BitMine Adds $140M in ETH as Ethereum Slips Below $3K

• BitMine acquires 48,049 ETH worth $140.6M amid price dip.
• The firm aims to hold 5% of Ethereum’s circulating supply.

On December 17, 2025, Cryptopolitan reported that BitMine Immersion Technologies (NYSE: BMNR), the largest corporate holder of Ethereum, strengthened its position by purchasing an additional 48,049 ETH valued at approximately $140.6 million. This acquisition occurred during a period of price decline in the cryptocurrency market, highlighting BitMine's confidence in Ethereum as a long-term investment.

BitMine's latest purchase is part of its broader goal to accumulate 5% of Ethereum's circulating supply. Following the acquisition, the company now holds approximately 3,967,210 ETH, representing 3.29% of Ethereum's total supply. As of December 17, their holdings are valued at around $11.6 billion, further solidifying their dominant position among crypto-focused corporations.

The transaction took place as Ethereum’s price traded below $3,000, signifying institutional optimism even amidst market volatility. BitMine's stock (BMNR) saw an immediate impact, climbing to an all-time high of $31.39 on December 16, 2025. The stock’s value increased by an impressive 551.24% over the previous six months, reflecting growing investor interest in BitMine’s aggressive acquisition strategy.

Tom Lee, Chairman of BitMine, encouraged investors to maintain optimism regarding cryptocurrency markets. He cited advancements in legislation and rising Wall Street support for digital assets as key reasons behind the company’s bullish outlook.

According to CoinGecko’s Ethereum Treasury Tracker, BitMine remains the leading corporate holder of Ethereum, far surpassing other institutions such as SharpLink Gaming, The Ether Machine, Bit Digital, and Coinbase Global. These figures position BitMine as the dominant institutional player in Ethereum accumulation.

As of December 17, 2025, 15:08 UTC, Ethereum (ETH) is trading at $3,018.93, with a 2.54% increase in 24-hour trading volume, according to the latest market survey data.