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Ethereum Aggressive Buying Spree From Bitmine – Here’s How Much They’ve Bought This Month

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The broader cryptocurrency market has sprung back to life again, with Ethereum rising back above the $4,600 price mark after a renewed bullish move. Within the period of bullish action, Bitmine Immersion has gone on a significant buying spree, acquiring thousands of ETH in the month of September alone.

Bitmine’s Unstoppable Ethereum Buying Spree

Ethereum’s price is experiencing a newfound upward strength as the leading altcoin draws dangerously closer to the $4,700 level. While ETH is gaining bullish traction, Bitmine Immersion Technology Inc., a leading treasury company, is doubling down on the asset with its steady, significant purchases.

In a post from Crypto Patel on the social media platform X, the expert revealed that the treasury company has been buying ETH at a massive scale this month alone. The company’s frequent and substantial ETH acquisitions demonstrate its robust belief in the asset’s potential for long-term growth.

Even as market fluctuations continue to test investor confidence, Bitmine appears to be unshaken by the previous price swings. This substantial acquisition fuels the argument that ETH’s place in the future of smart contracts and decentralized finance is still far from fully priced in.

Bitmine heavily buying ETH | Source: Chart from Crypto Patel on X

Data shared by Crypto Patel shows that the company has scooped up over 276,800 ETH in just 14 days, valued at roughly $1.3 billion. It is worth noting that this 276,800 ETH was acquired in just 2 weeks, particularly on September 7 and 14. In the first week of this month, Bitmine accumulated 74,300 ETH, while the second week saw 202,500 ETH.

Such a massive purchase reinforces Bitmine’s leading role in ETH treasury strategy and strengthens its position in the general crypto landscape. Considered an aggressive accumulation by any standard, Crypto Patel stated that the buying spree is a strong signal of institutional conviction in ETH’s long-term value. 

Large Investors Are Sharply Scooping Up ETH

During this renewed bullish action, ETH‘s largest investors are making their presence felt once again in the market. Crypto Patel has outlined a growing positive sentiment among these large investors, also known as whales, as they continued to accumulate the asset.

According to Crypto Patel, big money players on Ethereum are stacking more than ever before. On-chain data shows that Ethereum whales holding between 10,000 ETH and 100,000 ETH have just climbed to a new all-time high. Presently, a significant portion of the supply is controlled by these wallets, indicating increasing accumulation.

In addition to indicating a notable growing pattern of accumulation, this recent spike in whale balances also suggests a strong belief in the altcoin’s prospects. Crypto Patel noted that whale confidence at this scale typically precedes large market moves. As large investors double down on the altcoin, the expert stated that strong on-chain support is forming.

ETH trading at $4,600 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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Bitcoin Sharks Quietly Add 65,000 Btc In Major Accumulation Spree
Crypto Trends

Bitcoin Sharks Quietly Add 65,000 BTC in Major Accumulation Spree

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Bitcoin wallets holding between 100 and 1,000 BTC added 65,000 BTC to their reserves in just one week, according to new data from CryptoQuant. The surge highlights renewed demand from so-called “sharks” as the asset recovers from two-month lows.

Sharks drive accumulation

CryptoQuant’s latest report revealed that these mid-sized addresses now hold a record 3.65 million BTC. XWIN Research Japan, a CryptoQuant contributor, noted that the buying spree occurred even with spot prices hovering around $112,000, underscoring a growing divergence between short-term volatility and deeper structural demand.

Bitcoin UTXO Value Bands. Source: CryptoQuant

Short-term holders back in profit

While conviction buyers moved quickly, speculative traders were slower to react. Short-term holders, those clinging to coins for six months or less, finally crawled back into profit last Friday. CryptoQuant data shows their Spent Output Profit Ratio (SOPR) flipped positive after nearly a month of bleeding coins on-chain at a loss, a reminder of how fragile retail conviction can be when volatility bites.

BTC Short Term Holder. Source: CryptoQuant

The takeaway

While small traders waver, mid-sized wallets have been quietly stacking 65,000 BTC in a week—proof that structural demand isn’t just alive, it’s flexing. 

BTC Long-Term Holder. Source: CryptoQuant

Long-term holders may still be sitting on their hands, but the flow of coins tells a different story: conviction capital is drowning out retail noise, and that imbalance could fuel Bitcoin’s next decisive leg higher.

Also Read: Bitcoin ETF Boom Hits A Wall As TradFi Lose Appetite



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180,000,000 ADA in Massive Buying Spree, Price Up 9%
NFT Gaming

180,000,000 ADA in Massive Buying Spree, Price Up 9%

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After multiple days of mimicking the broader crypto market downtrend, Cardano has suddenly flipped to the gainers’ side on August 22nd. 

This positive trend witnessed today appears to have been spurred by the massive Cardano whale activity recorded over the last two days, according to data shared by popular crypto analyst Ali Martinez.

According to Ali, Cardano whales have scooped up 180,000,000 ADA in the last 24 hours, a bullish move signaling resilience among large investors despite the recurring market bloodbath.

$167 million in ADA in 2 Days

While the market had only flipped positive today with Cardano seeing a sudden shift in investors’ sentiments, the data suggests that the whales had doubled down on ADA while it was on the downside.

Per ADA’s price as of press time, the total ADA tokens scooped by Cardano whales over the last 2 days is worth over $167 million, signaling renewed confidence among investors.

While whales play the role of large investors who own a significant amount of the concerned cryptocurrency, the sustained interest by the large holders despite negative trends hints at a decisive attempt to buy the dip on Cardano.

Following the massive price surge witnessed today, ADA touched a notable low of $0.82 on August 22nd and surged massively by over 9% a few hours after then. As such, the tenth-largest cryptocurrency by market capitalization has hit an intraday high of $0.93 on the same day.

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While Cardano’s ADA has traded below $0.8 during the period of the accumulation, its massive price surge suggests massive gains for the holders of the major 180,000,000 ADA tokens.

With the positive performance displayed by the asset, optimism surrounding Cardano has surged significantly as speculations predicted more rally ahead. Recent developments in the crypto ecosystem suggest institutional demand and adoption of Cardano have continued to rise.

The massive whale activity involving ADA suggests renewed confidence in Cardano’s structural values for big businesses, as the trend suggests the asset is becoming the center of attraction among high-profile investors and institutional investors.

Although ADA had just kickstarted its price surge today, investors are positive that there are more price rallies ahead which could see the asset break out to achieve a new ATH.



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(Source: NBIM, K33 Research via X)
NFT Gaming

Brevan Howard, Goldman Sachs and Harvard Lead Billions in Bitcoin ETF Buying Spree

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Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC).

Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter, according to a securities filing. The macro-focused hedge fund held 37.9 million shares at the end of June, up from about 21.5 million in March.

The stake was worth more than $2.6 billion based on IBIT’s closing price on June 28, making Brevan Howard one of the largest reported institutional holders of IBIT alongside Goldman Sachs, which boosted its position to $3.3 billion in IBIT and Fidelity’s Wise Origin Bitcoin Trust (FBTC). The banking giant also held $489 million worth of the iShares Ethereum Trust (ETHA), according to a filing.

Goldman’s ownership of the ETFs isn’t necessarily a direct wager by its trading desk on bitcoin’s price; rather, it more likely represents positions held by Goldman Sachs Asset Management on behalf of its clients.

Brevan Howard, best known for macro trading, however, has long been active in the crypto space and operates a dedicated digital asset division called BH Digital. The unit manages billions in assets and invests in blockchain infrastructure, decentralized finance and related technologies.

Harvard, Wells Fargo and more

Other major IBIT investors include Harvard University, which reported a $1.9 billion stake in the ETF, and Abu Dhabi’s Mubadala Investment Company, which continues to hold $681 million.

In terms of U.S. banks, Wells Fargo nearly quadrupled its holdings of IBIT to $160 million, up from $26 million in the previous quarter, while maintaining a $200,000 stake in the Grayscale Bitcoin Fund (GBTC).

Cantor Fitzgerald also boosted its holdings to over $250 million while also increasing stakes in crypto-related stocks, including Strategy (MSTR), Coinbase (COIN) and Robinhood (HOOD), among others.

Trading firm Jane Street revealed holding a $1.46 billion stake in IBIT, which represents the largest single position in its portfolio after Tesla (TSLA) at $1.41 billion. It increased its stake in MSTR while reducing its holdings of FBTC.

Spot bitcoin ETFs like IBIT, which launched in January, allow investors to gain exposure to bitcoin’s price without directly holding the cryptocurrency. That structure offers traditional institutions an avenue to participate in the crypto market through familiar brokerage accounts and custodial arrangements.

Norway buys more

For some overseas entities, gaining exposure to bitcoin is easier through U.S.-listed companies that hold large amounts of BTC on their balance sheets.

That’s the approach being taken by Norway’s sovereign wealth fund, along with several other European state-backed investors, which are opting for equity stakes in crypto-adjacent firms rather than holding the crypto directly.

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian central bank and the entity that manages the country’s $2 trillion pension fund, now indirectly holds 7,161 BTC, according to a new note from K33 Research. That figure is up 192% from 2,446 BTC a year ago, and up 87% from the 3,821 BTC it held at the end of 2024.

(Source: NBIM, K33 Research via X)

The largest portion of its exposure — 3,005 BTC — comes through shares in Strategy. The rest is spread across companies like Marathon Digital, Coinbase, Block, and Metaplanet. K33 also counted GME (GameStop) and several smaller holdings as contributing to the total.

Still, the exposure remains tiny in context. Norway’s fund owns stakes in thousands of companies across global markets, and the value of its bitcoin-linked investments is a fraction of its total holdings. At a current market price of $117,502 per BTC, the fund’s 7,161 BTC is worth around $841 million — or less than 0.05% of the $2 trillion portfolio.

The sharp increase over the past year may signal growing institutional comfort with the asset class, but it doesn’t represent a major strategic shift—yet.



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