BitMine Immersion Technologies continued is, again, on its aggressive Ethereum accumulation strategy, receiving an additional 48,049 ETH, valued around $140 million, into its corporate treasury as markets remained pressured into mid-December 2025.
Key Takeaways:
- BitMine added 48,049 ETH (~$140M) to its Ethereum treasury in the latest on‑chain transfer, signaling continued accumulation during market pullbacks.
- The firm’s total holdings now represent roughly 3+% of circulating ETH supply with overall crypto & cash assets exceeding $13.2B.
- ETH price is still being dragged down by the broader crypto market’s downward pressure, trading near multi-month lows while showing mixed momentum from technicals. But the market shows optimism as institutional buying continues.
Several news platforms, as well as on-chain trackers and analytics on X (formerly Twitter), report that BitMine Immersion Technologies, the publicly traded digital asset treasury firm, received 48,049 ETH worth about $140 million from institutional broker FalconX.
This transfer is interpreted by analysts as part of BitMine’s ongoing buy‑the‑dip strategy, marking another significant accumulation event in a broader corporate Ethereum investment thesis. According to the company’s disclosures, BitMine’s total treasury now tops $13.2 billion, with approximately 3.97 million ETH on its balance sheet.
ETH Holds Steady as Institutional Buying Emerges
As of this writing (10:30AM UTC), Ethereum (ETH) shows a steady, sideways price movement in the last 24 hours following days of weak price momentum of the broader crypto market. ETH is trading around $2,921.45, still moving in red with a modest 0.2% drop over the past 24 hours. CoinGecko’s live market data shows ETH dropped from its intraday highs around $2,971.02 to intraday lows near $2,902.57, suggesting the token’s sideways price movement and mild volatility in today’s trading session.
Meanwhile, larger indices show mixed technical readings as the broader crypto market also experienced heavy volume and forced liquidations in recent days, with Bitcoin and Ethereum both pulling back sharply, reflecting heightened volatility in risk assets.
Experts Signal High Conviction in BitMine’s Ethereum Strategy
BitMine Chairman Tom Lee has articulated a long-term thesis around Ethereum, framing dips as discounted opportunities and aiming for the firm to eventually hold approximately 5% of Ethereum’s circulating supply.
Although direct comments on the latest transfer are limited, BitMine’s press releases emphasize confidence in Ethereum’s ecosystem fundamentals, including growth in smart contract adoption and DeFi infrastructure. Such strategic accumulation mirrors traditional treasury strategies where corporations increase holdings in key assets for long-term strategic advantage.
Outlook
BitMine’s continued purchase of Ethereum highlights the current split in the crypto market: large companies are confident in the long-term potential of Ethereum, while everyday traders are still cautious due to recent price drops. While short-term indicators point to some uncertainty, the firm’s massive investment shows that major players are willing to buy when prices are lower.
If BitMine and similar institutional investors keep on expanding their holdings, it could gradually reduce the supply of Ethereum available on the market and help support prices. This pattern suggests that while the market may face ups and downs in the coming weeks, strong corporate demand could provide stability and signal that confidence in Ethereum’s long-term growth remains high.
Summary
BitMine added 48,049 ETH (~$140M) to its treasury amid a market dip, underscoring continued institutional accumulation and confidence in Ethereum despite short-term volatility.
