BitMine buys 82,353 Ethereum tokens as holdings reach 3.4 million.
Crypto and cash treasury stands at $13.7 billion.
BitMine hits 2.8% of the targeted 5% of the Ethereum supply.
BitMine Immersion Technologies, a leader in cryptocurrency mining and advanced cooling solutions, has significantly bolstered its position in the digital asset space.
The company has revealed a substantial increase in its Ethereum (ETH) reserves.
BitMine ETH holdings hit 3.4 million
BitMine’s increasing commitment to Ethereum is again evident following another buy-the-dip move.
Despite price declines, the publicly-listed company has bumped up its holdings to become the world’s second-largest corporate treasury strategy.
Thomas Lee of Fundstrat, and chairman of BitMine, noted:
“We increased our cash holdings to $389 million (from $305 million) and acquired 82,353 ETH tokens over the past week pushing our ETH holdings to 3.4 million, or 2.8% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”
BitMine now owns 2.8% of the ETH supply, a milestone that sees the company surpass the halfway mark of the targeted 5%.
BitMine has amassed its ETH holdings strategically over the past several months, capitalising on ETH’s low price and growing ecosystem.
When combined with its Bitcoin reserves of 192 BTC valued at $62 million, and cash of $389 million, BitMine’s overall crypto and cash holdings have surged to $13.7 billion.
Interest in ETH is growing
BitMine is among a growing number of publicly listed firms shifting away from their traditional operations, including cryptocurrency mining, as they diversify in response to broader digital asset adoption.
Wall Street has seen a marked increase in such pivots, with several companies aiming to emulate the approach that established Strategy as the world’s leading corporate crypto treasury.
Analysts note that BitMine’s move, along with similar strategies by peers, reflects rising institutional interest in the sector.
The approval of Ethereum exchange-traded funds in 2024 has drawn billions of dollars into the asset, while corporate treasury strategies — particularly those involving staking in tokens like ETH and SOL — have emerged as the next phase in the digital asset expansion.
BitMine’s milestone reinforces Ethereum’s enduring appeal, potentially setting a benchmark for peer firms eyeing similar diversification.
And Lee says the recent price dip offered a reset that could prove key for the Ethereum price.
“Crypto suffered its largest ever liquidation event on October 10th, and open interest on ETH (per coinalyze.net fell -45% in the past 8 weeks (the largest ever decline in the history of ETH). This reset is healthy and sets the stage for price and fundamentals to eventually converge,” Lee stated.
Ethereum’s price hovered at $3,622 on November 3, 2025, down 6% in the past 24 hours and 14% in the past week.
The Ethereum Foundation has introduced a new grant structure for the Ecosystem Support Program to further innovation and adoption on the Ethereum blockchain.
Ripple has expanded its presence in the U.S. market with the rollout of the digital asset spot prime brokerage, bringing OTC spot transactions to U.S. clients.
ZIGChain price was up nearly 3% as bulls targeted $0.1.
Gains came as SEGG Media announced plans to buy ZIG as part of a $300 million treasury strategy.
Institutional investors could enhance ZIG’s credibility.
ZIGChain price hovers near $0.08, but could target key levels as a significant development emerges from the intersection of traditional finance and web3 innovation.
Nasdaq-listed SEGG Media Corporation announced a bold $300 million strategic initiative to integrate blockchain technology into its sports and entertainment operations.
SEGG plans a notable focus on accumulating ZIG, the native token of ZIGChain.
SEGG Media to buy ZIG from $300 million treasury strategy
SEGG Media (formerly Lottery.com Inc.) has disclosed an ambitious plan to allocate a portion of its newly established $300 million Digital Asset Treasury toward acquiring ZIG.
The strategy dedicates 80% of the treasury to a multi-asset crypto portfolio.
It includes Bitcoin, with validator-based income generation on networks like Ethereum, Solana, and ZIGChain.
The remaining 20% will be used for acquisitions.
SEGG also targets pilot programs for tokenizing assets such as athlete intellectual property and fan stakes.
More in store for the benefit of ZIGChain
A memorandum of understanding with ZIGChain outlines a collaborative effort to tokenize SEGG Media’s sports and entertainment businesses.
The firm plans to leverage ZIGChain’s infrastructure for real-world asset tokenization.
The partnership also aims to launch a trading platform on Sports.com and Concerts.com, enabling tokenized teams, bands, and events.
SEGG Media’s CEO, Matthew McGahan, has emphasized the company’s mission to bridge traditional markets with blockchain innovation.
ZIGChain’s founder, Abdul Rafay Gadit, also highlighted the milestone this represents for institutional blockchain adoption.
ZIGChain price: How high can ZIG go?
The strategic accumulation of ZIG by a Nasdaq-listed entity like SEGG Media has sparked speculation about the token’s price trajectory.
ZIG is currently trading at $0.086, according to CoinMarketCap data, with a 24-hour trading volume of $2.48 million.
While the price has tanked towards new year-to-date lows since flipping from highs of $0.12 in April, ZIG remains well above the all-time lows of January 2023.
ZIG chart by CoinMarketCap
Mainnet launch, which occurred recently, has the network eyeing growth.
Just a month into the mainnet launch, ZIGChain has recorded over 1 million transactions.
More significantly, the involvement of a $300 million treasury could inject significant liquidity into the ZIGChain ecosystem, potentially driving demand and price appreciation.
If SEGG Media’s allocation mirrors the enthusiasm seen in related trends, ZIG could see a short-term surge to mirror current outperformers.
A retest of $0.10 could allow bulls to aim for $0.12 and potentially $0.15.
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Bittensor’s native token TAO has surged 18% to $490.
The altcoin has outpaced other top gainers amid a broader market uptick in AI-related projects.
Bulls have eyes on a breakout above $500.
Bittensor’s TAO token has experienced a sharp rise, climbing double digits to hover just shy of the $500 psychological barrier.
The TAO price had hit an intraday high of $490 at the time of writing.
The move has driven TAO to the top of daily gainers lists, surpassing even privacy-focused coins like Zcash, which had jumped 15% in 24 hours.
ETP hype and AI traction help Bittensor price
The latest catalyst for TAO’s ascent traces directly to institutional advancements.
In particular, as analysts continue to ponder whether the decentralized AI project has the potential to flourish into the Nvidia of crypto. More on this later.
More of the latest gains for TAO come after the October 29 announcement of the world’s first staked Bittensor Exchange Traded Product (ETP).
Deutsche Digital Assets and Safello launched the ETP, which went live as fresh digital asset investment product hype resurfaced.
Bittensor’s growing network and the ETP rollout seem to have come just at the right time for the project- hence TAO’s price gains.
Secured by BitGo Europe and domiciled in Liechtenstein, the product bridges traditional finance with decentralized AI, potentially unlocking billions in European institutional capital previously sidelined by regulatory hurdles.
What’s next for TAO price?
TAO’s price outlook is predominantly bullish. That’s despite it being tempered by inherent crypto volatility and macroeconomic headwinds in the short term.
A sustained close above $500 could catalyse a breakout to $700.
These are the highs seen in December 2024, and above that, bulls will be targeting a new all-time high.
In March 2024, bulls reached the all-time peak of $767.
Crypto analyst Dread Bongo shared this outlook about the token.
This top band on $TAO should act like a magnet here..
– Broken out of year long downtrend – First ever #Bittensor Halving in 40 days – Subnet products going live – Major ecosystem upgrades coming – Alpha's bottomed out – Huge subnet partnerships and developments
Data from CoinGecko shows that the artificial intelligence token category is marginally lower, with a 1.2% dip in total market capitalisation.
Top AI-linked cryptocurrencies such as NEAR Protocol, Internet Computer, Story, and Render have posted 24-hour gains of 2–4%.
Bittensor (TAO), however, has outperformed the group, surging 18% in the past day to maintain its position as the largest AI token by market cap at $4.69 billion.
The rally in Bittensor comes amid renewed investor enthusiasm for artificial intelligence, fueled by gains in AI-focused equities following recent developments from Nvidia and Microsoft.
Yet as investment in Bittensor funds further validates traction, whale accumulation and halving sentiment may be huge catalysts to watch.
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