Bitmine Buys 44,463 ETH to Expand Ethereum Holdings to $12B, BMNR Stock Jumps

Key Insights:

• Bitmine Immersion purchased 44,463 ETH worth $130 million.
• Ethereum treasury boosted its total holdings to 4,110,525 ETH worth $12.02 billion.
• BMNR stock jumps 4% as ETH price wavers near $3,000.

Bitmine Immersion has acquired an additional 44,463 ETH worth $130 million. Fundstrat’s Tom Lee-backed Ethereum treasury continues to expand its Ethereum holdings, with total crypto holdings reaching $13.2 billion.

BMNR stock price jumped more than 4% to above $29.53 on Monday. ETH price also rebounded as Bitmine boosts its Ethereum holdings.

Bitmine Immersion Boosts Total Ethereum Holdings

The largest corporate Ethereum treasury Bitmine Immersion bought 44,463 ETH, growing its total Ethereum holdings to 4,110,525 ETH worth $12.02 billion, according to a press release on December 29.

The company has 3.41% of the ETH supply. It also holds 192 BTC and $1 billion in additional cash.

In addition, the company has a $23 million stake in Eightco Holdings (ORBS). It makes Bitmine Immersion the 2nd-largest crypto treasury, with total holdings valued at $13.2 billion.

Along with ETH, strategic investing in ‘moonshots’ and leveraging the company’s strong community has make the company’s grew its position to generate additional returns.

“Bitmine sole focus remains creating stockholder value, achieving this by accretively acquiring ETH per share, optimizing yield and income on its ETH holdings,” said Tom Lee, chairman of Bitmine.

BMNR Stock Surges Over 4% Following Ethereum Purchase

Traders responded immediately to Bitmine Immersion’s announcement of Ethereum purchase. At the time of writing, BMNR stock jumped 4% to $29.53.

The stock closed 2% lower at $28.31 on Friday, ending the week 10% lower amid Ethereum selling pressure amid broader volatility.

According to Yahoo Finance, the stock’s year-to-date (YTD) return has decreased to 290% year-to-date. Tom Lee said market activity tends to slow as it enters the final holiday weeks of a calendar year.

Fundstrat revealed that BMNR stock remained one of the most widely traded in the US. The stock recorded an average daily trading volume drop from $1.7 billion to $980 million last week.

Bitmine asked its stockholders to vote ahead of the upcoming annual stockholder meeting on January 15, 2026. The company requires stockholders to approve 4 key proposals to boost holdings.

The company’s agenda includes electing 8 directors, increasing the number of shares, and approving the 2025 Omnibus Incentive Plan.

Analysts Predict ETH Price Need to Hold Above $3,200 for Rally

Ethereum price was trading at $2,926 at the time of writing. The 24-hour low and high were $2,908.75 and 3,051.94, respectively.

Trading volume saw a massive 200% increase over the last 24 hours. This signals a rise in interest among traders.

Popular analyst Michael van de Poppe claimed ETH price would see a strong breakout upwards. For upside momentum, ETH needs to get through the resistance zone at $3,050-3,150.

He predicts a potential for a rally to $3,700. Also, ETH in lower timeframe charts are building strong upside momentum.

Analyst Ted Pillows pointed out that Ethereum price needs to hold above $3,000 level today. A daily close above this zone could push Ethereum towards the $3,200-$3,400 level.

However, if bulls fail to reclaim this level, ETH will reverse the entire pump. This would make the price drop back to $2,800 levels.

CoinGlass data showed mixed sentiment in the derivatives market. At the time of writing, the total ETH futures open interest was up only 0.2% in the past hour.

The 24-hour futures jumped more than 2.30% to $38.04 billion. On the other hand, the 4-Hour ETH futures open interest on CME and Binance tanked more than 1.25% and 1.50%, respectively.