BitMine Immersion Applied sciences (BMNR), the Ethereum-focused digital asset treasury agency, acquired 138,452 ether final week, accelerating its accumulation technique that lifted its complete holdings to three.86 million tokens, the corporate reported Monday.
At present ETH costs, final week’s acquisition is price roughly $435 million. That is a 156% improve from 4 weeks in the past when it added about 54,000 ETH, the agency identified, and it is also larger than the earlier two weeks’ haul of 97,000 and 70,000 tokens.
The agency additionally elevated its money holdings to $1 billion, up from the earlier week’s $882 million. Together with its small bitcoin stash and a stake in Eightco Holdings (ORBS), the corporate’s complete crypto and money property are price $13.2 billion.
The newest buy will increase BitMine’s share of the second largest cryptocurrency’s circulating provide to over 3.2%, reinforcing its place as the most important identified ETH treasury.
BitMine’s shares have been up 3.8% pre-market with ETH modestly bouncing over the weekend again to $3,150.
Digital asset treasuries have slowed or reversed accumulation as token costs and fairness valuations got here beneath strain in current weeks. BitMine has taken the alternative method, rising purchases as ether continues to commerce properly beneath its summer time highs.
Chairman Thomas Lee stated the agency stepped up shopping for after Ethereum’s Fusaka improve on December 3, which launched enhancements to the community’s scalability and safety. He additionally pointed to macro elements, together with the Federal Reserve’s anticipated price lower this month and the tip of quantitative tightening, as help for a stronger ETH market in early 2026.
Lee launched a separate message Monday titled “The Crypto Supercycle is Intact,” arguing that increasing adoption and rising curiosity in tokenization might drive demand subsequent yr.
BitMine remained one of the vital actively traded U.S. shares, with about $1.8 billion in common each day quantity, putting it among the many high 40 most traded equities, the agency stated. Nonetheless, the agency continues to be sittting on hefty unrealized looses on its ETH stash, estimated at practically $3 billion at present costs.
Learn extra: BitMine Immersion Sitting on $4B Loss on Ether Wager as Analyst Warns of Structural Points
