BitMine Immersion Technologies said it added 44,463 Ether to its cryptocurrency treasury over the past week, marking a sizable expansion of its digital asset holdings.

The purchase comes as digital asset investment products, including those linked to Ethereum, recorded another week of net outflows, reflecting continued caution among some investors.

Even so, BitMine’s latest acquisition points to sustained institutional interest in Ethereum, diverging from broader fund flow trends and underscoring selective confidence in the asset among corporate buyers.

BitMine Immersion Technologies ended 2025 with a further expansion of its Ethereum holdings, according to a press release issued on December 29.

The company said it now holds 4,110,525 ETH, valued at about $12.1 billion based on prices near $2,948 per token. The stash represents roughly 3.41% of Ethereum’s total circulating supply.

The disclosure follows BitMine’s recent purchase of 44,463 ETH, underscoring an aggressive treasury strategy centered on long-term exposure to digital assets.

The accumulation comes as other crypto-focused firms also increased holdings, including Strategy, formerly MicroStrategy, which reported a fresh Bitcoin purchase.

In addition to its Ethereum position, BitMine holds 192 Bitcoin, about $23 million in higher-risk “moonshot” investments, and $1 billion in cash reserves.

Taken together, the company’s crypto and cash holdings total approximately $13.2 billion.

BitMine chairman Thomas “Tom” Lee, emphasized the opportunistic timing:

“Market activity tends to slow as we enter the final holiday weeks of a calendar year. BitMine added 44,463 ETH in the past week, as we continue to be the largest ‘fresh money’ buyer of ETH in the World.”

Lee also noted potential year-end tax-loss selling pressures, which the company is navigating strategically.

BitMine’s operations extend beyond mere accumulation. The firm engages in Bitcoin mining in low-cost energy regions such as Trinidad and Texas, while advancing Ethereum staking initiatives.

Currently, 408,627 ETH are staked across providers, yielding a composite rate of 2.81%.

Looking ahead, BitMine plans to launch its Made in America Validator Network (MAVAN) in Q1 2026, aiming to optimise yields and potentially generate over $1 million daily in staking rewards at full scale.

The company’s ambitious “Alchemy of 5%” goal seeks to acquire 5% of Ethereum’s supply, positioning it as a dominant player in the ecosystem.

An upcoming annual stockholder meeting on January 15, 2026, at Wynn Las Vegas will address key proposals to support this vision, including increasing authorised shares and approving an incentive plan.

This end-of-year surge in holdings reflects BitMine’s commitment to Ethereum as its primary treasury asset, leveraging both mining revenues and capital raises to build a robust balance sheet in the evolving blockchain landscape.

As BitMine bolsters its Ethereum position, the underlying asset demonstrates resilience in the broader market.

On December 29, 2025, Ethereum traded around $2,900–$3,051, maintaining stability despite seasonal volatility and broader cryptocurrency fluctuations.

Analysts highlight the current range as a critical support and resistance zone.

The area has seen repeated buying interest, which has prevented deeper corrections.

However, potential downside risk remains, and $2,800–$2,670 could be key.

On the upside, a sustained move above $3,050–$3,100 could signal renewed momentum, targeting higher levels near $3,200 or beyond toward $4,200.

The post BitMine ramps up Ethereum accumulation with 44,000+ ETH purchase appeared first on Invezz

79 +