BitMine’s Ethereum Fever: Over $12 Billion and Counting! 😲

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So, apparently, BitMine Immersion Technologies decided to go all in with Ethereum. Like, they crossed a big milestone-or should I say, a giant mountain drop-this week, smashing past 4 million ETH. And they’re not just dabbling, folks. They’re full-on hoarding. It’s like a crypto version of ‘The hoarder’s guide to the universe.’

According to some fancy company disclosures (because, of course, they’re not just making this up), their treasury now has about 4.066 million ETH. What’s that in real money? Well, roughly a gazillion dollars-no, seriously, about $13 billion, mostly in Ethereum. Looks like they’re planning to buy their way to the moon-or at least to a very nice orbit. 🚀

BitMine Inches Past 4 Million ETH… With Style

They threw around nearly 98,850 ETH in just a week. That’s like if you bought a few houses… every week. The buys came in waves-buy, buy, buy-both on the open market and through some secret, whispery OTC channels. Basically, they’re playing Monopoly but with billions and nobody’s passing GO. The company’s total assets? About $13 billion, and ETH is the star of the show. So much for being careful, huh?

It seems Tom Lee (@fundstrat) just couldn’t resist and swooped in with another 13,412 ETH ($40.61M). These guys are having a micro-party every day. 🎉

– Lookonchain (@lookonchain) December 22, 2025

Buying Like There’s No Tomorrow – And Buying a Lot

On-chain alerts reveal that BitMine added another 13,410 ETH-close to $41 million, if you’re counting in human money. And earlier in the month? They bought enough ETH to make you wonder if they’re trying to single-handedly fund the entire Ethereum network. Rumor has it they added around $300 million worth over several days. Yep, they’re stacking sats like it’s Tetris, and they don’t care if the block fall is fast or slow. ⏳

Some analysts are scratching their heads, wondering if this corporate buyer is draining the whole market of ETH supply. It’s like they’re playing a game of crypto ‘Keep Away’ with everyone else. Good news for hodlers, bad news for sellers.

Here’s the latest from BitMine’s own words, Dec 22, 2025:

$13.2 billion total (because why not?), including:

  • 4,066,062 ETH @ $2,991 each (at Coinbase, because they’re fancy like that)
  • 193 Bitcoin (yeah, they’re diversifying… kinda)
  • $32 million stake in Eightco Holdings (wild moonshot stuff)
  • And a cool billion in cash – as if they could spend it all in one day.

– Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 22, 2025

Some traders think they bought ETH while it was trading low, kinda like catching a falling knife-but hey, that’s the game, right? Others are whispering about “long-term conviction”-yeah, sure. Meanwhile, the market’s watching nervously, like you watch your grandma try to text. 😂

What’s Next? More Buying. More Drama. More Chaos.

Shares of BitMine and some related crypto stocks? They’re bouncing around more than a pinball machine after this news. Institutional investors? Oh yeah, they’re sniffing around, piling in, trying to catch the tail end of this madness.

And, of course, the company’s saying they’re just getting started. Their goal? To scoop up a giant chunk of ETH, possibly more than anyone sane would want to handle. It’s like they’re planning to turn Ethereum into their personal piggy bank-big, shiny, and very, very full.

Other Nifty Details

All these figures come from on-chain detectives and public filings-thanks, internet! These guys track every tiny transfer, because in crypto, nothing stays hidden for long. Basically, they’re the cyber-Gmen on the case, making sure everything adds up or doesn’t, whichever fits the story.

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2025-12-23 19:32