Institutional Bets on ETH Grow, Analysts Eye $6,000 Target in November
Major digital asset corporations are stepping up their Ethereum (ETH) publicity because the cryptocurrency rebounds from latest lows.
BitMine Immersion Technology has grown its Ethereum treasury to over $11 billion, whereas Bit Digital plans to boost $100 million to increase its ETH reserves. The strikes sign rising institutional confidence in the asset amid a broader market restoration.
ETH Bet Drives DAT Firms’ Stock Higher
In a latest press launch, Bit Digital, the seventh largest company holder of ETH, revealed that it plans to boost $100 million by way of a public providing of convertible senior notes set to mature in 2030. The firm additionally supplied underwriters with a 30-day choice to accumulate as much as a further $15 million beneath the identical phrases.
“The Notes might be senior, unsecured obligations of the Company. The Notes will mature on October 1, 2030, until earlier transformed, redeemed, or repurchased. Holders could convert their Notes at their choice previous to the shut of enterprise on the second scheduled buying and selling day instantly previous the maturity date,” the press release reads.
According to the agency, the capital raised might be directed primarily toward increasing Ethereum holdings. At the identical time, there may be additionally a provision to make use of the funds for potential acquisitions, investments, and different digital asset alternatives.
Notably, after the announcement, Bit Digital’s inventory BTBT appreciated. Google Finance knowledge confirmed that share costs rose to $3.2, up 8.47% at market shut. However, in after-hours buying and selling, BTBT dipped 5%.
Concurrently, BitMine Immersion Technologies (BMNR) introduced that it has expanded its Ethereum treasury to 2.65 million cash valued at greater than $11 billion at present market costs. On-chain analytics agency Lookonchain identified that the agency bought 234,846 ETH, value $963 million, to spice up its holdings.
“As we enter the ultimate months of 2025, the 2 Supercycle investing narratives stay AI and crypto. And each require impartial public blockchains. Naturally, Ethereum stays the premier alternative given its high reliability and 100% uptime. These two highly effective macro cycles will play out over many years. Since ETH’s value is a reduction to the longer term, this bodes effectively for the token which explains BitMine’s main treasury asset is ETH,” BitMine Chairman Tom Lee stated.
In addition to ETH, BitMine reported holding 192 Bitcoin valued at $21.6 million, a $157 million stake in Eightco Holdings, and $436 million in unencumbered money, bringing its complete crypto and money property to $11.6 billion.
Like BTBT, the corporate’s inventory additionally noticed an uptick, though extra modestly. BMNR closed at $53.22, representing a rise of 5.39%. Moreover, in after-hours buying and selling, the worth slipped 0.49% to $52.96.
Furthermore, following the disclosure, BitMine seems to have continued its ETH accumulation. Today, Lookonchain reported {that a} pockets probably linked to BitMine obtained 25,369 ETH, valued at $106.74 million, from FalconX.
These strikes align with a surge in company ETH treasuries. Data from the Strategic ETH Reserve confirmed that ETH treasuries have expanded from $2.3 billion in June 2025 to over $21 billion by late September.
Besides these institutional gamers, the ETH shopping for development is persistent throughout the market. The analytics agency highlighted that one other pockets, 0x6F9b, withdrew 4,985 ETH value round $21 million from OKX.
“Address 0x1fc…FAEd5 has amassed 21,048 ETH ($88.54 million) since 2025.06.18, with a median withdrawal value of $3,794 and unrealized income of roughly $8.49 million. This tackle withdrew one other 2,360 ETH from Binance, value $9.92 million,” an on-chain analyst highlighted.
Will Ethereum Hit $6,000 In November?
Meanwhile, the institutional bets come as ETH began to rally once more following its drop to below $4,000. However, the altcoin managed to reverse the losses and has continued to rise. At press time, it traded at $4,202, up 2.25% over the previous day.
Additionally, market observers predict additional upside. An analyst noticed that ETH is following a ‘Power-of-3’ sample. According to him, the buildup and manipulation part is over, and now ETH is moving to expansion, a view that different analysts additionally share.
“$6,000 ETH by November 2025 is very prone to occur,” he stated.
As ETH’s rally continues, bullish market sentiment is strengthening additional, bolstered by This autumn optimism, which is usually a constructive quarter for the sector. The coming months will inform whether or not ETH will hit $6,000 or transfer in the wrong way.
The publish Institutional Bets on ETH Grow, Analysts Eye $6,000 Target in November appeared first on BeInCrypto.
