BitMine Takes the Lead in Ethereum Purchases as Corporate Treasury Accumulation Plummets by 81%

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 day ago

BitMine's Ethereum Accumulation: BitMine has aggressively increased its Ethereum holdings, acquiring 96,798 ETH in late November, bringing its total to 3.73 million ETH, making it the largest corporate holder of Ethereum with a value of approximately $8.95 billion.
Decline in Corporate Treasury Buying: Overall corporate treasury buying of Ethereum has plummeted by 81% since August, with November inflows dropping to $1.32 billion, indicating a significant reduction in institutional interest in direct treasury accumulation.
Contrarian Strategy and Future Plans: BitMine's strategy contrasts with its peers, as it plans to launch a yield-generating ETH infrastructure platform in 2026, potentially generating substantial annual income through staking.
Shift in Institutional Demand: Despite the slowdown in treasury purchases, demand for Ethereum through ETFs and staking entities has increased, suggesting a shift in institutional investment strategies towards regulated products rather than direct corporate holdings.

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Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.