DeFI News by Thebittimes.Com

The Ethereum price plunged 2% in the last 24 hours to trade at $4,013 as of 3:33 a.m. EST on trading volume that dropped 28% to $41.6 billion. Tom Lee’s BitMine Immersion Technologies took the opportunity buy the dip, snapping up 104,336 ETH worth about $417 million from Kraken and BitGo, according to on-chain data from Lookonchain. The fresh acquisition follows the company’s $828 million purchase last week. It looks like Bitmine(@BitMNR) just bought another 104,336 $ETH($417M). Over the past 7 hours, 3 new wallets received 104,336 $ETH($417M) from #Kraken and #BitGo. Despite the crypto market crash, Tom Lee still predicts $ETH will hit $10K by year-end.https://t.co/KewyZ4cAeP… pic.twitter.com/Vn5b9ijP2Z — Lookonchain (@lookonchain) October 16, 2025 “The crypto liquidation over the past few days created a price decline in ETH, which BitMine took advantage of,” said BitMine chairman Lee.  “Volatility creates deleveraging, and this ...

Tom Lee’s BitMine has become the second-biggest crypto treasury company globally after Michael Saylor’s Strategy after it added 373,110 Ethereum tokens to its reserves over the past week. That series of buys has pushed the company’s total ETH holdings to 1,523,373 tokens valued at $6.44 billion at current prices, according to data from StrategicETHReserve.  BitMine now holds 1.26% of the total ETH supply, and has more than double the amount of ETH on its balance sheets compared to its nearest rival, SharpLink Gaming.  Top 5 biggest ETH treasury companies (Source: StrategicETHReserve)  SharpLink Gaming holds 728.8K ETH valued at $3.08 billion, while the third-biggest ETH treasury company is The Ether Machine with as stockpile of 345.4K ETH valued at $1.46 billion. BitMine Now Only Behind Strategy In Crypto Holdings BitMine shared an update on its ETH holdings via an Aug. 18 X thread to say its ETH holdings gained $1.7 billion in value in just ...