BitMine Expands Ethereum Holdings to $13.2B, Accelerates Weekly Buying Pace 156%

Core Insights - BitMine Immersion Technologies has expanded its Ethereum holdings to over 3.86 million ETH, valued at approximately $13.2 billion, and has increased its weekly buying pace by 156% [1][2][3] Group 1: Company Holdings and Strategy - The company's total assets, including crypto, cash, and other investments, amount to about $13.2 billion, comprising 3,864,951 ETH, 193 BTC, a $36 million stake in Eightco Holdings, and roughly $1 billion in cash [2] - BitMine controls more than 3.2% of the circulating ETH supply, making it the largest corporate treasury for Ethereum and the second-largest crypto treasury globally, following Strategy Inc. [4] - The company aims to achieve a 5% ownership stake in the ETH supply, supported by institutional backers such as ARK Invest and Pantera [4] Group 2: Market Activity and Stock Performance - BitMine remains one of the most actively traded US stocks, with an average daily dollar volume of about $1.8 billion, ranking approximately 37th by turnover [5] - On December 8, the stock price increased by over 4%, with volatility rising by 2% from the previous day [5] - Despite experiencing a significant rally earlier in 2025, followed by a pullback, the stock continues to trade at high volumes, indicating strong interest from traders [6] Group 3: Ethereum Market Context - As of December 8, 2025, Ethereum is trading in the $3,050–$3,150 range, down from nearly $4,000 a year ago, but showing slight daily gains [7] - Current ETH price levels provide opportunities for BitMine to optimize operations and strategically position itself for both short-term mining profitability and long-term growth [7]