BitMine Adds Over 200,000 ETH in “Aggressive” Shopping Weekend After Market Crash

After a brutal market correction that wiped billions off the crypto market, BitMine, one of the most active institutional crypto funds, made a bold move — accumulating over 200,000 ETH in what analysts are calling a “high-conviction bottom buy.”

📉 From Panic to Opportunity

The cryptocurrency market faced a sharp sell-off last week, with Ethereum dropping below $2,000 for the first time in months. Liquidations across leveraged positions caused cascading losses, triggering fear across retail and institutional traders alike.

While most investors were still reeling from the downturn, BitMine took the opposite route, reportedly spending over $400 million in ETH acquisitions between Saturday and Monday.

🏦 “Buying Blood in the Streets”

According to on-chain tracking data, BitMine executed multiple large purchases across both centralized and decentralized exchanges. Analysts described the buying behavior as “aggressive and highly strategic,” suggesting that the firm sees current prices as deeply undervalued relative to Ethereum’s upcoming catalysts.

“This is classic smart money behavior,” said one blockchain researcher. “They’re accumulating when retail capitulates. It’s a signal of long-term confidence.”

⚙️ Institutional Conviction in Ethereum

BitMine has been expanding its Ethereum exposure since early 2025, aligning with the growing institutional adoption of ETH as a yield-bearing and AI-compute asset. The firm’s latest move might also anticipate the next wave of ETF approvals and layer-2 adoption that could strengthen Ethereum’s ecosystem.

Data shows that BitMine now controls over 1.2% of the total ETH supply, solidifying its position among the largest non-exchange holders globally.

🚀 Market Reaction and Community Speculation

Following the news, ETH recovered sharply, bouncing back above $2,250 within 24 hours. Traders on X (formerly Twitter) speculated that BitMine’s accumulation could spark the next major Ethereum rally, especially if market sentiment shifts back to optimism.

Still, caution remains — analysts warn that macro conditions and Bitcoin volatility could keep the market unstable in the short term.

💬 Final Thoughts

BitMine’s weekend buying spree shows that even in times of extreme volatility, institutional players continue to view Ethereum as a cornerstone of the digital asset economy.

Whether this marks the true bottom or just another relief rally, one thing is clear: smart money is not afraid to go shopping when the market bleeds.