BitMine Approaches 4M ETH Holdings as Tom Lee Cites Market Stability
The post BitMine Approaches 4M ETH Holdings as Tom Lee Cites Market Stability appeared on BitcoinEthereumNews.com.
Key Notes BitMine now controls over 3.2% of Ethereum’s circulating supply with 3.97 million tokens worth approximately $13.3 billion. The company has accumulated nearly four million ETH since June 2025 despite sitting on $3 billion in unrealized losses. Chairman Thomas Lee projects Ethereum could reach $7,000 by early 2026 based on expanding institutional adoption and regulatory clarity. Ethereum’s largest corporate treasury holder, BitMine Immersion, announced another major Ethereum ETH $2 955 24h volatility: 4.1% Market cap: $357.17 B Vol. 24h: $28.58 B purchase, lifting total holdings to 3.97 million tokens. The latest acquisition, valued at roughly $320 million, reinforces the firm’s strategy of accumulating Ethereum during periods of market consolidation rather than chasing short-term price momentum. BitMine Expands Ethereum Treasury as Holdings Approach Four Million ETH BitMine said it holds Ethereum as a long-term strategic asset and an inflation hedge, not as a trading position. The company reported total crypto and cash holdings of approximately $13.3 billion, underscoring the scale of its balance sheet exposure to digital assets. Ethereum remains the dominant allocation, alongside a small Bitcoin BTC $85 761 24h volatility: 3.4% Market cap: $1.71 T Vol. 24h: $44.56 B position and cash reserves. In an official press release on Monday, Chairman Thomas Lee described current market conditions as stable enough to justify continued accumulation. He pointed to subdued volatility and improving regulatory clarity as factors supporting the firm’s conviction. BitMine’s acquisition strategy has remained consistent, relying on large-volume purchases executed during price pullbacks rather than incremental buying. The most recent purchase follows an aggressive buying streak earlier in December 2025. Over the week ending December 15, BitMine added more than 102,000 ETH, building on a $435 million purchase completed the previous week. These transactions pushed the company within reach of the four million ETH milestone. Despite the scale…
Filed under: News - @ December 15, 2025 7:25 pm