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BitMine Acquires $300M in Ether, Holdings Exceed 4 Million ETH

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$2,946.64-1.58%
BitMine Immersion Technologies added $300 million in ETH, pushing its holdings past 4 million as of December 21, 2025. The miner increased its stash by 98,852 ETH in the past week, now holding 3.37% of the total supply. ETH price remains a key focus as the firm prepares for the MAVAN staking initiative in early 2026. Chairman Thomas 'Tom' Lee said the move shows strong institutional backing. ETH analysis suggests growing confidence in long-term staking strategies.
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