BitMine invests heavily in Ethereum despite stock crash, ETH price ready to skyrocket?

Jakarta, Pintu News – Despite a 47% plunge in its share price and billions of dollars in unrealized losses, BitMine is still increasing its Ethereum (ETH) accumulation. On November 23, blockchain platform Lookonchain reported that wallets associated with the corporate giant received 21,537 ETH. This transfer, valued at around $60 million, came from institutional prime broker FalconX.

New Strategy: From Storage to Income

BitMine is now not just storing Ethereum, but also plans to generate revenue through staking. On November 21, the company announced the launch of the “Made in America Validator Network” (MAVAN), which will begin operations in early 2026. With a stake of 3.5 million ETH, BitMine has the potential to generate significant annual revenue from network rewards.

Also Read: Robert Kiyosaki Sells Bitcoin at $90,000: From $250K Target to Real Business, Here’s Why!

BitMine Transformation: Impact on Shares and Dividends

The huge losses in the value of Ethereum have had a significant impact on the value of BitMine’s shares, which have dropped by almost half of their value in the last 30 days. To mitigate the impact of the falling asset price, BitMine announced an annual dividend of $0.01 per share. This marks BitMine as the first major crypto treasury company to return capital to investors directly.

BitMine’s commitment to Ethereum

Despite the market challenges, BitMine remains committed to their “Strategic ETH Reserve” strategy. Thomas Lee, of BitMine, believes that despite the price drop, the crypto market will recover as it has in the past. With MAVAN infrastructure and partnerships with pilot partners, BitMine aims to become the premier destination for natively staked Ether.

Also Read: Cardano Predicted to Drop Out of Top 20 by 2026, Nansen CEO Mentions ‘Ghost Chain’

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FAQ

Q1: What is Ethereum (ETH)?

A1: Ethereum (ETH) is a blockchain platform that allows developers to build and run decentralized applications and smart contracts.

Q2: Why does BitMine continue to buy Ethereum even though its share price is falling?

A2: BitMine believes that Ethereum’s price drop is temporary and influenced by market dynamics, rather than the asset’s fundamental weakness.

Q3: What is the “Made in America Validator Network” (MAVAN)?

A3: MAVAN is a staking infrastructure developed by BitMine, which is planned to begin operations in early 2026 to generate revenue from Ethereum staking.

Q4: How much Ethereum does BitMine currently have?

A4: BitMine currently has over 3.5 million Ethereum, which is almost 3% of the total circulating Ethereum supply.

Q5: How will the loss in Ethereum value impact BitMine shares?

A5: Ethereum’s decline in value has caused BitMine to incur paper losses of around $4 billion, which has had a major impact on their share price which has dropped by almost 50% in the last 30 days.

Reference

• BeInCrypto. Bitmine Ethereum Purchase Despite Billions in Losses. Accessed on November 24, 2025