Key Insights:
- Bitmine Immersion purchased an additional 98,852 ETH worth $302 million.
- BMNR stock jumps 3% as total holdings reach $13.2 billion.
- Bitmine announces details of annual stockholders meeting and agenda.
- ETH price jumps 3% to hold above $3,000.
Bitmine Immersion has acquired an additional 98,852 ETH worth $302 million. Fundstrat’s Tom Lee-backed firm continues to boost its Ethereum holdings, with total crypto holdings reaching $13.3 billion.
BMNR stock price jumped in pre-market trading hours on Monday. A 3% increase in Ethereum price helped support the stock price rebound.
Bitmine Immersion Acquires 98,852 ETH in Strategic Ethereum Treasury Expansion
Bitmine Immersion, the largest Ethereum treasury, has purchased 98,852 ETH to increase its total Ethereum holdings to 4,066,062 ETH, according to a press release on December 22.
The company has strengthened its crypto holdings, with the latest $302 million in ETH purchase. It also holds 193 BTC and $1 billion in additional cash.
In addition, the company has a $32 million stake in Eightco Holdings (ORBS). This makes Bitmine Immersion the 2nd-largest crypto treasury, with total holdings valued at $13.2 billion.
This strategic acquisition underscores the company’s aggressive approach to capitalizing on the growing significance of Ethereum.
“This is a tremendous milestone achieved after just 5.5 months,” said Thomas “Tom” Lee of Fundstrat, chairman of Bitmine. “We are making rapid progress towards the alchemy of 5%.”
Bitmine (BMNR) Stock Surges Over 3% Following Ethereum Purchase
Bitmine Immersion’s announcement of Ethereum purchase saw an immediate response from traders. At the time of writing, BMNR stock jumped 3% to $32.65 in premarket trading hours.
The stock closed at 1.24% higher at $28.43 on Friday to end the week 3% higher despite selling pressure in ETH price.
According to Yahoo Finance, the stock has rallied 339% year to date. Tom Lee continues to purchase ETH, showing investor confidence in the stock.
Fundstrat revealed that Bitmine (BMNR) stock remained one of the most widely traded in the US. The stock recorded an average daily trading volume of $1.7 billion last week.
Also, Bitmine revealed plans to hold its annual stockholders meeting at the Wynn Las Vegas on January 15, 2026.
The company’s agenda includes electing 8 directors, increasing number of shares, and approving the 2025 Omnibus Incentive Plan.
ETH Price Holds Above $3,000
ETH bulls successfully rebounded Ethereum price above $3000 level, causing it to jump more than 3% over the last 24 hours.
The price is trading at $3,063, with a 24-hour low of $2,962 and a high of $3,073. The trading volume saw a significant 68% increase over the last 24 hours.
Matrixport revealed a shift in sentiment among Ethereum options traders. A rise in 25-delta skews signals that traders are becoming less bearish.
Amid the Bitmine bet, it seems that Tom Lee is also bullish on Ethereum. He also highlighted progress on staking solution known as The Made in America Validator Network (MAVAN).
CoinGlass data showed mixed sentiment in the derivatives market. At the time of writing, the total ETH futures open interest was up only 0.54% in the past hour.
The 24-hour futures dropped more than 4% to $35.28 billion. On the other hand, the 4-Hour ETH futures open interest on CME and Binance tanked more than 1% and 3.50%, respectively.
