bitminestrategy

​Every bull cycle needs its titans, and the story of Ethereum (ETH) hitting a near-$5,000 peak in mid-August 2025 has one name at its core: Digital Asset Treasuries (DATs). This institutional tsunami of demand didn't just push ETH; it launched it, powering a colossal 66.76% rally in Q3 2025.
​Amidst this frenzy, one entity wasn't just riding the wave—it was creating it.
​BitMine (BMNR) cemented its status as Ethereum's paramount catalyst. Its jaw-dropping Ethereum treasury went from a respectable 163,000 ETH in early July to an astronomical 2.6 million ETH by the close of September. That's a staggering addition of 2.44 million ETH—a breathtaking 1,495% surge in just 90 days!
​The impact? A meteoric rise for BMNR's stock profile. The company's daily chart witnessed a 45% vertical leap in Q3, marking their most ferociously bullish quarter on record. These sky-high valuations scream one thing: rock-solid market conviction in BitMine's aggressive treasury strategy, making the case for Ethereum even stronger.
​📉 The Eerie Silence: DAT Sentiment vs. BitMine’s Unwavering Bet
​Yet, the plot thickens. Despite the current market malaise and prevailing FUD, BitMine’s faith in Ethereum remains unshakeable.
​In Q4 alone, BMNR executed nine significant ETH transactions, ballooning their total treasury to a stunning 3.7 million Ethereum. This translates to roughly 900,000 ETH accumulated in the last three months—a decisive 33% jump in their holdings.
​Recall that their previous accumulation spree was the very catalyst that propelled ETH to its $4,900 high. But this time? The market is reacting with unnerving apathy.
​Zoom out, and the numbers are stark:
​Ethereum is down a painful 26% on the quarter.
​It's even underperforming Bitcoin (BTC), which is "only" down 21%.
​The divergence is dramatic. BitMine is holding a colossal $11 billion ETH stake, yet its portfolio is currently down 3.85% with ETH lingering around the $3,068 mark.
​Is the initial "hype" surrounding DATs truly dissipating? This profound disconnect is now the single biggest variable shaping the crypto market.
​If this bearish trend persists, Ethereum risks losing its most significant momentum driver. A repeat of that electrifying Q3-style 66% surge becomes highly improbable. Consequently, the crucial $3,000 support level for ETH is now hanging by a thread, vulnerable to any deeper volatility surrounding DAT sentiment.
​🤔 What's Next? Would you like me to find out more about the current trading volume of BitMine (BMNR) stock to assess market sentiment?