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    Home / News / BitMine Buys 190K ETH, Aims for 5% of Total Supply
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August 27, 2025 by Imelda
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BitMine Buys 190K ETH, Aims for 5% of Total Supply

**BitMine Buys Big: 190,500 ETH in One Week, Aims for 5% of Total Ethereum Supply**

BitMine, a major crypto investment company, just made a massive move by buying 190,500 Ethereum (ETH) in only one week. This purchase pushed their total ETH holdings to over 1.7 million tokens — currently worth around $7.59 billion at Ethereum’s price of $4,400 per coin.

With this latest buy, BitMine’s total crypto and cash assets jumped from $6.6 billion to $8.8 billion. Even after this aggressive spending spree, the company still has $562 million ready for more investments.

BitMine’s chairman, Tom Lee, said this is the second week in a row that they’ve raised huge funds from institutional investors. He confirmed that the company is working toward a bold goal: owning 5% of all ETH in existence. Lee believes Ethereum is one of the biggest investment opportunities over the next 10–15 years, especially as blockchain tech merges with traditional finance and AI startups.

**Ethereum’s Momentum Could Spark Altcoin Rally**

As BitMine continues loading up on ETH, it’s driving momentum across the Ethereum ecosystem. Institutional buying like this helps boost confidence in the crypto market — and that could lead to price rallies in other Ethereum-based tokens.

One altcoin that’s catching early attention is Maxi Doge ($MAXI), a meme coin that has already raised over $1.5 million just weeks after launching its presale. With this kind of traction, analysts believe it has strong potential for a 10x return after launch.

**Why Ethereum Is Leading the Crypto Revolution**

Ethereum isn’t just a popular altcoin — it’s the foundation for most new technology in crypto. From DeFi to NFTs and smart contracts, many major innovations are built on Ethereum.

BitMine’s aggressive buying strategy is similar to what MicroStrategy has done with Bitcoin. MicroStrategy, led by Michael Saylor, now owns over 632,000 BTC valued at around $70 billion. They buy using over-the-counter (OTC) trades to avoid pumping the price directly — but their actions still influence investor sentiment and long-term value.

BitMine is following the same playbook with ETH. According to CoinGecko data, they now hold more Ethereum than any other public company — topping a list of 11 major institutions.

After BitMine’s latest purchases, its stock (BMNR) jumped 12% last Friday. That price jump helped raise even more capital to keep fueling their Ethereum strategy.

**Meme Coins Gaining Steam: Maxi Doge ($MAXI) Gets Noticed**

While institutions focus on big assets like ETH and BTC, retail investors are turning to meme coins for high-risk, high-reward plays. Maxi Doge ($MAXI) is one of the latest tokens grabbing attention with its bold branding and aggressive strategy.

Described as Dogecoin’s wild and fearless cousin, Maxi Doge promotes a no-limits trading style — think 1000x leverage, no stop losses, and all-in risk. It’s attracting a growing community of risk-tolerant traders looking for fast profits.

Since launching on July 29, Maxi Doge has raised more than $1.5 million during its presale phase. Thousands of investors are getting in early, betting on its viral meme appeal and potential for explosive growth.

You can still join the presale at a price of $0.000254 per token using any Ethereum wallet.

**Could MAXI Be the Next Dogecoin?**

Meme coins have surprised the market before. Dogecoin ($DOGE) went from being a joke to reaching billions in market cap. Other meme coins like $WIF have also shown massive gains — some even over 1 million percent.

If MAXI reaches even just Dogecoin’s current market price, early investors could see an 80,000% return from its presale price. These kinds of returns may sound crazy — but they’ve happened before in the world of meme coins.

**Watch the Market: Alt Season May Be Coming Soon**

Right now, Bitcoin is hovering below $110K, while Ethereum holds strong around $4,400. That stability suggests investors are preparing for the next big altcoin rally.

And with U.S. policy changes like Trump’s GENIUS Act starting to roll out, it could set the stage for even more growth in the crypto space.

Keep an eye on Ethereum, follow BitMine’s moves, and don’t sleep on meme coins like Maxi Doge. The next bull run might be closer than you think.

**Reminder:** This isn’t financial advice. Always do your own research before investing. Crypto — especially meme coins — is volatile and unpredictable.

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