Bitmine ether holdings pass 4M ETH, largest public holder
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As crypto markets swung lower last week, BitMine holdings quietly crossed a major threshold that cements the company as a leading corporate buyer of Ether. BitMine expands Ether stash past 4 million tokens BitMine Immersion Technologies (BMNR), led by Fundstrat co-founder Thomas Lee, disclosed on Monday that it bought 98,852 Ether last week, pushing its total position above 4 million tokens. According to the update, the acquisition was completed while the firms cash balance stayed flat at $1 billion. The new purchase was valued at roughly $300 million based on Monday prices. As a result, BitMine now controls 4,066,062 ETH, equal to 3.37% of the current Ether supply. Moreover, this makes the company the largest known ETH holder among publicly traded firms. Market backdrop and share price reaction The latest buying spree came during a volatile week for crypto markets. ETH slipped from an early Monday high near $3,170 to below $2,800 by Thursday, putting additional pressure on investors who bought near recent peaks. However, the second-largest cryptocurrency has since rebounded back above $3,000, easing some of those concerns. BMNR shares reacted positively to the recovery. After a 10% bounce on Friday, the stock gained another 4.5% in pre-market trading, reflecting renewed optimism around the miners aggressive ETH exposure. That said, volatility in ether price remains a key factor for the companys equity performance. Accumulation pace and long-term target While many digital asset treasuries have paused purchases or even sold into the recent downturn, BitMine has maintained a steady buying program. The firm has continued to add ether even as prices retreated from earlier highs in recent months, signaling a strategic long-term conviction rather than short-term trading. Last weeks 98,852 ETH purchase was slightly below the prior weeks 138,000 ETH acquisition. However, the latest move still keeps the company on…
Filed under: News - @ December 22, 2025 5:26 pm