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Bitmine Ether holdings pass 4M after $40M purchase

Written by Mahathir BayenaPublished Dec. 23 2025Last Updated Dec. 23 2025

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Ethereum treasury firm Bitmine has surpassed a major milestone after its total Ether holdings crossed four million tokens.

The increase followed the company’s latest purchase of Ether valued at approximately $40 million.

Bitmine said its total Ether holdings now stand at more than 4.06 million ETH.

Blockchain analytics platform Lookonchain reported that the firm acquired 13,412 ETH during the latest transaction.

The most recent purchase brings Bitmine’s total acquisitions over the past week to nearly 100,000 ETH.

The company said all Ether bought during the period was acquired at an average price of $2,991 per token.

Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week, and Bitmine holdings now exceed the crucial 4 million ETH tokens.

Tom Lee said.

He described the achievement as a significant milestone reached in just five and a half months.

Ether prices rebounded towards the $3,000 level over the weekend, improving the value of Bitmine’s portfolio.

The rally pushed the company’s Ether holdings back into profit after October’s market downturn.

Bitmine has repeatedly stated its long-term objective is to accumulate 5% of the total Ether supply.

The firm has highlighted strong conviction in Ethereum and its broader ecosystem.

Based on current holdings, Bitmine has reached roughly 67% of its stated accumulation target.

Data from Strategic ETH Reserve estimates the firm’s Ether stash is worth approximately $12.2 billion.

We are making rapid progress towards the ‘alchemy of 5%’ and we are already seeing the synergies borne from our substantial ETH holdings.

Lee said.

The aggressive accumulation strategy has coincided with a sharp rise in Bitmine’s share price.

Shares in Bitmine have surged more than 600% over the past six months.

The company launched its Ether-focused treasury strategy in June.

Bitmine has also outlined plans to begin staking a portion of its Ether holdings.

The staking initiative is expected to be rolled out in early 2026.

We continue to make progress on our staking solution known as The Made in America Validator Network.

Lee said.

He added that the validator network aims to provide secure and high-quality staking infrastructure.

At the time of reporting, Ethereum price was $2,992.49.