Ethereum price outlook: can bulls hold $3,000 as BitMine buys more ETH?
The post Ethereum price outlook: can bulls hold $3,000 as BitMine buys more ETH? appeared on BitcoinEthereumNews.com.
Ethereum price fell to lows of $3,034 as Bitcoin slumped below $88,000. The ETH price holding above $3,000 came as BitMine announced the purchase of 102,259 ETH last week. Bulls could ride the corporate sentiment to bounce higher. Ethereum (ETH) price showed broader weakness as it fell to the $3,000 level on Monday, with this coming amid further corporate accumulation. As Bitcoin’s dip below $88k reflects broader market weakness, the key question is whether Ethereum bulls can ride the confidence in the top altcoin’s long-term potential. BitMine Immersion Technologies’ huge purchases of ETH point to this outlook. BitMine buys another 102,259 ETH BitMine Immersion Technologies has further expanded its dominant Ethereum position. On December 15, 2025, the publicly-traded company announced the acquisition of an additional 102,259 ETH over the past week. This purchase brings the company’s total holdings to 3,967,210 ETH, valued at approximately $12.2 billion at current prices. Notably, the latest addition continues a pattern of consistent accumulation during periods of price stabilization. Previously, on December 8, BitMine reported holdings exceeding 3.86 million ETH, implying the prior week’s purchase of around 138,452 tokens. Earlier, in the week leading to December 1, the company added 96,798 ETH, pushing holdings to 3.73 million at that time. The MicroStrategy of Ethereum BitMine’s approach draws clear parallels to the pioneering Bitcoin treasury model popularised by Michael Saylor at Strategy (formerly MicroStrategy). Strategy has acquired 10,645 BTC for ~$980.3 million at ~$92,098 per bitcoin and has achieved BTC Yield of 24.9% YTD 2025. As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/VdAz7pqce1 — Michael Saylor (@saylor) December 15, 2025 Like Strategy for BTC, Bitmine has amassed the world’s largest corporate Ethereum holdings. BitMine’s total crypto, cash, and investment holdings now stand…
Filed under: News - @ December 15, 2025 4:34 pm