BitMine Immersion Applied sciences (BMNR), the Ethereum-focused digital asset treasury agency, acquired 138,452 ether final week, accelerating its accumulation technique that lifted its whole holdings to three.86 million tokens, the corporate reported Monday.
At present ETH costs, final week’s acquisition is value roughly $435 million. That is a 156% enhance from 4 weeks in the past when it added about 54,000 ETH, the agency identified, and it is also greater than the earlier two weeks’ haul of 97,000 and 70,000 tokens.
The agency additionally elevated its money holdings to $1 billion, up from the earlier week’s $882 million. Together with its small bitcoin stash and a stake in Eightco Holdings (ORBS), the corporate’s whole crypto and money property are value $13.2 billion.
The newest buy will increase BitMine’s share of the second largest cryptocurrency’s circulating provide to over 3.2%, reinforcing its place as the biggest recognized ETH treasury.
BitMine’s shares had been up 3.8% pre-market with ETH modestly bouncing over the weekend again to $3,150.
Digital asset treasuries have slowed or reversed accumulation as token costs and fairness valuations got here beneath strain in current weeks. BitMine has taken the other method, growing purchases as ether continues to commerce effectively beneath its summer time highs.
Chairman Thomas Lee mentioned the agency stepped up shopping for after Ethereum’s Fusaka improve on December 3, which launched enhancements to the community’s scalability and safety. He additionally pointed to macro components, together with the Federal Reserve’s anticipated price minimize this month and the top of quantitative tightening, as assist for a stronger ETH market in early 2026.
Lee launched a separate message Monday titled “The Crypto Supercycle is Intact,” arguing that increasing adoption and rising curiosity in tokenization might drive demand subsequent 12 months.
BitMine remained some of the actively traded U.S. shares, with about $1.8 billion in common day by day quantity, putting it among the many high 40 most traded equities, the agency mentioned. Nonetheless, the agency remains to be sittting on hefty unrealized looses on its ETH stash, estimated at practically $3 billion at present costs.
Learn extra: BitMine Immersion Sitting on $4B Loss on Ether Guess as Analyst Warns of Structural Points