Ethereum Frenzy: BitMine Gobbles $1.5B Like Chocolate 🍫

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Oh, the wibbly-wobbly world of Ethereum! BitMine has been scooping up coins like a greedy little goblin, despite the market screaming “Stop!” Markets are now squinting suspiciously at every move, wondering if this is sheer genius or just a wild, glittery gamble. 🎩✨

Gobsmacking Hoarding Continues

According to Arkham Intelligence and the cheekily named tracker ‘BMNR Bullz’, BitMine Immersion Technologies snatched up a whopping 379,271 ETH in three jumps: 202,037 ETH after a weekend tantrum, 104,336 ETH on Thursday, and 72,898 ETH on Saturday. Like a giant squirrel hoarding nuts for winter! 🐿️

The haul is reportedly worth nearly $1.5 billion. BitMine hasn’t officially confirmed, but the public ledgers are waving their little flags, saying “Yep, it happened!”

BitMine’s Gigantic Stash and Terrific Timing

BitMine apparently clutches over 3 million ETH, which is about 2.5% of all the Ether in the universe. At recent prices, that’s roughly $11.7 billion – enough to make even a dragon blush. 🐉

MASSIVE ETHEREUM ACCUMULATION

BitMine just went FULL PIGGY BANK on $ETH scooping up 379,271 ETH ($1.48B) during the dip!

+72,898 ETH ($281M) yesterday
+104,336 ETH ($417M) three days ago
+202,037 ETH after weekend chaos

Tom Lee wasn’t joking when he said…

– BMNR Bullz (@BMNRBullz) October 18, 2025

BitMine is plotting to snag 5% of the entire supply, and only began this treasure hunt in early July when Ether was near $2,500. Tom Lee of Fundstrat has been splashing around too, buying $1.5 billion worth since the crash, proving some big brains still see sunshine behind the clouds. 🌞

Questions About DAT Pricing

Lee also warned that the shiny hype around digital asset treasuries (DATs) might be fading faster than ice cream on a sunny day 🍦. Many DATs are trading at or below their net asset value, making investors squirm like cats in a bathtub. 🛁

10x Research reported several DATs hovering near or under NAV, leaving market watchers asking: is this a minor hiccup, or a full-blown belly flop?

Meanwhile, Huobi founder Li Lin is reportedly raising about $1 billion to toss into an Ether treasury – showing some firms still fancy a taste of the spicy crypto pudding. 🥄

Bullish Dreams Meet Market Woes

Lee predicts Ethereum could “flip” Bitcoin like a pancake – reminiscent of how Wall Street toppled gold after 1971. But beware! Investors are still nursing their wounds from a record leverage meltdown. 🩹

Markets are down 15% since October 7, while gold has sulked down about 3%. The big holders are plotting their next moves like mischievous elves. 🧝‍♂️

Over the weekend I witnessed something every crypto investor should notice. Ethereum got so crowded that fees shot past $1,000 just to move tiny amounts. That’s like paying a thousand-dollar toll for a teeny, tiny road…

– Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) October 16, 2025

Network Gets Squishy

As Ethereum groaned under the weight of traffic, Kevin O’Leary blew the whistle. Simple transactions briefly cost $1,000, highlighting that even magical blockchains have their limits. 🧙‍♂️

Etherscan confirmed the drama: average daily gas prices hit a nine-month high last Friday. Markets cheered, groaned, and held their noses. 🤏💨

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2025-10-19 20:06