BitMine enjoys strong market position with about $1.9 billion in average daily trading volume and support from institutions such as ARK Invest, Founders Fund, Pantera Capital, Kraken, and Galaxy Digital.

The latest accumulation follows two weeks of faster buying after a slower November, amid volatility around the October price shock, with ETH near $3,120 and BMNR stock down roughly 6% on the disclosure day.

BitMine operates mining facilities in Texas and Trinidad, financing growth through capital raises and efficiency, and pursuing the ‘alchemy of 5%’ ETH exposure.

BitMine Immersion Technologies, the world’s largest Ethereum corporate treasury, expanded its ETH holdings by adding 102,259 ETH last week, bringing total holdings to 3,967,210 ETH, valued at about $12.5 billion at current prices.

The company’s diversified balance sheet—including $1 billion in cash, a small BTC position, and a stake in Eightco Holdings—supports ongoing ETH accumulation and signals a climate-aligned, strategic crypto stance.

BitMine has maintained a steady ETH buying cadence, with recent weekly purchases of 102,259 ETH, 138,452 ETH, and 96,798 ETH in successive weeks.

Regulatory developments are seen as laying groundwork for a future financial system centered on digital assets, drawing parallels to the dismantling of the gold standard in 1971.

The timing aligns with renewed emphasis on Ethereum’s role in tokenization, with Ethereum framed as the future of finance and institutional adoption supported by tokenized instruments like JPMorgan’s tokenized money-market fund on Ethereum.

Ethereum faces resistance around $3,200–$3,300, a key level that could determine near-term momentum, akin to Bitcoin’s behavior near $90,000.

Analysts see ETH stabilizing near $3,000, with potential for a bounce above $3,100 and a possible retest near $3,500; a break below $3,000 could retest the December 1 low near $2,720.

Long-term ETH accumulation is reinforced by improving crypto sentiment and legislative progress in 2025, signaling growing institutional support for Ethereum.

BitMine’s chairman cites expected regulatory tailwinds and stronger institutional engagement in 2025 to bolster the ‘alchemy of 5%’ plan, targeting 5% of ETH’s total supply.