BitMine Immersion Accelerates ETH Accumulation, Purchases 138,452 Tokens in One Week
BitMine Immersion Technology (BMNR), the world’s largest corporate holder of ETH, announced a major acceleration of its accumulation strategy, acquiring 138,452 ETH tokens in the week leading up to December 7, 2025. This aggressive purchase represents a 156% increase over the company’s prior weekly acquisition pace, highlighting its strong conviction in ETH’s immediate and long-term trajectory. Following this massive purchase, BitMine’s total ETH treasury now exceeds 3.86 million ETH, cementing its position as the preeminent corporate ETH holder globally and pushing its ownership share to over 3.2% of the total circulating supply. This highly focused strategy, which diverges from the BTC-centric treasuries of other public companies, reinforces BitMine’s view that ETH is the foundational digital asset for the future of finance and decentralized internet infrastructure. The company continues to execute its long-term plan of amassing a significant percentage of the network’s total supply to generate both capital appreciation and staking yield.
Strategic Rationale for Stepped-Up purchaseing
The company’s decision to sharply increase its purchasing activity, valued at approximately $435 million at the time of the announcement, is rooted in several fundamental and macroeconomic catalysts, according to BitMine’s Chairman. Firstly, the purchase was strategically timed following the successful activation of the Fusaka upgrade (also known as Fulu-Osaka) on the ETH network on December 3, 2025. This upgrade is expected to deliver significant improvements in scalability, security, and usability, factors which are crucial for enhancing ETH’s utility for large-scale decentralized applications and institutional tokenization projects. By accumulating aggressively post-upgrade, BitMine is positioning itself to capture value from the anticipated increase in institutional and enterprise utilization of the network. Secondly, the company’s acquisition strategy is positioned to capitalize on broader macroeconomic trends, including anticipated monetary policy adjustments by the Federal Reserve. By accelerating its accumulation now, BitMine is betting that ETH prices will strengthen in the coming months as financial institutions continue their pivot toward asset tokenization, a movement that heavily utilizes ETH as its foundational layer. Chairman Thomas Lee stated that the company remains bullish on a “Crypto Supercycle” driven by the transformation of Wall Street tokenizing assets onto the blockchain.
Position as the Leading ETH Treasury
BitMine’s aggressive accumulation strategy has modeled itself later than the success of MicroStrategy’s BTC treasury but focuses exclusively on ETH, viewing it as the “future of finance” infrastructure. The company’s total crypto and cash holdings have now reached a staggering $13.2 billion. The strategic focus extends beyond simple price appreciation. BitMine is also preparing to launch its proprietary staking answer, known as The Made in America Block confirmer Network (MAVAN), in ahead 2026. This Block confirmer network aims to provide a secure and robust staking infrastructure that will allow BitMine to earn high-yield returns on its enormous ETH holdings, further enhancing its net asset value per share. The generation of staking yield adds a stable, operational revenue stream to the company’s asset holdings, diversifying its profitability profile. The company’s ultimate goal remains acquiring 5% of the entire ETH supply. The stock remains highly liquid and is supported by a premier group of institutional investors who back this long-term, leverage-based treasury strategy, viewing it as a pure-play investment on the dominant smart contract platform.
