Bitmine Invests Another $352M in Ethereum, Strengthening Its Treasury

Bitmine has significantly increased its stake in Ethereum, investing $352 million more into ETH this week. This move comes as part of the company's ongoing strategy to accumulate a substantial amount of digital assets, despite market fluctuations and current losses.

Key Takeaways

Bitmine has staked an additional 118,944 ETH, valued at $352 million.
The firm’s total staked Ethereum now amounts to 461,504 ETH, or approximately $1.37 billion.
A newly created wallet linked to Bitmine received 32,938 ETH from FalconX, indicating active asset management.
Bitmine continues its aggressive accumulation strategy, despite facing unrealized losses of around $3.5 billion.
The company plans to launch its Made in America Validator Network (MAVAN) in early 2026.

Bitmine grows Ethereum treasury with fresh $352M staking transaction

Bitmine's Continued Investment in Ethereum

This week, Bitmine has once again expanded its exposure to Ethereum by staking an additional $352 million. As Ethereum prices remain below previous levels where the company acquired much of its stake, Bitmine shows no signs of slowing down.

On December 31, blockchain data analyzed by OnChain Lens revealed that Bitmine staked 118,944 ETH, representing a total value of approximately $352.16 million at that time. Following this recent transaction, Bitmine's overall staked Ether increased to 461,504 ETH, which translates to around $1.37 billion based on current market prices.

Ethereum

Insights into Staking Activity

The data also highlights a newly established wallet that received 32,938 ETH, valued at approximately $97.8 million, from the trading firm FalconX. Analyzing on-chain activity indicates that this wallet is likely controlled by Bitmine, suggesting that the company is actively increasing its exposure to Ethereum rather than merely managing its existing investments.

Bitmine (@BitMNR) has further staked 118,944 $ETH, valued at $352.16M.

In total, they have staked 461,504 $ETH, worth $1.37B.

Also, a newly created wallet received 32,938 $ETH, worth $97.8M, from #FalconX. It likely belongs to #Bitmine. https://t.co/1vbYSuHbap… https://t.co/GdG0PwZhI0 pic.twitter.com/bXLIzm78Gl — Onchain Lens (@OnchainLens) December 30, 2025

These staking activities follow an eventful month for Bitmine. Within the past week, the firm has added 44,463 ETH to its portfolio, valued at about $132 million. Earlier in December, the company executed several significant transactions, including a single-day purchase of 67,886 ETH worth around $201 million, as well as additional acquisitions of 29,462 ETH ($88 million) and 32,938 ETH ($97.6 million).

Strategic Shift Amid Market Challenges

Bitmine Immersion Technologies Inc. (NYSE: BMNR), led by Fundstrat's Tom Lee, is undergoing a strategic transformation in 2025. Transitioning from its previous focus on immersion cooling for crypto mining, the company is now concentrating on large-scale accumulation of digital assets, with Ethereum being its primary focus.

Currently, Bitmine is believed to hold the largest corporate ETH treasury globally, and it ranks second overall in crypto treasuries, following only Strategy’s Bitcoin holdings. The company has amassed approximately 4.07 million ETH, valued at over $12 billion, according to data from Strategic ETH Reserve.

This aggressive accumulation policy does carry risks. With average ETH acquisition prices hovering around $3,960, Bitmine is currently facing estimated unrealized losses of about $3.5 billion. Nevertheless, the company is determined to continue building its holdings through market pullbacks, aiming to eventually own around 5% of Ethereum's circulating supply.

Plans are underway for the company to launch its Made in America Validator Network (MAVAN) in the first quarter of 2026, which will oversee Ethereum validators based in the U.S. Bitmine's next shareholder meeting is slated for January 15, 2026, in Las Vegas, where Tom Lee is anticipated to discuss the company's ongoing plans for its ETH treasury and its long-term growth strategy.