Ethereum treasury firm BitMine Immersion Technologies added 32,977 ETH valued around $104 million during the final week of 2025, the firm announced on Monday.
The latest purchase brings its total holdings to more than 4.14 million ETH, worth more than $13 billion as of this writing. Its holdings now represent around 3.4% of the circulating ETH supply, leaving BitMine about 1.9 million ETH shy of its stated goal of 5% of the total circulating supply.
“In the final week of 2025, total equity and crypto activity slowed, and yet we acquired 32,977 ETH in the past week,” said Bitwise Chairman Tom Lee, in a statement.
“Our analysis shows that BitMine has continued to accumulate ETH at an accelerated pace versus other Ethereum [digital asset treasuries]. We remain the largest ‘fresh money’ buyer of ETH in the world.”
The firm’s purchase announcement follows aggressive forecasting for the price of Ethereum and shares in BitMine (BMNR) as part of Lee’s latest chairman’s message. In his Friday remarks, Lee predicted a move to $250,000 for ETH — a roughly 7,760% increase from the recent trading price of $3,180. ETH is up nearly 9% over the last week.
Lee also predicted a future price of $5,000 per share for BMNR based on its relationship to the price of Ethereum. But that mark is without any stock splits, a major focus for the firm as it seeks shareholder approval to increase the authorized share count from 500 million to 50 billion.
“BitMine needs the increase in authorized shares primarily to allow the company to selectively issue shares for capital market activities, accommodate future share splits (as ETH moves to our long-term targets), and enable us to consider selective acquisitions,” Lee said.
The firm cited stock splits as the most important reason for the share increase, highlighting a focus on keeping the stock price accessible to the public and around $25. Lee’s message urged all shareholders to vote yes on the proposal by January 14.
Other proposals ahead of its annual meeting include electing eight directors and implementing special compensation and incentive plans.
Shares in the Ethereum treasury firm are up around 4% on Monday, recently changing hands at $32.49 and up nearly 14.8% in the last five trading days, according to data from Yahoo Finance.
The company remains the largest Ethereum treasury firm and is the second-largest publicly traded crypto treasury overall, trailing only Strategy, the Bitcoin treasury firm that holds around $63 billion in BTC.
In addition to its $13 billion in ETH, BitMine holds around $915 million in cash and 192 Bitcoin valued near $18 million.
