BitMine Immersion Adds 48,000 ETH to Treasury on December 17, 2025 – Holdings Surpass 4 Million Tokens

NYSE-listed BitMine Immersion Technologies (BMNR), chaired by Fundstrat’s Tom Lee, continued its aggressive Ethereum accumulation with a major purchase, acquiring approximately 48,049 ETH across two new wallets.

One wallet received 16,182 ETH valued at around $47.5 million, while the other took in 31,867 ETH worth $93.5 million. This addition pushed BitMine’s total holdings beyond 4 million ETH—representing over 3.3% of Ethereum’s circulating supply and valued at roughly $11.8 billion at current prices near $2,900–$3,000. The firm positions ETH as its primary treasury reserve asset, with ambitions to reach 5% of total supply and plans for a U.S.-based staking network launch in early 2026.

Details of the Latest BitMine ETH Purchase

The transaction involved fresh wallet addresses, typical of BitMine’s strategy to distribute holdings across multiple custodied locations for security and operational flexibility.

• Wallet 1: 16,182 ETH (~$47.5M).
• Wallet 2: 31,867 ETH (~$93.5M).
• Total Added: ~48,049 ETH.
• Date: December 17, 2025.
• Price Context: Executed amid ETH trading around $2,900–$3,000.

This follows prior large-scale buys, reinforcing BitMine’s role as one of the largest corporate Ethereum holders.

BitMine’s Growing Ethereum Treasury in 2025

BitMine has emerged as a pioneering corporate adopter of Ethereum as a balance sheet asset, similar to MicroStrategy’s Bitcoin strategy but focused on ETH.

• Current Holdings: >4 million ETH (>3.3% of circulating supply).
• Valuation: ~$11.8 billion.
• Target: 5% of total ETH supply.
• Staking Plans: U.S.-compliant network rollout early 2026.
• Leadership: Chaired by Tom Lee, known for bullish crypto forecasts.

The firm’s NYSE listing provides transparent reporting, with purchases often funded through operational cash flows and capital raises.

Market Reaction and Broader Context

Ethereum’s price remained relatively stable near $2,900 despite the accumulation announcement, reflecting broader market caution amid year-end positioning and macro uncertainty. Community responses were mixed: supporters praised the bold conviction and institutional validation, while skeptics noted ongoing price consolidation.

• Price Stability: ETH held ~$2,900 amid wider altcoin weakness.
• Sentiment Split: Cheers for corporate adoption vs. concerns over short-term momentum.
• Institutional Trend: Mirrors growing treasury interest in ETH alongside BTC.

Implications for Ethereum and Corporate Adoption

BitMine’s scale—controlling over 3.3% of supply—demonstrates deepening corporate confidence in Ethereum as a reserve asset, particularly for its staking yields and layer-2 ecosystem. The planned U.S. staking network could further integrate ETH into compliant institutional frameworks.

• Supply Absorption: Reduces available circulating ETH.
• Staking Catalyst: Potential boost to network security and yields.
• 2026 Outlook: More treasuries eyeing ETH for diversification.

In summary, BitMine Immersion’s December 17, 2025, addition of ~48,000 ETH—pushing holdings past 4 million tokens (~$11.8B)—solidifies its position as a leading corporate Ethereum treasury under Tom Lee’s chairmanship. With targets at 5% supply and U.S. staking plans, the move highlights institutional conviction despite ETH’s consolidation near $2,900. Track on-chain wallets and SEC filings for updates on corporate crypto treasuries in this evolving trend.