Tom Lee's BitMine Immersion Ramps Up Ether Acquisition, Adding $435M of ETH to Treasury

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Tom Lee's BitMine Immersion Ramps Up Ether Acquisition, Adding $435M of ETH to Treasury This was the firm's largest weekly haul in more than a month; the company also increased its cash holdings to $1 billion. By Krisztian Sandor | Edited by Stephen Alpher Dec 8, 2025, 2:23 p.m. Thomas Lee, Fundstrat Capital co-founder and CIO, Bitmine chairman (CoinDesk) What to know : BitMine Immersion Technologies, the largest Ethereum treasury firm, bought 138,452 tokens last week, increasing its total holdings to 3.86 million ETH. The firm's latest purchase is valued at approximately $435 million, marking its largest weekly acquisition in at least a month. Chairman Thomas Lee cited Ethereum's Fusaka upgrade and macroeconomic factors as reasons for the firm's increasing the pace of its accumulation strategy. BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm, acquired 138,452 ether ETH $ 3,151.08 last week, accelerating its accumulation strategy that lifted its total holdings to 3.86 million tokens, the company reported Monday. At current ETH prices, last week’s acquisition is worth roughly $435 million. That's a 156% increase from four weeks ago when it added about 54,000 ETH, the firm pointed out, and it's also higher than the previous two weeks' haul of 97,000 and 70,000 tokens. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The firm also increased its cash holdings to $1 billion, up from the previous week's $882 million. Including its small bitcoin stash and a stake in Eightco Holdings (ORBS), the company's total crypto and cash assets are worth $13.2 billion. The latest purchase increases BitMine’s share of the second largest cryptocurrency's circulating supply to over 3.2%, reinforcing its position as the largest known ETH treasury. BitMine's shares were up 3.8% pre-market with ETH modestly bouncing over the weekend back to $3,150. Digital asset treasuries have slowed or reversed accumulation as token prices and equity valuations came under pressure in recent weeks. BitMine has taken the opposite approach, increasing purchases as ether continues to trade well below its summer highs. Chairman Thomas Lee said the firm stepped up buying after Ethereum's Fusaka upgrade on December 3, which introduced improvements to the network’s scalability and security. He also pointed to macro factors, including the Federal Reserve’s expected rate cut this month and the end of quantitative tightening, as support for a stronger ETH market in early 2026. Lee released a separate message Monday titled "The Crypto Supercycle is Intact," arguing that expanding adoption and growing interest in tokenization could drive demand next year. BitMine remained one of the most actively traded U.S. stocks, with about $1.8 billion in average daily volume, placing it among the top 40 most traded equities, the firm said. However, the firm is still sittting on hefty unrealized looses on its ETH stash, estimated at nearly $3 billion at current prices. Read more: BitMine Immersion Sitting on $4B Loss on Ether Bet as Analyst Warns of Structural Issues More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients By Francisco Rodrigues , AI Boost | Edited by Stephen Alpher Dec 6, 2025 The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq. What to know : French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026. The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission. The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers. 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