BitMine has bought nearly 70,000 ETH again, and it surged nearly 20% yesterday.

Ethereum reserve company BitMine announced an additional purchase of nearly 70,000 ETH, bringing its total Holdings to 3.62 million Ether. However, with the fall in coin prices, the total asset value has shrunk to 11.2 billion USD. BitMine released its full-year results for the period ending August 31, 2025, last Friday. The annual net profit was 328 million USD, with a fully diluted earnings per share of (EPS) being 13.39 USD, and announced a yearly dividend of 0.01 USD per share.

BitMine buys ETH again, total Holdings have reached 3.62 million coins.

BitMine revealed its latest cryptocurrency holdings yesterday, which as of November 23, includes assets worth $11.2 billion:

3,629,701 ETH

192 bitcoins

38 million USD of Eightco Holdings stock (ORBS)

800 million USD of unallocated cash

BitMine believes the bottom is near, having bought nearly 70,000 ETH last week.

BitMine has acquired 69,822 Ether in the past week, helping its total ETH holdings reach 3% of the supply.

Chairman Tom Lee stated:

“The continuous fall in cryptocurrency prices over the past week reflects the liquidity issues that have been present since October 10, as well as the still weak price technicals. A few weeks ago, we pointed out the possibility of the Ethereum price dropping to around $2,500, and the current Ethereum price has essentially reached this level. This means that ETH is likely to rise in the near future.”

BitMine's annual net profit exceeds 300 million, mainly from “unrealized gains on digital assets”.

BitMine announced its full-year performance for the period ending August 31, 2025, last Friday. The full-year net profit was $328 million, with a fully diluted earnings per share of (EPS) at $13.39, and declared an annual dividend of $0.01 per share. However, the key point that turned the full-year profit into a loss was the “unrealized gains on digital assets,” as the market reversal has caused a paper loss of $2.2 billion. Chairman Tom Lee did not forget to express confidence, stating that a V-shaped rebound will appear soon!

(BitMine net profit comes from ETH unrealized gains, announcing dividends to create shareholder value)

BMNR rose nearly 20% yesterday, having fallen 80% from its peak.

BMNR surged nearly 20% yesterday with ETH's rebound, but has fallen 39% from a month ago at the $50 price point, and is down over 80% from the July high of $160. It is evident that the digital asset financial company (DAT) acts like an amplifier for cryptocurrencies; although it is dressed in the guise of traditional financial products, its volatility exceeds that of cryptocurrencies.

In this article, BitMine buys nearly 70,000 ETH, which surged nearly 20% yesterday, first appearing in Chain News ABMedia.