Ethereum treasury firm BitMine Immersion Technologies has continued to aggressively expand its ETH holdings even as prices struggle below $3,000.
In fact, blockchain tracker Lookonchain found that the company bought another 32,938 ETH, worth about $97.6 million.
Ethereum Stockpile
The data also shows BitMine staked an additional 118,944 ETH, which is roughly $352 million. The purchases were executed over a four-hour window on Tuesday and come as crypto markets remain subdued in the final stretch of 2025. The company appears to be using year-end softness to scale its Ethereum treasury and deepen its long-term exposure to the network.
BitMine’s latest acquisition brings its total Ether holdings to around 4.07 million ETH, which is valued at approximately $12 billion at current prices. The company has consistently staked a large portion of its reserves. The buying spree took place amid BitMine chairman Thomas “Tom” Lee’s statement that activity tends to slow as the market enters the final holiday weeks of a calendar year.
Lee also noted that BitMine added more than 44,000 ETH over the past week alone and has accumulated over 77,400 токенс since last Monday. He has repeatedly described the firm as the largest “fresh money” buyer of Ether in the world, while highlighting that BitMine has purchased more than 40,000 ETH per week for at least ten consecutive weeks. Lee said,
“Bitmine’s sole focus remains creating stockholder value, achieving this by accretively acquiring ETH per share, optimizing yield and income on its Ether holdings, and strategically investing the balance sheet on ‘moonshots’ and leveraging the company’s strong community and market position to generate additional returns.”
Institutional Flows and Technical Signals
Alongside corporate accumulation, institutional interest in Ethereum has also shown signs of strength. Data from Tuesday shows net inflows of about $67.9 million into spot ETH ETFs. Interestingly, Grayscale accounted for almost $64.2 million of that total.
Additionally, market watchers tracking ETH’s performance against BTC observed that longer-term indicators have begun to turn more constructive. Galaxy Trading points to improving momentum on higher timeframes, which means that Ethereum’s relative positioning versus Bitcoin may be stabilizing after a long period of weakness.
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