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BitMine Immersion Technologies (BMNR), the largest corporate holder of Ethereum, has increased its ETH holdings. According to a recent disclosure, the company purchased 102,259 ETH, worth $318 million, between December 8 and December 14, 2025.
The latest acquisition brings BitMine’s total ETH stash to 3,967,210 ETH. At current market prices, the holdings are valued at approximately $12.46 billion. Additionally, the firm holds 193 Bitcoin (BTC), a $38 million stake in Eightco Holdings, and a total cash balance of $1.0 billion. The diversification of its holdings reflects the company’s willingness to balance risk across multiple assets.
While the crypto market continues to make sluggish progress, BitMine has consistently demonstrated its confidence in the leading altcoin. As of December 15, the company owns more than 3.2% of the ETH supply, steadily advancing toward its goal of acquiring 5% of the total supply.
Commenting on current conditions, Thomas “Tom” Lee, Chairman of BitMine, noted that crypto prices have begun to recover following the October 10 price shock. He added:
“2025 saw many positive developments in digital assets, including positive legislation passed by the US Congress and favourable regulations, and by strengthening support from Wall Street. These strengthen our conviction that the best days for crypto are ahead and why we continue to accumulate ETH towards our ‘alchemy of 5%’ target.”
Furthermore, the firm highlighted ongoing developments in its staking solution, the Made in America Validator Network (MAVAN). According to the press release, MAVAN will offer a “best-in-class” secure staking infrastructure. It is scheduled for deployment in early 2026.
BitMine has emerged as one of the most actively traded stocks in the U.S. Data from Fundstrat shows that the company’s stock averaged $1.9 billion in daily trading volume over the five days ending December 11, 2025.
Meanwhile, BitMine’s accumulation aligns with broader corporate activity in the Ethereum market. In November alone, corporate Ethereum treasuries purchased approximately 309,000 ETH, amounting to roughly $965 million at current prices.
Notably, the buying momentum hasn’t stopped there, as these treasuries have acquired over 100,000 ETH in December. This steady accumulation occurred even as prices remained under pressure. It suggests that institutional investors remain confident in Ethereum’s long-term prospects despite weak price action.
The post Bitmine Tops Ethereum Stash with Latest $318M Purchase appeared first on CoinTab News.
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