• BitMine added greater than 54,000 ETH value US$173M (AU$264M), lifting its holdings to virtually 3.6M ETH and elevating money reserves to US$607M (AU$929M).
  • Firm Chairman Thomas Lee linked the broader crypto pullback to a liquidity contraction triggered by a wounded market maker lowering exercise after the October crash.
  • Lee believes the market cycle has not peaked and highlighted Ethereum-based tokenisation as a significant structural pattern probably stretching into 2026 or later.

BitMine Immersion Applied sciences considerably expanded its Ethereum reserves final week by securing greater than 54,000 ETH, an quantity value about US$173 million (AU$264 million). The acquisition pushed the agency’s general Ethereum stability to almost 3.6 million tokens, leaving it holding shut to three% of the token’s whole circulating provide. 

Alongside constructing its ETH place, BitMine elevated its money holdings to US$607 million (AU$929 million), rising from US$398 million (AU$609 million) the week earlier than.

BitMine retains a modest allocation of Bitcoin in addition to fairness in Eightco, an entity linked to the Worldcoin ecosystem. Regardless of its energetic accumulation technique, BitMine’s share value fell by 2.6% on Monday, marking its weakest level since August, in response to the studies.

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Liquidity Stress Throughout Crypto

BitMine Chairman Thomas Lee attributed the downturn in cryptocurrency costs to a pointy contraction in market liquidity following the October crash, which he stated might have stemmed from a market maker lowering operations after sustaining losses. 

Lee defined that when a market maker encounters a balance-sheet “gap,” it could pull again liquidity providers and prioritise elevating capital, creating situations just like a “quantitative tightening” occasion inside digital property. He referenced 2022 for instance, when an identical liquidity squeeze continued for six to eight weeks.

Regardless of present market pressures, Lee indicated that BitMine doesn’t consider the cycle has topped, with structural elements probably pushing its peak into 2026 or later. 

He additionally emphasised the rising significance of tokenising conventional property on Ethereum, together with shares, bonds and actual property, noting that this growth may unlock main alternatives throughout the monetary panorama.

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