Key Notes
- BitMine now controls over 3.2% of circulating ETH supply, positioning itself as the largest corporate Ethereum treasury globally.
- The company accelerated purchases to 138,452 ETH weekly, up from 54,156 four weeks prior, targeting 5% ownership stake.
- BMNR stock maintains $1.8B daily trading volume, ranking 37th in US market turnover despite recent volatility.
BitMine Immersion Technologies (BMNR: NYSE American) has expanded its Ethereum position to more than 3.86 million ETH, lifting holdings to around $13.2 billion and accelerating its weekly ETH buying pace by 156%.
The move comes as BMNR remains one of the most actively traded US stocks and as Ethereum
ETH
$3 116
24h volatility:
2.7%
Market cap:
$376.20 B
Vol. 24h:
$27.95 B
trades near the mid-$3,000 range after a volatile fourth quarter.
BitMineâs $13.2B Crypto Treasury Push
The company reported that its crypto, cash, and âmoonshotâ assets now total about $13.2 billion, including 3,864,951 ETH, 193 BTC
BTC
$90 101
24h volatility:
0.5%
Market cap:
$1.80 T
Vol. 24h:
$48.67 B
, a $36 million stake in Eightco Holdings, and roughly $1 billion in cash, they detailed in their announcement.
Over the last week, BitMine purchased 138,452 ETH, sharply higher than the 54,156 weekly pace it recorded four weeks earlier, marking a 156% jump in its rate of accumulation. Chairman Thomas âTomâ Lee linked the acceleration to expectations that ETH prices will strengthen as the Fusaka upgrade, rate-cut prospects from the Federal Reserve, and the end of quantitative tightening reshape crypto liquidity and demand into 2026.
At current levels, BitMine controls more than 3.2% of the circulating ETH supply, reinforcing its position as the largest Ethereum corporate treasury and the second-largest crypto treasury worldwide, behind Strategy Inc. (MSTR), according to data from Coingecko.
Table of Ethereum treasuries holding. Source: Coingecko
The company continues to target a 5% ownership stake in the ETH supply, supported by a group of institutional backers, including ARK Invest, Pantera, Galaxy Digital, and other major industry players.
BMNR Stock Activity Keeps Rocking
BitMine keeps among the most heavily traded US stocks, with average daily dollar volume of about $1.8 billion over the last five sessions, placing it roughly 37th by turnover and ahead of several large-cap financial names. On December 8, there was a lot of activity, with the price increasing by more than 4% and volatility up by 2% from yesterday, according to Yahoo Finance.
Graph of BMNR stock activity in the market. Source: Yahoo Finance
Earlier in 2025, BMNR saw an extreme rally that drew in both profit takers and short sellers, with reports of a 17,000% year-to-date move, followed by a pullback and new short positions from firms such as Kerrisdale Capital.
Despite volatility and a drawdown from its peak above $150, recent data show BMNR still changing hands at high volume, only this December 8 on 17 million, in the mid-double-digit range, keeping the stock in focus for traders who view it as a leveraged proxy for ETH.
The price of Ethereum is trading near the $3,050â$3,150 range as of December 8, 2025, down from levels near $4,000 a year ago but showing slight daily gains, reflecting a market that is consolidating after strong moves earlier in the year. These current ETH price levels present opportunities for Bitmine to optimize operations and position itself strategically for both short-term mining profitability and long-term growth.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.
José Rafael Peña Gholam on LinkedIn
Source: https://www.coinspeaker.com/bitmine-ethereum-holdings-13-billion-accelerated-purchases/
