If you're keeping an eye on the crypto world, especially the Ethereum ecosystem where so many meme tokens thrive, you've probably heard about BitMine Immersion Technologies' aggressive buying strategy. The latest buzz comes from a tweet by OnchainLens, highlighting BitMine's recent purchase that's pushing their ETH stash to new heights.

In their press release dated November 24, 2025, BitMine revealed they've scooped up 69,822 ETH tokens last week alone, valued at about $196.79 million. This brings their total Ethereum holdings to a whopping 3,629,701 ETH, priced at around $2,840 per token on Coinbase. When you add in their other assets—like 192 Bitcoin, a $38 million stake in Eightco Holdings (NASDAQ: ORBS, which they're calling their "moonshots"), and $800 million in unencumbered cash—their crypto plus cash portfolio hits $11.2 billion.

This isn't a one-off; it's part of a pattern. Just a week earlier, as noted in the quoted tweet from OnchainLens, BitMine added 54,156 ETH to their treasury, bringing them to 3,559,879 ETH at that time. That's rapid accumulation, folks—over 120,000 ETH in two weeks.

为什么大举增持 ETH？

BitMine, a company focused on Bitcoin and Ethereum networks with an eye on long-term crypto investments, is clearly betting big on ETH. They've now acquired about 3% of the entire Ethereum network. Thomas "Tom" Lee, Chairman of BitMine and from Fundstrat, shared some insights: "BitMine has now acquired 3% of the Ethereum network. In the past week, BitMine acquired 69,822 ETH tokens. The Made in America Validator Network (MAVAN) will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026."

MAVAN sounds like a game-changer for staking, which is basically locking up your ETH to help secure the network and earn rewards. With Ethereum's proof-of-stake system, having a massive treasury like this positions BitMine to potentially influence network security and earn substantial yields.

BitMine now holds the title of the #1 Ethereum treasury worldwide and #2 global crypto treasury overall, just behind MicroStrategy (MSTR), which has a massive Bitcoin hoard worth $57 billion.

市场背景：下跌还是机会？

The timing is interesting amid a recent crypto price dip. Lee commented on the market: "The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak. A few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5% to 7%, while the upside is the supercycle ahead for Ethereum."

In plain terms, asymmetric risk/reward means the potential gains far outweigh the losses. ETH has been hovering around $2,840, down from higher levels, but Lee sees a "supercycle" ahead—a prolonged bull run driven by Ethereum's upgrades, DeFi growth, and yes, the exploding meme token scene.

这对 Meme 代币意味着什么

At Meme Insider, we're all about meme tokens, and Ethereum is ground zero for most of them—from classics like SHIB and PEPE to the latest viral sensations. BitMine's massive ETH accumulation could indirectly boost the meme ecosystem in a few ways:

• ​流动性与稳定性：​ 像 BitMine 这样的巨型机构持有者会为 ETH 价格带来一定稳定性，这种稳定性会传导到建立在以太坊上的 meme 代币。波动性降低意味着交易者和创作者更有信心。

• Staking 与收益：​ 随着 MAVAN 的上线，我们可能看到更高效的 staking 选项，从而释放更多流动性用于 meme 代币发行和去中心化交易所（DEX）交易。

• Moonshots 关联：​ 他们对 Eightco Holdings（ORBS）的 3800 万美元持仓被标注为“moonshots”，暗示了高风险高回报的投资倾向——这与 meme 代币的投机属性如出一辙。如果 BitMine 更深入参与这类投机性投资，可能预示着机构对 meme 代币的广泛兴趣。

• ​网络效应：​ 持有相当于整个以太坊网络约 3% 的代币意味着 BitMine 与以太坊的成功息息相关，可能会推动对有利于 layer-2 解决方案（很多 meme 活跃于此类网络，如 Base 或 Arbitrum）的升级和支持。

Of course, this is all in the context of a broader crypto market that's still recovering. But if Lee's supercycle prediction holds, meme token holders could be in for a wild ride.

For the full scoop, check out the original tweet thread or BitMine's announcements. If you're into meme tokens, keeping tabs on big ETH players like this could give you an edge in spotting the next big trend.

Stay tuned to Meme Insider for more updates on how institutional moves are shaping the meme token landscape!