Multimillion-dollar purchases for altcoins are big moves, and institutional demand here has bigger consequences. Bitcoin 
$86,126.41 At the time of writing, its price is at 86 thousand dollars and altcoins are experiencing losses exceeding 5 percent. But despite all the negativity, BitMine announced a new acquisition.
4 Million ETH
With today’s announcement, BitMine announced that it has reached a reserve of almost 4 million ETH. BitMine is the largest after Strategy cryptocurrency reserve company. Moreover, it holds ETH, not BTC, and when the market value of the altcoin king is much lower than BTC, billion-dollar purchases have greater consequences here.
Although ETH fell below $3,000 as the expected decline started with the US market opening, it is still strong. With today’s announcement, BitMine announced that its total ETH assets have reached 3.97 million. This shows that they are even closer to the 5% supply target with 3.2%. The company, which is already halfway there, is preparing to increase its reserves to over 4 million.
With an average daily trading volume of $1.9 billion, BMNR is the 41st most popular stock in the United States.
ETH The company, which reduced its costs to $3,074 per head, has been saving for just a few months. BitMine President Tom Lee wrote in today’s announcement;
“BitMine continues to steadily increase its ETH holdings and added 102,259 ETH last week. Crypto prices stabilized last week, which is further evidence that crypto prices are starting to recover after the price shock on October 10th.
In 025, there were many positive developments in crypto assets, including positive laws and favorable regulations passed by the US Congress and strengthening support from Wall Street. “These reinforce our belief that the best days for cryptocurrencies are ahead of us and are the reason we continue to accumulate ETH towards our ‘5% alchemy’ goal.”
Ethereum (ETH)
The company, which will hold its annual shareholder meeting at Wynn Las Vegas on January 15, 2026, will probably be announced by MSCI on the same day. crypto reserve companies He will be devastated by the news that he has been kicked out of the index. Subject Strategy (MSTR) Although it is discussed around MSCI’s view of crypto reserve companies as funds and excluding them from indices, it is also a big problem for BitMine. Therefore, it is possible that pressure will increase on Ether as we move towards the end of the year.
cryptocurrencies We mentioned that it started the expected downward movement today and you can see the reasons when you examine the previous news. If the sales continue, $2,814 and $2,638 levels seem possible for ETH. ETH, which did not lose $ 3,400 even in the October 10 crash, was worn out in the following period and made deeper bottoms as this key area turned into resistance.
