BitMine has increased its holdings of Ethereum to over 3.86 million ETH worth $13.2 billion, while ramping up its weekly purchase rate by 156%.
Key Points:
BitMine now owns over 3.2% of the circulating supply of Ethereum, making it the largest Ethereum treasury owned by a company worldwide.
The company accelerated its purchases to 138,452 ETH per week after being at 54,156 ETH four weeks ago, aiming to hold a 5% share of the total Ethereum.
BMNR's stock maintained a daily trading volume of $1.8 billion, placing it 37th in terms of activity in the American market despite recent market fluctuations.
BitMine Immersion Technologies (BMNR: NYSE American) raised its holdings of Ethereum to over 3.86 million ETH, increasing the value of its assets to approximately $13.2 billion, while accelerating its weekly purchasing pace by 156%.
This expansion comes at a time when BMNR's stock continues to record high trading levels among American stocks, while the price of Ethereum is moving near the middle of the $3,000 range after a fourth quarter characterized by sharp fluctuations.
BitMine expanded its cryptocurrency treasury valued at $13.2 billion
The company stated that its total assets from cryptocurrencies, liquidity, and 'big jump investments' reached approximately $13.2 billion, including 3,864,951 ETH, 193 Bitcoin, and a stake of $36 million in Eightco Holdings, in addition to nearly $1 billion in cash.
During the past week, BitMine purchased approximately 138,452 ETH, compared to 54,156 ETH four weeks ago, reflecting a 156% jump in the pace of accumulation. The chairman, 'Thomas Tom Lee,' linked this acceleration to expectations of improving Ethereum prices with the upcoming Fusaka upgrade, the likelihood of interest rate cuts from the Federal Reserve, and the end of the quantitative tightening phase, all of which could reshape demand liquidity for cryptocurrencies until 2026.
At current levels, BitMine controls more than 3.2% of the circulating supply of Ethereum, reinforcing its position as the largest Ethereum treasury owned by a company, and the second largest cryptocurrency treasury globally after Strategy Inc. (MSTR), according to CoinGecko data.
The company continues to target a share of 5% of the Ethereum supply, supported by a group of major institutional investors, including ARK Invest, Pantera, Galaxy Digital, and other key players in the sector.
BMNR's stock activity continues to ignite
BitMine maintains its position among the most traded stocks in the American market, with an average daily trading volume of about $1.8 billion over the last five sessions, ranking 37th in terms of liquidity and outperforming several major financial institution stocks. December 8 witnessed notable activity, as the price rose by more than 4% and volatility increased by 2% compared to the previous day, according to Yahoo Finance data.
During the beginning of 2025, BMNR's stock recorded an exceptional surge that attracted profit-taking and intense short positions, following reports of a rise exceeding 17,000% since the beginning of the year, before the stock retreated and institutions like Kerrisdale Capital began opening new short positions.
Despite dropping from its peak above $150, recent data shows that the stock is still trading at strong volumes; on December 8 alone, it recorded trades of about 17 million shares, making it a focal point for traders who see it as a doubling bet on Ethereum movements.
As for Ethereum, it is currently trading between $3,050 and $3,150 on December 8, 2025, down from levels of $4,000 a year ago, but it is achieving slight daily gains reflecting a regrouping phase after strong moves throughout the year. These levels provide BitMine with an opportunity to improve its operations and strategically position itself for short-term profitability in mining and long-term growth.#Write2Earn
