The post BitMine Scoops $200M in ETH as Price Risks Major Crash appeared on BitcoinEthereumNews.com.

Ethereum Ethereum’s recent price softness hasn’t scared everyone away — in fact, one of its most influential corporate holders has stepped up its accumulation while the rest of the market hesitates. BitMine, already the largest institutional holder of Ether, boosted its stash this week with close to $200 million worth of fresh ETH purchases. Key Takeaways BitMine strengthened its position as the largest Ether treasury holder with nearly $200M in new buying. Mid-sized wallets continue selling into weakness, while big whales show limited action. Ethereum trades near $3,000 with RSI and MACD reflecting neutral momentum rather than trend strength. Analysts point to the $2,600 zone as a critical support — holding it could spark a reversal, while losing it risks a slide toward $1,500. Blockchain traces show two major inflows to BitMine-linked wallets — one sourced from BitGo and another involving FalconX — totaling more than 64,000 ETH acquired in 48 hours. The most recent batch, roughly 23,000 tokens, was secured on December 6 at slightly above $3,000 each. Tom Lee(@fundstrat)’s #Bitmine just bought another 22,676 $ETH($68.67M) 4 hours ago.https://t.co/H5PQRjt2oBhttps://t.co/Oyc0Cm1tob pic.twitter.com/vey8AwqmnF — Lookonchain (@lookonchain) December 6, 2025 This aggressive buying spree lands on top of BitMine’s already massive position. The firm disclosed holding 3.73 million ETH at the end of November, a cache now valued above $11 billion. Alongside Ether, its treasury includes positions in Bitcoin, Eightco Holdings and nearly $1 billion in cash — making BitMine second only to Michael Saylor’s Strategy in overall digital-asset value among corporations. Technical Picture: Weakness Meets Accumulation Ironically, BitMine is buying into a market that looks technically fragile. Ethereum has fallen more than 10% over the past month to around $3,000. The daily RSI hovers in neutral territory — neither oversold nor strong — and MACD momentum is flat, signaling hesitation rather than…

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Filed under: News - @ December 6, 2025 4:24 pm