{"content":"💰 $9B And Rising: BitMine Defies ETH ETF Outflows With Treasury Boom BitMine's ETH holdings topped $9 billion after buying 202,500 ETH last week. Ethereum ETFs lost almost $950 million in five days last week. ETH may fall below $3,500 if a declining triangle pattern holds. Corporate treasuries and ETH ETF investors had mixed attitude, keeping Ethereum (ETH) around $4,300 on Monday. While BitMine led the ETH buying binge, the latter saw five days of net outflows. BitMine's treasury exceeds $9 billion due to ETH ETF outflows. In a Monday statement, Ethereum treasury and crypto mining business BitMine Immersion (BMNR) said it bought approximately 202,500 ETH last week, bringing its total ETH holdings to 2.069 million worth $9 billion. BitMine holds nearly 1.7% of the ETH circulation, surpassing the aggregate reserves of the eight other ETH treasury corporations, including SharpLink Gaming. The company's "alchemy of 5%." objective involves holding 5% of ETH's circulation. The combination of Wall Street's blockchain adoption and Al/agentic-Al's token economy is producing a supercycle for Ethereum. Fundstrat CIO and BitMine Chairman Thomas Lee stated the power law rewards big ETH holders, thus we chase the 'alchemy of 5%' "This strategic investment into OCTO marks the start of BMNR's 'Moonshot' strategy to back bold ideas that strengthen Ethereum's vast ecosystem," BitMine. The move supports the company's ambition to spend 1% of its balance sheet in Ethereum "select investments". SoSoValue data shows no inflows for US spot Ethereum ETFs last week. In five days, institutional investors have pulled $952.2 million from the instruments, signaling risk aversion or profit-taking. Only sometimes has ETH traded beyond the $4,100 to $4,500 zone this month. ETH developed a descending triangle formation on the daily chart with a falling trendline from August 22. The pattern would be confirmed if ETH closes below $4,100 and turns the 50-day SMA to resistance. To disprove the premise, ETH must retain $4,870. #BTCvsETH #AltcoinMarketRecovery $ETH $BTC $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/09/dd24c098c00d437d902ffc4adac7b044.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}