Tom Lee’s BitMine Acquires 32,977 Ethereum, BMNR Stock Jumps

Tom Lee’s BitMine Immersion Technologies has expanded its Ethereum holdings, purchasing 32,977 ETH, approximated to be $104 million in the last week of 2025. There was an investor response to the fresh accumulation as BMNR price rose on the stock market.

BitMine Increases Ethereum Holdings

The new purchase was announced in a new release associated alongside its upcoming general annual shareholders meeting. Currently, BitMine possesses almost 4.14 million ETH in its treasury, which approximates to 3.43% of the total Ethereum supply.

Another fact noted by the company is that it is the largest fresh-capital purchaser of Ethereum globally. BitMine believes its strategy is to keep acquiring more, and not a purchase and sell.

Chairman Thomas “Tom” Lee announced the reason for the continued buying to investors. He cited the government support for crypto, increasing institutional attraction to tokenization and the demographics that show increased use of digital assets by the young people. Lee is of the view that such factors enhance the long-term prospects of Ethereum in 2026.

Does Ethereum Accumulation Influence BMNR Momentum?

The disclosure also stated that there was an increase in BitMine’s ETH staking activity. The company has now staked 659,219 ETH through third parties and in-house programs. It has created its Made in America Validator Network (MAVAN) that would expand this staking process in 2026. Staking revenue is projected to become one of the major revenues of the company as the network matures.

This announcement comes before the annual meeting of BitMine in Las Vegas on January 15. The firm requests that its shareholders authorize the issuance of more shares. According to the management, this will support its capital market operations, future stock splits, and acquisitions that are in accordance with its strategy.

BMNR stock also traded more volumes after the announcement. According to TradingView, it is rose over 3.3%, and it trades at $32.34 during pre-market.

The increase is an indicator of increased interest in crypto corporate treasuries and the accumulation of Ethereum. Investors are monitoring whether the aggressive position of BitMine is changing the wider institutional position in the asset class.

Are Polymarket Traders Bullish on Ethereum?

Traders are also reacting to the accumulation patterns and price action in the near future. More than half of Polymarket traders bet that ETH price will be around the $3,400 range in January.

Ethereum will reach $3,600, according to 38% of the traders yet only 20% of them predict that the token would be able to reach $3,800 this month. Chances of a drop are less as 39% believe that the price may decrease to $2,800 and the chances are even lower for smaller price levels.

ETH price is currently $3,151, up 1.25% over the past day, per TradingView. The price rose slightly over $3,180, then reduced to about $3,140 before stabilizing at the current zone later in the day.

Despite short-term market volatility, Ethereum still has a positive performance in the past week, recording a gain of 6.67% and a gain of 4.07% in the last one month.