The post Bitmine Buys $49M More ETH During Dip appeared com. Market Updates Bitmine just grabbed another $49M of ETH even while prices tank. Now sitting on 3. 5M ETH worth $10B second only to Strategy. Tom Lee says market makers are still broke from October crash, so pain lasts a few more weeks. Bitmine just scooped up another 17, 242 ETH for about $49 million on November 21. Which is pushing its total stash to roughly 3. 5 million ETH worth over $10 billion. That puts them right behind Strategy as the biggest corporate Ethereum holder. Even with ETH sliding hard to $2,780 and the whole market looking rough, Bitmine keeps stacking. The old mining outfit turned treasury giant is dead set on grabbing around 5% of all Ethereum out there someday. They fund the buys with fresh cash raises, staking rewards, and quiet OTC deals through desks like FalconX and BitGo so they don’t rattle the spot price. Why Prices Still Hurt Chairman Tom Lee told CNBC the market’s still stuck because big market makers got burned in the October 10 liquidation mess and haven’t rebuilt their balance sheets yet. He says it’s like 2022 all over again took eight weeks back then, we’re six weeks in now, so maybe a couple more weeks of pain before things loosen up. Bitmine’s own stock (BMNR) got hammered over 10% to $26. 02, but the company isn’t blinking. They see Ethereum as the backbone for DeFi, smart contracts, and tokenization for years to come. As liquidity creeps back, everyone’s watching if this aggressive dip buying pays off big. Source:.
Tag: tokenization
The post XRP Set for a Big Week as Canary Capital ETF Launches on November 13 appeared com. XRP could be set for one of its big weeks of the year 2025. This comes as Canary Capital readies the launch of its XRP ETF on November 13. This might, in essence, see the token’s value jump handsomely. Canary Capital XRP ETF to Launch on Thursday Last week, asset manager Canary Capital filed an updated S-1 registration with the SEC that removed the “delaying amendment” holding back the fund’s launch. This effectively cleared the last challenge for the firm. This set up the fund for a launch date this Thursday. This could be a boost to the token’s performance, according to many experts, as the asset trades near multi-week support levels. Get ready: Canary XRP ETF (XRPC) is coming soon. 🔗More info available in prospectus: pic. twitter. com/h8tewn25Jd Canary Capital (@CanaryFunds) November 7, 2025 The Canary Capital ETF joins the list of the token’s spot funds that have come into view now on the DTCC. That of Franklin Templeton might debut on November 14, while that of Bitwise is expected between November 19-20. Meanwhile, 21RP ETF traded $37. 7 million in its first day of trading. This marked the strongest ETF debut of 2025 thus far. Similarly, the Teucrium.