BitMine buys $300 million in ether, crossing 4 million ETH treasury milestone
Yahoo Finance·2025-12-22 14:12

BitMine Immersion Technologies (BMNR), the ether treasury firm helmed by Fundstrat's Thomas Lee, crossed the 4 million ether (ETH) milestone after acquiring 98,852 tokens last week, according to its Monday update. The purchase, valued at roughly 300millionatMondayprices,bringsBitMinestotalETHholdingsto4,066,062tokens,or3.37300 million at Monday prices, brings BitMine’s total ETH holdings to 4,066,062 tokens, or 3.37% of the current ETH supply. The firm also kept 1 billion in cash, unchanged over the week despite the purchases. Its ETH treasury alone is worth just over $12 billio ...