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Bitmain Seizes the Dip, Purchases Over 60 Billion Yen in Ethereum

2025/10/17 09:03 (Updated 2025/10/17 11:01)
CoinPost
Written by L.Kikutani
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Bitmain Seizes the Dip, Purchases Over 60 Billion Yen in Ethereum

Additional Purchase of $420 Million Worth of ETH Amid Price Drop

Bitmain Immersion Technologies, led by Tom Lee, added approximately 104,336 ETH (worth about $417 million) to its corporate assets on Thursday, as reported by LookOnChain. According to data from Arkham, the funds were transferred from two wallets at Kraken and BitGo across seven transactions to three new addresses.

As of October 13, Bitmain holds about 3.03 million ETH (worth approximately $11.7 billion), making it the largest holder of Ethereum. In terms of overall cryptocurrency holdings, it ranks second only to Michael Saylor's Strategy.

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Iolite Vol.16

Iolite Vol.16

November 2025 issueReleased on 2025/09/30

Interview with Iolite FACE vol.16, concon Inc. CEO Fumiyoshi Takahashi PHOTO & INTERVIEW: Takanori Kataishi Feature: "2026: Abnormal Adoption Frontlines!!" "Prepare for Bitcoin's Golden Month" "Three US Bills: Promoting Innovation or Preventing Surveillance? A Major Restructuring of US Crypto Policy: What Does the Three Major Bills Paint for the Future?" Crypto Journey: "The Crypto Industry's 'Shadow Guardian' Sees Global Security Transformation" Interview with Hacken CEO Dima Budrin Series: "An Expert's Perspective on the Fluctuating Cryptocurrency Market" Virtual Nishi Series: Tech and Future: Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.16

November 2025 issueReleased on 2025/09/30
Interview with Iolite FACE vol.16, concon Inc. CEO Fumiyoshi Takahashi PHOTO & INTERVIEW: Takanori Kataishi Feature: "2026: Abnormal Adoption Frontlines!!" "Prepare for Bitcoin's Golden Month" "Three US Bills: Promoting Innovation or Preventing Surveillance? A Major Restructuring of US Crypto Policy: What Does the Three Major Bills Paint for the Future?" Crypto Journey: "The Crypto Industry's 'Shadow Guardian' Sees Global Security Transformation" Interview with Hacken CEO Dima Budrin Series: "An Expert's Perspective on the Fluctuating Cryptocurrency Market" Virtual Nishi Series: Tech and Future: Toshinao Sasaki, etc.