Group 1 - BitMine is aggressively accumulating Ethereum, having received 21,537 ETH valued at approximately $60 million from FalconX, despite a 47% decline in its stock price and billions in unrealized losses [1][2] - The new purchase will increase BitMine's total Ethereum holdings to over 3.5 million ETH, which is nearly 3% of the circulating supply, indicating a strong commitment to its "Strategic ETH Reserve" strategy [2] - Ethereum's current trading price is around $2,808, reflecting a 29% decrease over the past month, attributed to broader market mechanics rather than fundamental issues [2][3] Group 2 - The October 10 "liquidity shock" resulted in nearly $20 billion in leveraged positions being wiped from the crypto market, significantly impacting BitMine's ETH holdings and leading to an estimated $4 billion in paper losses [3][4] - BitMine's stock has lost nearly half its value in the past 30 days due to the downturn in the crypto market [4]

interestingStrategic ETH Reserve (SΞR) (@SERdotxyz):🟢 SΞR NEWS: Bitmine Immersion Tech $BMNR to raise its offering up to $20 billions to acquire more ETH. https://t.co/rDlius5jzq ...

The Ether Machine purchased another 15,000 ETH yesterday and now holds 334,757 ETH in total ($1.2B)That's more than the Ethereum Foundation and enough for 3rd on the Strategic ETH Reserve leaderboard https://t.co/4BmQ0EjgLS ...