《BitMine逆势抄底38万枚ETH：一场关于以太坊的「价值信仰」豪赌》
$ETH #ETH🔥🔥🔥🔥🔥🔥 #meme板块关注热点 #美联储降息预期
After the epic collapse of the cryptocurrency market on October 11, 2025, BitMine, an Ethereum treasury company, became the most notable 'contrarian investor.' According to on-chain data, it has accumulated an additional 379,000 ETH (approximately $1.48 billion) since October 11, including 72,900 ETH added during the downturn two days ago, 104,300 ETH purchased four days ago, and a large purchase of 202,000 ETH after the weekend crash.
As the world's largest Ethereum reserve institution (holding over 3 million ETH, accounting for 2.5% of the total supply), BitMine's transformation can be described as the 'crypto version of Berkshire Hathaway.' This former Bitcoin miner announced a strategic shift in June 2025, planning to increase its ETH holdings to 5% of the global circulation through staking returns, stock issuance, and asset disposal. Its chairman, Wall Street veteran analyst Tom Lee, stated, 'BitMine aims to become the MicroStrategy of Ethereum.'
This contrarian move comes as ETH breaks the key support level of $4,000, with BitMine's average purchase cost around $3,935, close to historical lows. Analysts point out that the company is trying to reshape the valuation model of 'ETH per share' through on-chain transparency in reserves, reinvestment of staking returns, and capital operations. Although there is a short-term unrealized loss of approximately $4.42 million, its holdings have already attracted institutional capital inflows, pushing ETH back above the $3,900 mark on October 19.
Behind this gamble is BitMine's deep bet on the Ethereum ecosystem—from DeFi applications to Layer 2 scaling, from ETH staking returns to quantum computing resistance potential. As Tom Lee said, 'We are not betting on short-term prices, but on the revolution of blockchain infrastructure.'
