Ethereum treasury firm BitMine Immersion Technologies (BMNR) has reportedly added another 48,049 ETH — worth approximately $140 million based on recent prices — to its corporate treasury, continuing its aggressive strategy of accumulating ether as a key part of its long-term investment thesis.
According to on-chain data tracked by independent blockchain analytics platforms and reported by crypto news sources, the suspected BitMine address received the ETH late Tuesday in what analysts view as another large move to bolster its holdings.
BitMine’s growing ETH position
BitMine — chaired by Thomas “Tom” Lee of Fundstrat and publicly traded as BMNR — has been steadily adding to its Ethereum position throughout 2025 as part of its plan to become one of the largest corporate ETH treasuries globally. A recent press release showed the company’s crypto holdings — including ETH tokens — and total assets have grown into the tens of billions of dollars.
Earlier this month, BitMine disclosed it had increased its cumulative ETH holdings by more than 102,000 ETH (~$320 million) as markets corrected and trading volumes stabilized, reinforcing its long-term conviction in Ethereum’s fundamentals.
Industry analysts describe BitMine’s continued accumulation as a signal of institutional confidence in the largest smart-contract ecosystem amid broader market volatility, though critics note that concentrated accumulation by a single entity can also influence price dynamics.
Strategic rationale and accumulation goals
BitMine’s stated investment strategy focuses on acquiring Ethereum while prices remain comparatively lower and building out infrastructure around its portfolio — including staking solutions such as the Made in America Validator Network (MAVAN) slated to launch next year.
The company has publicly outlined an ambitious “alchemy of 5%” target: to accumulate up to 5 % of Ethereum’s circulating supply as part of a diversified crypto-asset treasury that also includes Bitcoin and institutional cash reserves.
This accumulation strategy has attracted significant attention from institutional investors and Wall Street participants who monitor large on-chain transactions as potential indicators of broader market sentiment.
Market and regulatory context
The move by BitMine comes as Ethereum continues to undergo technological and macroeconomic shifts: the network’s ongoing improvements in scalability and staking capacity have boosted its appeal among long-term institutional holders, while regulatory developments in the U.S. and abroad continue to influence digital-asset allocation strategies.
While large corporate accumulations can be seen as bullish for market sentiment, regulators and analysts warn that concentrated holdings by single actors can also impact trading liquidity and price volatility — especially if substantial movements occur off-exchange or during low-volume periods.
What to watch next
- Treasury disclosures: BitMine’s quarterly filings could provide updated data on its current ETH and total crypto holdings.
- Market reactions: How other institutional holders respond to continued accumulation by a major Ethereum treasury.
- Staking impacts: Progress on MAVAN and how BitMine integrates staking revenue into its broader financial strategy.
Note: Figures for ETH valuations are approximate, based on publicly available price data near the time of the transaction. On-chain movements can be identified through blockchain explorations but may not be formally confirmed by the company until regulatory disclosures are filed.
Also Check: Marshall Islands launches world’s first on-chain UBI using USDM1 sovereign bond on Stellar
2UJIV22S