Overview
- Last week’s 138,452 ETH purchase was BitMine’s largest in nearly two months and lifted disclosed holdings to about 3.86 million ETH, or just over 3.2% of circulating supply.
- Management attributed the faster accumulation to Ethereum’s Dec. 3 Fusaka upgrade and expectations for near‑term Federal Reserve easing.
- BitMine reported $13.2 billion in combined crypto, cash and ‘moonshot’ assets, including roughly $1 billion in cash, 193 BTC and a $36 million stake in Eightco Holdings.
- Shares rose several percent on heavy turnover, with the company citing roughly $1.8 billion in average daily trading volume, though the stock remains well below prior highs.
- The firm remains the largest known corporate ETH holder, faces multi‑billion‑dollar unrealized losses as reported, and plans to launch its MAVAN staking infrastructure in early 2026.