Bitmine has made an impressive addition to its Ethereum holdings through the acquisition of 44,036 ETH, as per Lookonchain’s blockchain data. This massive purchase, valued at roughly $166 million, was executed on October 31, 2025, when the market was experiencing a temporary dip. It indicates the rise of larger institutional transactions as a market trend that is taking place, and Bitmine's purchase is part of it.
The two addresses, 0xDEF643D7a8ae673f322A and 0x36eE74d2bf4A8322D9bAc, which are involved in the transaction, have shown consistent inflows during price corrections. This kind of transaction pattern could be interpreted as Bitmine's conscious decision to gather ETH for the future while prices are still low. Weaker cryptocurrencies have become another reason for these institutions to stay and even invest more in digital assets.
What further intensifies the situation is that the purchase was made at a time when the price of Ethereum was being established at major zones. Trends tell us that such institutional accumulation is often a precursor to upward momentum, and hence the retail and professional traders get interested again.
Ethereum price data has demonstrated its renewed strength following a week of volatility. The price of the cryptocurrency is now $3,846.35, a rise of 1.77% over the last 24 hours, per CoinMarketCap. Its market capitalization is $464.24 billion, which ensures its leading position in the overall cryptocurrency market.
During the day, the trading volume was $37.47 billion, a 16.38% decrease compared to the previous day. Ethereum’s fully diluted valuation (FDV) of $464.11 billion is nearly identical to its market capitalization, indicating price pressure and steady investor confidence.
The supply of 120.69 million ETH, both circulating and total, signifies that the market has reached a point of full distribution. Over the last 24 hours, Ethereum dropped to $3,700 before recovering to above $3,800, indicating a robust market recovery and ongoing asset usage by both retail and institutional investors.
Bitmine's recent acquisition is an example of the institutional digital asset collecting scenario that is appearing in a broader context. In the past, large-scale investments have reflected shifting market sentiments, thereby indirectly indicating the onset of bull markets. The trading activity on the major exchanges also tends to increase after such instances, implying that more investors are entering the market.
CoinMarketCap assigns Ethereum a full 100% profile score, indicating its high liquidity and stable performance. The coin's price chart tells the story of the market correcting itself but it is still standing strong and has not given up. The reasons mentioned earlier justify the rising speculation that the participation of institutional investors might be the factor that influences the price movement of Ethereum from now until 2026.
So, the liquidity is becoming more profound and the institutional demand is picking up rapidly, but the question that remains to be answered is whether or not Bitmine's $166 million investment is the precursor to the next Ethereum price rocket.
Also Read: Crypto Prices Today: Bitcoin Above $108,000, Solana Drops 3.38%, Ethereum Below $4,000
Bitmine has made a significant statement with its $166 million purchase of Ethereum, drawing attention to the trend of institutional buyers during market corrections.
The price of Ethereum being above $3,800 reflects its robust liquidity and the company's move reflects the prevailing confidence in the long-term acceptance of blockchain technology and thus the possibility of upward market momentum as we approach 2026.