BitMine Tops Up Treasury With $132 Million in Ethereum

Cover image via U.Today Read U.TODAY on Google News BitMine surpasses $12 billion milestone BitMine's treasury nears 4% of ETH supply Advertisement BitMine, the world’s biggest Ethereum treasury, chaired by Tom Lee, has added more Ethereum tokens to its rapidly expanding Ethereum treasury despite growing uncertainties across the crypto market. Following recent Ethereum purchases identified from the platform, it appears that BitMine has not relented on its long-term conviction in Ethereum after acquiring $132 million worth of ETH over the past week, according to on-chain data from blockchain intelligence platform Arkham. BitMine surpasses $12 billion milestone While BitMine has continued its aggressive Ethereum buying spree, its latest purchase has seen the treasury reach a massive $12.24 billion. HOT Stories Morning Crypto Report: XRP Death Cross Alarm With -26% on Radar, Bitcoin and Ethereum Drop $1,078,000,000, Solana Sees 99% Rug Pull Bitcoin Reserve Ends Up Being One of Biggest Fails of 2025 Crypto Market Prediction: Shiba Inu's (SHIB) First Big Test in 2026, Bitcoin (BTC) Enters Year-End Rally Again, XRP $2 Is Target Again 459 Billion SHIB Leaves Exchanges, World’s Highest IQ Holder Bullish on XRP in 2026, Bitcoin ETFs See Worst Performance Since Launch — Crypto News Digest While the firm also boasts holding about $1 billion in cash, it has sufficient resources to continue accumulating Ethereum while expanding its large Ethereum treasury. Advertisement The data showcased by the source revealed a steady withdrawal of large amounts of ETH into BitMine-associated wallets over the past week, with individual transfers ranging from 15,000 to 28,000 ETH per transaction. You Might Also Like Tue, 12/30/2025 - 16:17 $1,500,000,000 in 12 Months: Solana Flips Ethereum and Hyperliquid in Revenue By Godfrey Benjamin While the data further showed that some of the transfers were moved through Ethereum’s BatchDeposit contract, it appears that BitMine has moved a portion of the funds for staking purposes. Advertisement BitMine's treasury nears 4% of ETH supply Following its consistent accumulation of Ethereum, even during periods of high volatility, BitMine now controls about 3.39% of Ethereum’s total circulating supply, positioning the firm as the largest holder of Ethereum and a major force that can easily influence the asset’s market movement. While BitMine now holds $12.24 billion in its treasury, the firm would need to purchase an additional $2.2 billion worth of ETH at current prices to hit the major 4% Ethereum ownership target, according to analysis provided by the source. With its consistency in regular Ethereum purchases, coupled with the $1 billion held in cash and the firm’s sufficient liquidity position, BitMine is expected to hit the 4% threshold in the near future. Source: TradingView Following BitMine’s aggressive purchases, Ethereum has returned to the positive trading side, showing a decent increase of 1.53% over the last day while trading at $2,980 as of writing time. #Ethereum #Ethereum Price Prediction #Bitmine #Tom Lee