stablecoin supply and activity on Ethereum. – Tom Lee Ethereum Market Dynamics and Institutional Influences Did you know? BitMine’s objective of amassing such a large portion of Ethereum’s supply is reminiscent of other institutional moves that have historically led to stronger market positions and increased asset confidence. According to CoinMarketCap, Ethereum’s current price is $2,998.44, with its market capitalization standing at $361.90 billion. The trading volume in the past 24 hours reached $15.97 billion, showing a 25.72% decrease. Price changes indicate a 30-day downturn of 24.57%, continuing a broader trend seen over… The post BitMine Buys 14,618 Ethereum Worth $44.34 Million Through BitGo appeared on BitcoinEthereumNews.com. Key Points: BitMine acquires 14,618 ETH worth $44.34 million amid market tightness. Part of a strategy to hold 5% of Ethereum’s supply. Reflects strong institutional confidence in Ethereum’s DeFi role. BitMine Immersion has acquired 14,618 Ethereum from BitGo, valued at $44.34 million, continuing its strategic purchase to enhance cryptocurrency holdings by late November 2025. The acquisition strengthens BitMine’s position, impacting Ethereum’s supply dynamics amid current liquidity challenges, highlighting institutional confidence in the cryptocurrency’s long-term potential. BitMine’s Strategy: Controlling 5% of Ethereum Supply BitMine Immersion, under the leadership of Chairman Tom Lee, has made a significant acquisition of 14,618 Ethereum from BitGo. This purchase, valued at $44.34 million, is a component of the company’s larger strategy to obtain around 5% of Ethereum’s circulating supply. This strategy, known as the “Alchemy of 5%”, indicates BitMine’s shift from mining to a focus on digital asset treasury building. This event potentially augments BitMine’s influence on Ethereum’s liquidity, gradually positioning the company as a pivotal large-scale holder of Ethereum. BitMine’s growing treasury is significantly influencing Ethereum’s market dynamics, reflecting important changes within the industry. The implications include a possible reduction in available supply and alterations in digital asset liquidity. BitMine’s acquisitions reflect institutional confidence in Ethereum’s price and DeFi utility, aligning with increased stablecoin supply and activity on Ethereum. – Tom Lee Ethereum Market Dynamics and Institutional Influences Did you know? BitMine’s objective of amassing such a large portion of Ethereum’s supply is reminiscent of other institutional moves that have historically led to stronger market positions and increased asset confidence. According to CoinMarketCap, Ethereum’s current price is $2,998.44, with its market capitalization standing at $361.90 billion. The trading volume in the past 24 hours reached $15.97 billion, showing a 25.72% decrease. Price changes indicate a 30-day downturn of 24.57%, continuing a broader trend seen over…