BitMine stock spikes as Ethereum reserves hit 60% of targeted level

Crypto BriefingTuesday, November 25, 2025 at 2:58:28 AM
BitMine stock spikes as Ethereum reserves hit 60% of targeted level
  • BitMine's stock has surged as the company reported that its Ethereum reserves have reached 60% of its targeted level, indicating a significant increase in its holdings. This development follows the acquisition of an additional 21,537 Ethereum tokens for approximately $60 million, bringing its total Ethereum holdings to over 3% of the total supply.
  • The increase in Ethereum reserves positions BitMine strategically within the cryptocurrency market, enhancing its influence and potential for future growth. This move is particularly noteworthy given the company's ongoing challenges, including around $4 billion in unrealized losses.
  • The broader cryptocurrency landscape is witnessing fluctuations, with BitMine's aggressive accumulation of Ethereum reflecting a strategic commitment to capitalize on market recovery. This trend highlights the ongoing volatility in the crypto market, as companies navigate both opportunities and risks, including liquidity concerns and the potential for future staking initiatives.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Tether’s Hadron taps Crystal Intelligence for RWA compliance infrastructure
PositiveCryptocurrency
Tether's Hadron has integrated Crystal Intelligence to bolster its compliance infrastructure for Real World Assets (RWA), aiming to enhance the security and scalability of tokenized assets. This strategic move reflects Tether's commitment to maintaining regulatory compliance in the evolving cryptocurrency landscape.
KuCoin secures AUSTRAC registration to operate as crypto exchange in Australia
PositiveCryptocurrency
KuCoin has secured registration with AUSTRAC, allowing it to operate as a cryptocurrency exchange in Australia. This registration marks a significant step in enhancing regulatory compliance and expanding the accessibility of digital currencies in the Australian market.
SGX’s Bitcoin and Ethereum Perpetual Futures Debut Strong with $35 Million Volume
PositiveCryptocurrency
SGX has successfully launched Bitcoin and Ethereum perpetual futures, achieving a notable trading volume of $35 million on their debut. This marks a significant entry into the cryptocurrency derivatives market, reflecting growing interest from investors in these digital assets.
Santiment observes surge in Bitcoin wallets holding 100 BTC
PositiveCryptocurrency
Santiment has reported a notable increase in Bitcoin wallets holding 100 BTC, suggesting a strategic accumulation by investors who are anticipating potential market recovery. This trend indicates a shift in investor behavior amidst recent market fluctuations.
‘Buy now, pay later’ giant Klarna debuts stablecoin on Stripe-backed Tempo blockchain
PositiveCryptocurrency
Klarna has launched a stablecoin on the Tempo blockchain, which is backed by Stripe, marking a significant step in the evolution of payment systems. This development aims to enhance transaction efficiency and reduce costs for users globally.
BlackRock deposits $391M in Bitcoin to Coinbase Prime
PositiveCryptocurrency
BlackRock has deposited $391 million in Bitcoin into Coinbase Prime, highlighting the increasing integration of cryptocurrency assets into traditional financial systems. This move reflects BlackRock's ongoing strategy to enhance its digital asset offerings amid a rapidly evolving market landscape.
Solana Nears $140 As Crypto Rotates Back to Risk: Could Maxi Doge Run Next?
PositiveCryptocurrency
Solana's price has approached $140, buoyed by strong ETF inflows and increased network revenue, indicating a renewed risk appetite in the cryptocurrency market. The cryptocurrency has shown resilience, trading in the high $130s with a market cap around $76 billion, suggesting significant liquidity from institutional investors.
Metaplanet raises $130M to buy more Bitcoin and expand income operations
PositiveCryptocurrency
Metaplanet has successfully raised $130 million to enhance its Bitcoin holdings and expand its income operations, reflecting a strategic move towards greater institutional adoption of cryptocurrency. This funding aims to bolster the company's position in the evolving digital asset landscape.