Bitmine Surpasses 4 Million ETH Holdings After $40 Million Buy

Quick Breakdown

• Bitmine now holds over 4.06 million ETH, valued at $12.2 billion, following a 13,412 ETH purchase worth $40.61 million.
• ​The firm added 98,852 ETH last week at an average price of $2,991 per token, achieving the milestone in 5.5 months.
• Bitmine has reached 67% of its 5% Ethereum supply target, with staking via the MAVAN validator network planned for early 2026.

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Ethereum treasury company Bitmine has crossed a significant threshold, with holdings exceeding 4 million ETH tokens after its latest acquisition. The firm

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

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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

. 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 deploy 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.