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BitMine Adds 138,000 ETH, But BMNR Still Down 60% From The Highs - BitMine Immersion (AMEX:BMNR)

BitMine holds over 3.2% of Ethereum supply and $13.2 billion in assets, increasing ETH by 138,452 tokens amid expectations of price gains from upgrades and Fed rate cuts.

  • On December 7, 2025, BitMine Immersion Technologies reported holdings of 3.86 million ETH tokens and combined crypto, cash and 'moonshot' assets totaling $13.2 billion.
  • Chairman Thomas 'Tom' Lee said the firm stepped up buying after the Fusaka upgrade activated December 3 and cited the Federal Reserve's expected rate cut on Dec. 10 as catalysts.
  • In the past week, BitMine acquired 138,452 ETH, a 156% increase versus four weeks earlier, with last week’s purchase worth $435 million and cash holdings rising to $1.0 billion.
  • By increasing holdings, the company lifts BitMine's share of circulating ETH to over 3.2%, reinforcing its largest known ETH treasury status while BMNR stock remains volatile and trades $1.8 billion daily.
  • Ahead of the January 15, 2026 shareholders meeting, BitMine plans to deploy its Made in America Validator Network in early 2026, pursue its 'Alchemy of 5%' goal, and disclose hefty unrealized ETH losses.
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Benzinga broke the news in New York, United States on Monday, December 8, 2025.
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