Tom Lee's company BitMine increases its holdings, and Ethereum reserves exceed 4.06 million.

2025-12-24 01:27:26

Source: PortaldoBitcoin Original Title: BitMine, by Tom Lee, buys more than R$ 1.7 billion in Ethereum Original Link: https://portaldobitcoin.uol.com.br/bitmine-de-tom-lee-compra-mais-r-17-bilhao-em-ethereum/ Bitmine Immersion Technologies is one of the largest fund management companies in the Ethereum space, led by Fundstrat founder Tom Lee. The company recently announced that its Ethereum reserves have surpassed 4 million coins. According to an announcement released on Monday, (22, ), Bitmine's Ethereum reserves reached 4,066,062 coins after a new round of purchases last week.

Large Increase in Holdings

Bitmine has acquired 98,852 units of Ethereum, with a transaction value of approximately $300 million. With this move, the company's total reserves have reached 4,066,062 ETH, accounting for more than 3% of the total circulating supply of Ethereum, making it the publicly listed company with the largest holdings of mainstream crypto assets.

“Bitmine currently holds 3.37% of the ETH supply, one third of the way to its 5% target,” the company stated.

Asset Scale

Despite making significant purchases, Bitmine still maintains a cash reserve of $1 billion, which has remained unchanged over the past week. The valuation of its Ethereum assets alone exceeds $12 billion, making the company the largest holder of Ethereum among publicly traded companies—Bitmine is listed on the largest stock exchange in the U.S., the New York Stock Exchange (NYSE), under the ticker symbol BMNR.

“Bitmine's total assets amount to $13.2 billion,” the company stated.

Continuous Accumulation in Market Volatility

These acquisitions occurred during a period of severe price volatility. At the beginning of last week, ETH dropped from a high of $3,170 to below $2,800 by Thursday, then rebounded to above $3,000. This rebound pushed BMNR's stock price up 10% on Friday, with a further increase of 4.5% in pre-market trading.

Despite moving towards the 5% Ethereum supply target, Bitmine faces over $3 billion in unrealized losses, reflecting the significant drop in cryptocurrency asset prices over the past few months.

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