- BitMine holdings reach over 4 million ETH in December 2025.
- A $300 million investment boosts treasury to 13.2 billion.
- Thomas “Tom” Lee leads initiatives for staking solution MAVAN.
BitMine Immersion Technologies reported that its Ethereum holdings exceeded 4 million ETH after purchasing $300 million worth of tokens, on December 21, 2025, increasing its market influence considerably.
This milestone positions BitMine as a dominant ETH holder, potentially impacting market dynamics and investor confidence in crypto treasuries.
BitMine Immersion Technologies reported a milestone, surpassing 4 million Ether, equivalent to 3.37% of total supply. The miner added $300 million worth of ETH to its treasury last week, showcasing significant growth in mere months.
Chairman Thomas “Tom” Lee emphasized continued progress with the acquisition of 98,852 ETH at an average price. BitMine aims for 5% of the ETH supply, driven by support from institutional investors like Cathie Wood and Founders Fund.
BitMine’s Strategic Position
The purchase positions BitMine as the world’s largest Ethereum holder, affecting crypto markets and investor confidence. As ETH holdings grow, the miner approaches giants like Strategy Inc., primarily with BTC assets. Such major shifts in ETH accumulation demonstrate increased interest and strong financial health. BitMine’s total assets, including $1 billion in cash and 193 BTC, underpin its efforts to diversify and dominate in crypto treasuries. BitMine’s Form 10-K indicates a well-strategized financial undertaking with no new institutional grants. The upcoming annual shareholders meeting will address authorized shares and future incentive plans amid these developments.
MAVAN Initiative and Future Plans
The projected launch of MAVAN in early 2026 highlights technological ambitions. Insights suggest a secure staking infrastructure bolstered by substantial ETH reserves, anticipated to impact staking dynamics and enhance BitMine’s strategic operations.
“Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week, and Bitmine holdings now exceed the crucial 4 million ETH tokens. This is a tremendous milestone achieved after just 5.5 months.”
— Thomas “Tom” Lee, Chairman, Bitmine (CoinDesk)
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