BitMine’s ETH Hoard Hits 2.1M – Crypto’s New Whale King? 🐳💰

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Well, slap my wallet and call me Ethereum-rich! 🤑 Earlier today, the treasure-hoarding wizards at BitMine Immersion Technologies (BMNR) decided their pile of ETH wasn’t quite big enough. So, they went ahead and scooped up another 46,225 tokens, because why not? This little shopping spree bumped their total ETH stash to a jaw-dropping 2.1 million. That’s right, folks-2.1 million ETH. My calculator just threw up its hands and quit. 🤯

BitMine’s ETH Pile: Now Bigger Than My Student Loan Debt

According to a chirpy X post by the number-crunchers at Lookonchain, BitMine’s wallet is now fatter than a Thanksgiving turkey. 🦃 Their latest purchase? A cool $200 million worth of ETH. Because, you know, they were feeling a bit light in the digital pockets. Back in September, they dropped a casual 202,500 ETH, pushing their total past the 2 million mark for the first time. Their goal? Own 5% of all ETH in existence. Ambition? Check. Sanity? Questionable. 🤔

This NYSE-listed firm has been on an ETH buying binge all summer, like a kid in a candy store-except the candy is worth billions. After today’s haul, their ETH hoard is now valued at roughly $9.27 billion. That’s more than most countries’ GDPs. 🌍💸

And get this: BitMine is now the undisputed ETH whale king among public companies. SharpLink is a distant second with a measly 837,230 ETH. Coinbase, Bit Digital, and ETHZilla round out the top five, but let’s be honest-they’re just fighting for scraps at this point. Oh, and nine out of the top ten ETH holders are US-based. 🇺🇸🦅

BitMine’s ETH Holdings Chart

Meanwhile, BitMine’s stock (BMNR) is partying like it’s 2021, up 4.93% today and a staggering 559% year-to-date. If only my retirement fund could pull off those numbers. 📈🤦‍♂️

BitMine Stock Performance

ETH vs. Bitcoin: The Crypto Cage Match

Now, let’s talk about the elephant in the room-or should I say, the Bitcoin in the room? 🐘 As more firms cozy up to ETH, poor old Bitcoin is starting to look like yesterday’s news. But don’t cry for BTC just yet; it’s still got its fans. Still, the trend is clear: ETH is the new black. 🖤

Just yesterday, Cyprus-based Robin Energy dropped $5 million on ETH. SharpLink added 56,533 ETH to its stash in August, and Jack Ma’s Yunfeng Financial threw $44 million into the ETH pot earlier this week. It’s like everyone got the memo: ETH is where it’s at. 📝✨

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So, there you have it. BitMine is swimming in ETH, companies are betting big on the future of Ethereum, and Bitcoin is… well, Bitcoin. Stay tuned, folks-this crypto rollercoaster isn’t slowing down anytime soon. 🎢💹

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2025-09-12 09:13