In accordance with Blockchainreporter, a newly created wallet received 28,625 ETH worth $81.26 million from institutional prime broker FalconX, likely linked to Ethereum treasury company BitMine. The transaction, dated November 24, 2025, brings BitMine’s total ETH holdings to over 3.5 million, or nearly 3% of the circulating supply. The purchase occurred as Ethereum traded at $2,794.13, down 11% weekly and 27.3% monthly, causing significant unrealized losses for the firm. BitMine’s stock has also declined amid the broader crypto market cooldown.
BitMine Adds $81.26M in ETH Despite Stock Value Drop
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