BitMine Immersion Technologies recently added 110,288 Ether to its holdings, reaching 3,505,723 ETH valued at $12.5 billion, aiming for 5% of Ethereum’s total supply. This move, announced amid a price dip, underscores the firm’s bullish stance on Ethereum’s long-term potential in asset tokenization and blockchain adoption.
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BitMine’s latest purchase: 110,288 ETH at an average price of $3,639 per token, boosting holdings by 34% week-over-week.
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Current treasury value stands at approximately $12.5 billion, positioning BitMine as the largest Ethereum treasury holder.
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The firm now controls 2.9% of Ethereum’s 120,696,594 total supply, with a target of 5%, supported by expert predictions of ETH reaching $10,000-$12,000 by year-end.
Discover BitMine’s aggressive ETH accumulation strategy, adding over 110,000 Ether to hit $12.5B in holdings. Explore implications for Ethereum’s future amid Wall Street’s blockchain interest. Stay informed on crypto treasury trends today.
What is BitMine’s Ethereum Accumulation Strategy?
BitMine’s Ethereum accumulation strategy involves systematically building a substantial treasury of Ether to capitalize on the cryptocurrency’s growth in blockchain applications. The company, originally focused on mining, has shifted to holding ETH as a core asset, recently purchasing 110,288 tokens to reach 3,505,723 ETH at an average cost of $3,639 each. This approach highlights Ethereum’s role in tokenizing real-world assets, fostering transparency and efficiency in financial markets.
How Does BitMine’s Recent ETH Purchase Impact Its Treasury Goals?
BitMine Immersion Technologies’ acquisition of 110,288 Ether last week marked a significant escalation in its treasury buildup, increasing holdings by 34% from the prior week and bringing the total to 3,505,723 ETH. Valued at around $12.5 billion currently, this positions the firm as the leading Ethereum treasury entity. Chairman Tom Lee emphasized the dip in ETH prices as a prime buying opportunity, noting Wall Street’s growing interest in blockchain tokenization for enhanced transparency and value creation. According to data from BitMine’s announcement, the firm now holds 2.9% of Ethereum’s total supply of 120,696,594 tokens, with an ambitious target of 5%. This strategy aligns with broader market trends, where institutional adoption is driving Ethereum’s utility in decentralized finance and asset management. Ethereum’s network has also seen efficiency improvements, such as gas fees dropping to 0.067 gwei recently, amid reduced activity, which could further support long-term holding strategies like BitMine’s.
Source: BitMine
Tom Lee, co-founder of financial research firm Fundstrat, remains highly optimistic about Ethereum’s trajectory. In mid-October, he forecasted ETH prices climbing to between $10,000 and $12,000 by the end of 2025, driven by fundamental advancements in the ecosystem. At the time of this report, ETH trades at $3,561, reflecting a 13.4% decline over the past two weeks and 4.7% over the last 30 days. For BitMine’s treasury to align with Lee’s prediction at current levels, ETH would require approximately a 180% increase by December’s close. Despite the unrealized losses in its holdings due to recent price softness, BitMine’s commitment signals confidence in Ethereum’s “super cycle” over the next decade, fueled by institutional integration and technological upgrades.
BitMine’s evolution from a cryptocurrency mining operation to a major ETH holder exemplifies the maturing crypto landscape. The firm’s stock, ticker BMNR, has performed robustly in 2025, rising over 400% year-to-date to $41.15. This surge reflects investor enthusiasm for treasury-focused strategies amid volatile markets. As Ethereum continues to underpin innovations in smart contracts and decentralized applications, entities like BitMine are betting on its foundational role in the blockchain economy.
Frequently Asked Questions
What Percentage of Ethereum’s Supply Does BitMine Currently Hold?
BitMine Immersion Technologies holds 3,505,723 ETH, representing 2.9% of Ethereum’s total supply of 120,696,594 tokens. The firm aims to reach 5%, continuing aggressive accumulation to strengthen its position as a key player in the ecosystem.
Why Is Tom Lee Bullish on Ethereum’s Price in 2025?
Tom Lee views Ethereum’s price potential through the lens of increasing Wall Street adoption for asset tokenization on the blockchain. He predicts ETH could reach $10,000 to $12,000 by the end of 2025, citing enhanced transparency and new value opportunities for investors as core drivers in this natural-sounding explanation.
Key Takeaways
- Accelerated Accumulation: BitMine added 110,288 ETH last week, a 34% increase from the previous period, solidifying its treasury at $12.5 billion.
- Strategic Target: Aiming for 5% of Ethereum’s supply, the firm leverages price dips to build long-term value amid institutional interest.
- Market Optimism: With ETH at $3,561 and predictions up to $12,000, monitor network efficiencies like low gas fees for investment insights.
Conclusion
BitMine’s Ethereum accumulation strategy, highlighted by its recent 110,288 ETH purchase and $12.5 billion treasury, demonstrates unwavering confidence in the network’s future amid Wall Street’s blockchain embrace. As the firm progresses toward 5% of total supply, Ethereum’s role in tokenization promises sustained growth. Investors should watch for price recoveries and ecosystem developments to gauge ongoing opportunities in this dynamic space.
