BitMine raises another 900 million USD to buy ETH, BMNR stock price soars 5%

Ethereum reserve company BitMine announced that it has purchased more ETH, bringing its total Holdings to 2.65 million Ether, with a total asset value of 11.6 billion USD. Chairman Tom Lee stated that AI and Crypto Assets remain the two major supercycle investment themes, maintaining a bullish outlook for ETH with a year-end target price of 10,000 USD. BMNR rose over 5% yesterday alongside the pump in Ether, closing at 53.22 USD.

BitMine holds 2.65 million Ether, with a total asset value of 11.6 billion USD.

BitMine revealed its latest Crypto Assets holdings. As of September 28, the Crypto Assets held by BitMine include:

2,650,900 ETH

192 Bitcoins

$157 million of Eightco Holdings stock (ORBS)

436 million USD in unallocated cash

The total net asset value is 11.6 billion USD. BitMine firmly holds the position as the largest ETH holder in the world, with its Crypto Assets scale only second to MicroStrategy (MSTR).

Since the last update on September 22, BitMine has purchased 234,846 ETH, worth over 900 million dollars, but the company's total assets have only increased by 200 million dollars, mainly due to the decline in coin prices.

AI and Crypto Assets remain two major super cycle investment themes.

BitMine Chairman Tom Lee stated:

“As we enter the last few months of 2025, the two major supercycle investment themes remain artificial intelligence and Crypto Assets. Both require a neutral public chain. Ethereum, with its high reliability and 100% uptime, naturally remains the preferred choice. These two powerful macro cycles will last for decades. With ETH's price below its future price, this is a good sign for the token and more beneficial for large ETH holders, therefore, we pursue a 5% alchemy of ETH.”

Tom Lee recently gave a speech at KBW in South Korea. He emphasized the “true neutrality” of Ethereum, which will make it the preferred blockchain for Wall Street and the White House. Lee also pointed out that BitMine and Strategy have become large-cap stocks and will be part of the major indices, attracting passive capital inflows. Meanwhile, Ether has shown low-end indicators after a mean reversion, with a year-end target looking at 10K~12K.

(Tom Lee: BitMine has become a large-cap stock, ETH low-level indicators are emerging, with a year-end target looking at ten thousand dollars)

This article states that BitMine invests another 900 million dollars to buy ETH, and the BMNR stock price surged by 5%, first appearing in Chain News ABMedia.