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BitMine Makes Headlines: Shares Rise 8% on ETH Record!
BitMine increases shares by 8% thanks to 3.24 million ETH holdings. Find out more about the market and the reasons for its development.
BitMine Makes Headlines: Shares Rise 8% on ETH Record!
BitMine has seen a sharp increase in its share price today, October 20, 2025. The price rose over 8% after the company announced that it now holds 3.24 million Ethereum (ETH). This makes BitMine the largest Ethereum treasury in the world and the second largest corporate crypto treasury overall. This news has excited both investors and analysts in the crypto community.
BitMine's total crypto and cash reserves are an impressive $13.4 billion. This includes, among other things, a recently acquired amount of 203,800 ETH, which was added during a market decline at a value of approximately $800 million. The company's chairman, Thomas "Tom" Lee, explained that this purchase was the result of a "price discrepancy."
Key financial data and market position
BitMine also revealed other significant financial details, including $219 million in unencumbered cash, 192 Bitcoin, and a $119 million stake in Eightco Holdings. This strong financial basis allows the company to operate consistently in a volatile market landscape.
In terms of trading activity, BitMine has established itself as the 33rd most traded stock in the US. The average daily turnover is $2.1 billion. This positions the company just behind Costco and ahead of Eli Lilly in terms of trading volume among over 5,700 listed companies.
In addition, market analyzes show that BitMine, together with the company Strategy, accounts for 88% of the global trading volume in digital assets. This speaks to the company’s dominance in crypto trading.
Market development and prices
The market performance for Ethereum also appears to be stabilizing as the price has increased by almost 3% to the $4,000 mark in the last 24 hours. This recovery follows significant market deleveraging, which unsettled many investors but also provided opportunities for strategic purchases.
Overall, recent developments at BitMine show how companies in the crypto sector are using market volatility to strengthen their position and give investors confidence. KibMine’s innovative approaches and business savvy could continue to keep them at the forefront of the crypto market.
For more information please visit the article on Crypto News.