Bitmine Ramps Up Ethereum Staking With a Bold $1.37B Year-End Expansion

Bitmine Immersion Technologies increased its Ethereum stakes to $1.37 billion by accumulating $352 million worth of Ether on December 31. The deal occurred in a slowdown in the larger crypto market. It solidified the cumulative strategy developed by the company and raised its holdings to an even greater level. On-chain data verified the magnitude of the move and indicated steady activity in December.

OnChain Lens showed that Bitmine has been staking 118,944 ETH on the last operation. The deposit brought the total amount of staked Ether in the firm to 461,504 ETH. The staked holdings were worth about $1.37 billion, according to market values at the time. The statistics revealed that there was further growth instead of repositioning current assets.

Onchain Labs also found a new wallet that FalconX planned to load with 32,938 ETH. The activity pattern likely suggested a connection between the address and Bitmine. This move was in addition to indicators that the company was continuing to expose itself. The movement did not exhibit internal reformulation but new inflows.

Bitmine Extends December Ethereum Buying Spree

The company was operational during December. Bitmine gained over 44,000 ETH in the last week. It made several big purchases earlier in the month. The largest transaction occurred on December 24, when the company purchased 67,886 ETH at a near purchase price of $201 million.

Bitmine also made other significant purchases. Bitmine further subsidized its Ether treasury with a transfer of approximately $88 million and an additional $97.6 million. According to the Strategic ETH Reserve data, the total quantity of Ethereum that Bitmine owns amounts to approximately 4.07 million ETH. Currently, the market of such holdings amounts to $12 billion.

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As of press time, Ethereum is trading at 2,987. The volume of its 24-hour trading was about $16.53 billion. CoinMarketCap data shows that Ethereum had a total market cap of approximately $360.9 billion. 

Strategic Shift Highlights Growing Focus On Ethereum Holdings

Bitmine Immersion Technologies Inc. had not stopped its strategic shift in 2025. Bitcoin mining hardware used to be a known offering for the company. Since that time, it has restructured its operations around huge digital-asset holdings. This year, Bitmine primarily focused its treasury approach on Ethereum.

Strategic ETH Reserve records reported that Bitmine has the biggest identified corporate Ether treasury. It is second in terms of world crypto treasuries after the Strategy Bitcoin treasury. The company said that it intends to purchase approximately 5% of the supply of Ethereum.

The average price of ETH that Bitmine buys is approximately $3,960. The company incurs losses that have not yet occurred because the current market is at a lower stage. Nevertheless, it maintained its buying and staking activity during the month of December. Tom Lee noted that tax-loss selling and low institutional involvement contributed to the market’s weak performance at year-end.

Also Read: Bitcoin Longs Lose Strength as Coinbase Premium Hits Fresh Lows