Ethereum News Update: BitMine Bets on a Supercycle as Ethereum Faces Its Own 1990s Telecom Era
- BitMine's new CEO Chi Tsang faces a 34% stock decline amid Ethereum's slump. - The firm holds 3.5M ETH ($11.2B) as it aims to accumulate 5% of Ethereum's supply. - Market weakness and ETF outflows drove ETH down 8%, exacerbating BMNR's losses. - Despite volatility, BitMine added 110K ETH weekly, now holding 2.9% of the supply. - The strategy risks heavy exposure to Ethereum's recovery amid Fed uncertainty.
Shares of BitMine Immersion Technologies Inc. (BMNR) declined in tandem with a broader drop in
The leadership change signals a new direction for BitMine, which is targeting ownership of 5% of all Ethereum in circulation. Tsang, who previously worked at HSBC and founded a venture capital fund,
The drop in Ethereum’s value further pressured BMNR’s stock.
Even with the turbulence, BitMine continued to purchase Ethereum during the downturn.
Nonetheless, the company’s treasury approach leaves it vulnerable to market volatility. With BMNR’s shares down 35% since mid-August, its market value is now closely linked to Ethereum’s performance.
BitMine’s aggressive buying has cemented its leadership in the Ethereum treasury space,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Risks and Insights from the COAI Token Fraud: A 2025 Handbook for Cryptocurrency Due Diligence and Safeguarding Investors
- COAI Token's 2025 collapse caused $116.8M losses, exposing systemic risks in algorithmic stablecoins and centralized governance. - Project's 96% supply concentration in ten wallets, opaque team identities, and weak tokenomics flagged regulatory red flags. - Global regulators froze $150M in assets but exposed jurisdictional gaps, while EU and US introduced crypto frameworks with conflicting standards. - Investors now prioritize AI audits, multi-sig wallets, and KYC compliance to mitigate risks in speculat

COAI's Unexpected Downturn in Late 2025: A Warning Story on AI Stock Valuations and Governance Risks
- COAI Index's 88% YTD drop highlights systemic risks in speculative AI equities and crypto assets amid strong AI infrastructure growth. - C3 AI's Q3 revenue growth contrasts with non-GAAP losses, underscoring AI sector's profitability challenges vs. disciplined tech peers like Benchmark Electronics. - CLARITY Act's regulatory ambiguity and EU AI Act compliance costs deter institutional investment, exacerbating COAI's governance and liquidity issues. - COAI's "fake decentralization" and C3 AI's leadership

Vanguard opens platform to Bitcoin ETFs and ends two-year blockade

3 Strong Altcoin Picks Showing Clear Growth Momentum — GIGA, ALGO, and NOT
