Coinspeaker
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BitMine Expands Ethereum Holdings to $13.2B, Accelerates Weekly Buying Pace 156%

BitMine Immersion Technologies Expands Ethereum Holdings

  • BitMine Immersion Technologies (BMNR: NYSE American) increased its Ethereum holdings to over 3.86 million ETH, amounting to approximately $13.2 billion.
  • The company accelerated its weekly Ethereum purchasing by 156%, acquiring 138,452 ETH recently.
  • Ethereum is trading in the mid-$3,000 range following a volatile fourth quarter.
  • BitMine holds approximately 3.2% of the circulating ETH supply, making it the largest corporate Ethereum treasury and second-largest crypto treasury globally.
  • The firm aims for a 5% stake in the ETH supply, supported by major institutional investors like ARK Invest and Galaxy Digital.

Table of Ethereum treasuries holding. Source: Coingecko

BMNR Stock Activity

  • BMNR remains one of the most actively traded US stocks with an average daily dollar volume of $1.8 billion.
  • On December 8, BMNR's stock price rose by over 4% amidst increased volatility.
  • Earlier in 2025, BMNR experienced a significant rally, with a 17,000% year-to-date move, followed by a decline and increased short positions.
  • Despite recent drawdowns, BMNR continues to trade at high volumes, acting as a leveraged proxy for Ethereum.

Graph of BMNR stock activity in the market. Source: Yahoo Finance

The current Ethereum price, around $3,050–$3,150, offers BitMine opportunities for optimized operations and strategic positioning for future growth.