BitMine Immersion Technologies hit a headline-making milestone this week: its Ethereum treasury has topped 4 million ETH, the company said and on‑chain trackers confirmed. In a Dec. 22, 2025 disclosure, BitMine said its crypto treasury now holds roughly 4,066,062 ETH — part of a multi‑quarter accumulation strategy the firm has been pursuing. That figure was reflected on public trackers at an ETH reference price of about $2,991 (Coinbase) and sits inside a reported balance sheet of roughly $13.2 billion in combined crypto, “moonshots” and cash. What happened this week - BitMine added nearly 98,850 ETH in a single week, a burst of purchases that pushed the total past the 4 million mark. - On‑chain alerts and public trackers logged a discrete buy of about 13,410 ETH valued at roughly $41 million. Lookonchain and similar services flagged the transfers and linked the wallet activity to BitMine. - Earlier accumulations this month have been aggregated by some outlets at roughly $300 million of fresh ETH purchased over several days. A snapshot of disclosed holdings (Dec. 22, 2025) - ~4,066,062 ETH (valued at ~$2,991 per ETH on Coinbase) - 193 BTC - ~$32 million stake in Eightco Holdings (NASDAQ: ORBS) — labeled “moonshots” by the company - ~$1.0 billion in cash Total combined assets reported: about $13.2 billion. How the buys were executed Market observers say the purchases were carried out across multiple transactions, using both open‑market and over‑the‑counter (OTC) channels. That mix of execution is typical for a corporate buyer seeking to scale up a large position without unduly disrupting markets — though analysts caution that concentrated buying of this size can remove a meaningful chunk of available sell‑side liquidity and amplify short‑term volatility. Market reaction and interpretation Traders and institutional investors watched the timing closely: several purchases were made while ETH was trading below recent highs, prompting some to see the moves as long‑term conviction. Others warned that the rapid accumulation could create heightened price swings if BitMine or similar holders later decide to trim positions. Shares of BitMine and related crypto equities traded actively following the disclosures, and public filings show institutional interest building in companies with sizable crypto treasuries. What’s next BitMine has indicated it intends to continue accumulating ETH toward a management‑stated target described as a “sizable portion of total supply.” The company’s disclosures, investor updates and independent on‑chain intelligence firms remain the primary sources reconciling the transfers and reported totals. Sources: BitMine’s Dec. 22 disclosure and investor update, on‑chain trackers (Lookonchain and others), public filings and market data. Featured image: Unsplash; chart: TradingView. Read more AI-generated news on: undefined/news

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