Ethereum Recovery: Bitmine with record stocks over $ 11 billion!

Ethereum Recovery: Bitmine with record stocks over $ 11 billion!

On October 2, 2025, the price for Ethereum (ETH) is $ 4,180. This positive development in cryptocurrency is partly due to the rapid stocks of Bitmine Immersion Technologies (BMNR), which now hold 2.65 million ETH worth around $ 10.8 billion. Last week, Bitmine acquired 234,850 ETH and thus continued his accumulation strategy, which causes a stir in the industry.

With these stocks, Bitmine is currently the largest publicly traded Ethereum trasury, which holds more than three times as much as the next largest competitor, Sharplink Gaming (SBet), which has around 838,700 ETH. These massive investments are also reflected in the financial health of Bitmine, which has $ 11.6 billion in crypto and bar stocks, including 194 BTC, a share of $ 157 million in WorldCoin (WLD) and $ 436 million in cash.

Current market developments

Bitmine was able to achieve over $ 365 million in the last week by selling 5.217.715 shares at a price of $ 70 per share to an institutional investor. This reaffirms trust in the future development of the platform and its investments.

On the Ethereum market itself, the US spot Ethereum ETFs experienced net drains of $ 795 million last week. At the same time, liquidations of $ 126.1 million were recorded in Futures in the last 24 hours, which mainly resulted from liquidated short positions of $ 106.7 million.

Technical analysis and price development

Ethereum had to find support at around $ 3.800, which is above the 100-day simple moving average. Over the weekend, ETH was able to recapture the $ 4,000 mark. The technical analysis shows that the course now meets with resistance at $ 4,100, together with a descending trend line since September 13th. A breakthrough through these resistors could possibly bring the $ 4,500 mark within reach.

The relative strength index (RSI) and the Stochastic Oscillator (Stoch) indicate a positive tendency with a decreasing stear momentum. However, if the support on the 100-day SMA cannot be kept, ETH could once again encounter support at around $ 3,500.

Developments in the Ethereum market, in particular through the strategic investments of Bitmine, also have a decisive role in the coming weeks for the pricing and market psychology of ETH.

For more information about the current market situation and Ethereum prices, please visit Fxstreet.