Ethereum treasury company Bitmine has crossed a significant threshold, with holdings exceeding 4 million ETH tokens after its latest acquisition.
The firm announced on Monday that it bought 13,412 ETH for $40.61 million, pushing total assets to 4.06 million ETH at current prices around $3,000. This purchase caps a week of aggressive buying, totalling 98,852 ETH at an average cost of $2,991 each.
🧵BitMine provided its latest holdings update for Dec 22th, 2025:
$13.2 billion in total crypto + “moonshots”:
-4,066,062 ETH at $2,991 per ETH (@coinbase)
– 193 Bitcoin (BTC)
– $32 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
– total cash of $1.0 billion.…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 22, 2025
Chairman Tom Lee called the 4 million mark a tremendous milestone reached in just 5.5 months since launching its Ether strategy in June. With ETH rebounding to $3,000 over the weekend, Bitmine’s stash returned to profit following an October market dip. The company’s conviction in Ethereum remains firm, as it eyes 5% of the total supply, or about 6 million ETH.
Bitmine’s strategic push toward 5% supply goal
Bitmine now controls roughly 3.3% of Ethereum’s circulating supply, placing it 67% of the way toward its 5% objective, per Strategic ETH Reserve data. Lee highlighted synergies from extensive holdings, including future staking yields. Shares in Bitmine (BMNR) surged 606% over the past six months, driven by its ETH play, and recent trading volume has placed it among the top U.S. stocks.
The firm plans to use the Made in America Validator Network (MAVAN) in early 2026, offering secure staking infrastructure to boost investor returns. This follows prior buys, such as $70 million in ETH during market dips and over 200,000 ETH post-crash, signalling steady accumulation. Investors such as Founders Fund and ARK Invest back Bitmine, adding credibility to its treasury approach.
According to Tom Lee, Ethereum could hit $20,000 by 2026, driven by its dominance in real-world asset tokenization, a sector increasingly adopted by traditional finance. Beyond its price potential, the network boasts technological advancements such as faster transaction speeds and upgrades, reinforcing its utility as a global payment system.
Also Read: BitMine Overtakes Rivals with $2 Billion Ether Buying Spree
Staking has become a major part of the strategy
The company has moved beyond simply holding Ethereum.
Earlier in 2026, Bitmine launched MAVAN (Made in America Validator Network), its institutional staking platform. A portion of the company’s Ethereum treasury is now staked, allowing Bitmine to generate recurring staking rewards while continuing to accumulate ETH.
According to Bitmine, nearly 4.9 million ETH is currently staked through MAVAN, making it one of the largest Ethereum validators in the ecosystem. Management estimates the staking operation could generate hundreds of millions of dollars in annualized rewards, creating an additional revenue stream beyond appreciation in ETH prices.
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