BitMine, a behemoth amongst coin-grabbers, flings another $199 million at Ether. A pittance, I say, a mere scratch for those who fancy themselves masters of the digital realm!
BitMine Immersion Technologies, the grandest collector of Ether this side of the virtual fence, continues to scoop up the ‘cheap stuff.’ They ignore the so-called ‘smart money’ – those traders predicting Ethereum’s doom and gloom. Fools! BitMine simply swallowed $199 million worth of Ether in the last two days. Such gluttony! 💸
The Corporate Leviathan Devours More Ether
BitMine completed a boastful $68 million ETH purchase on Saturday, and another $130.7 million on Friday, confirmed by the ever-watchful eyes at Lookonchain. A display of such ‘conviction,’ they call it. I call it a blatant flexing of digital muscle. 💪
Tom Lee()’s just bought another 22,676 ($68.67M) 4 hours ago.
– Lookonchain (@lookonchain)
They used to hoard, now they accumulate. They’ve already secured over 3% of the entire Ether supply! Their ambition? A full 5%. Why? Because they’ll buy, then stake, then reinvest the paltry rewards! It’s a cycle of self-aggrandizement! They want to control it, you see. Control! 😈
Related Reading: BitMine Buys Another $150 Million ETH Amid Wider Market Slowdown | Live Bitcoin News
BitMine is consistently stuffing its digital coffers with Ether. This relentless pursuit of more has been the story of 2025. By December, they’d amassed over 3% of the entire circulating supply. A truly terrifying spectacle of wealth accumulation. They’re getting closer, oh yes, closer and closer… to owning a piece of the future, or so they believe.
They see ETH not as mere coin, but as the very backbone of finance! A grand vision, but one coated in the cold, hard gleam of profit. Five percent is the goal, they declare, echoing with the arrogance of those who hold too much power. A foolish dream, or a meticulously crafted plan?
The scheme is simple, really: buy, stake, reinvest. A mechanical, soulless process befitting a corporation hungry for dominion. A CoinDesk article confirmed their strategy. Oh, the details, the details… they bore me. 🥱
Chairman Lee Dreams of a ‘Supercycle’
The Chairman, Tom Lee, speaks of a ‘supercycle’ driven by network upgrades and whispers of monetary policy shifts. He predicts riches! Of course he does. What else would a man at the helm of such an empire proclaim? It’s a grand narrative, spun to justify this relentless buying.
With these latest infusions of cash, BitMine now holds $11.3 billion, a commanding 3.08% of all Ether. StrategicEthReserve dutifully confirmed the numbers. They’re creeping closer to that 5% threshold, like a relentless shadow.
Their continued purchases are a testament to faith… or perhaps just a very deep pocket. They believe in ether’s potential, they say. Potentially lucrative for them, undoubtedly. Reserves of cash? Naturally. One needs ample fuel for such a grand acquisition. 🔥
This spree unfolds against a backdrop of market lethargy, a general decline in digital asset activity. But BitMine marches to the beat of its own drum, a dissonant rhythm in a quiet world. They are the exception, the bold investor, or simply the biggest bully on the block?
This accumulation continues despite the market’s tantrums, a show of long-term commitment. They believe ETH will become the dominant platform for… well, whatever ‘decentralized applications’ are. Sounds suspiciously utopian, doesn’t it? 🤨
This ‘supercycle’ promises exponential growth fueled by network upgrades like Fusaka. A dizzying prospect, but remember: the scent of future riches often masks the stench of speculation. BitMine’s actions are a clear signal of their resolute commitment to the Ethereum ecosystem. Or, you know, just a really big gamble.
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2025-12-07 09:43