According to the latest 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC), the world's second-largest cryptocurrency reserve company BitMine Immersion (stock code: BMNR) increased its holdings by 138,452 Ether last week, which is estimated to be worth about 430 million dollars at the current market price, showing a stronger buying force compared to last month.
This additional purchase has raised BitMine's Ether holdings to 3.86 million, valued at approximately 11.9 billion dollars. In addition to its heavy investment in Ether, the company also holds 193 Bitcoins, shares in Worldcoin (WLD) worth 36 million dollars from reserve company Eightco Holdings, as well as up to 1 billion dollars in cash, bringing the total asset scale to 13.2 billion dollars.
BitMine Chairman Tom Lee stated in the document that the recent increase reflects the company's belief that the market has recovered from the liquidation shock on October 10, and pointed out that the overall economic environment, along with the recent Fusaka upgrade driven by Ethereum, is expected to boost demand in early 2026.
Now, 8 weeks have passed since that liquidation shock, enough time for the cryptocurrency market to return to a fundamentals-driven trajectory.
BitMine simultaneously disclosed the verbatim transcript of Tom Lee's keynote speech at the "Binance Blockchain Week" in Dubai. He emphasized that traditional finance is accelerating the push for asset tokenization, and described this trend as potentially becoming the most critical source of demand next year.
BitMine remains one of the most actively traded stocks in the United States, with an average daily trading volume of approximately 1.8 billion USD, ranking among the top 40 stocks by trading volume. However, the company stated that its holdings in Ethereum (ETH) still have significant unrealized losses, estimated to be close to 3 billion USD at current prices.
Tom Lee emphasized, "Wall Street now wants to tokenize all financial products," and added that the scale of assets ready to go on-chain is close to the "trillion-dollar" level.
He further described this wave of technological advancement as "stablecoins are Ethereum's ChatGPT moment," believing that once institutions realize that "USD can be tokenized," they will discover the scale of applications that the Ethereum ecosystem can support.
BitMine remains one of the most actively traded stocks in the United States, with an average daily trading volume of approximately 1.8 billion USD, ranking among the top 40 stocks by trading volume. However, the company still has significant unrealized losses in Ethereum, estimated to be close to 3 billion USD at current prices.
"BitMine aggressively acquired 138,000 Ethereum, with total assets reaching 13.2 billion USD" this article was first published in (Blockchain.)
