BitMine, the largest corporate Ether holder, buys $199 million in ETH. This move aggressively drives the firm closer to its 5% Ether supply target.
BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip. This occurs despite the efforts of the most successful traders in the industry betting on the price fall of Ethereum. BitMine purchased 199 million Ether over the past two days.
Corporate Giant Accelerates Ether Accumulation
BitMine completed a $68 million ETH acquisition on Saturday. In addition, it carried out another $130.7 million buy on Friday. These transactions were confirmed by blockchain data platform Lookonchain. This recent buying spree demonstrates great conviction.
Tom Lee(@fundstrat)’s #Bitmine just bought another 22,676 $ETH($68.67M) 4 hours ago.https://t.co/H5PQRjt2oBhttps://t.co/Oyc0Cm1tob pic.twitter.com/vey8AwqmnF
— Lookonchain (@lookonchain) December 6, 2025
The firm used to add huge amounts to its treasury. It just reached over 3% of the total supply. The company had a stated goal of controlling 5% of all ETH. They intend to do this by purchasing, staking, and reinvesting in rewards.
Related Reading: BitMine Buys Another $150 Million ETH Amid Wider Market Slowdown | Live Bitcoin News
BitMine is always adding millions of dollars worth of ETH. This aggressive pace of accumulation was going on the whole year of 2025. As of the beginning of December 2025, they had more than 3% of Ethereum’s total circulating supply. They are rapidly reaching their stated target.
The firm considers ETH to be core financial infrastructure. It is more than just a store of value. For this reason, the goal of the firm is 5% of the total ETH supply.
The strategy consists of the acquisition of ETH. They then plan to extend their position by using staking. They are also committed to reinvesting rewards, as stated in a CoinDesk article.
Chairman Tom Lee Cites Supercycle Outlook
Chairman Tom Lee thinks ETH is in for a “supercycle.” This vision is driven by network upgrades. It is also dependent on possible monetary policy changes. He supports this with bullish price predictions.
With the most recent investments, BitMine now has $11.3 billion. This represents 3.08% of the total supply of Ether. Data from the StrategicEthReserve confirmed this number. The firm is making great efforts to close in on its 5% accumulation target.
Continued accumulation by BitMine is a great belief. They believe in the long-term growth potential of ether. Furthermore, the company has reserves of cash. They may use these for even more Ether accumulation.
This investment is coming on the back of a general slowdown in the market. The amount of digital asset treasury activity has declined significantly. However, BitMine continues its aggressive buying. This distinguished them from their industry peers.
The accumulation of the firm is despite much volatility in the market. This is a point where they are demonstrating their long-term focus. They think that ETH will become the dominant platform. This will be the case with future decentralized applications.
The “supercycle” view by the chairman implies a possible exponential growth. This growth is due to basic network advances. And, these include relatively recent upgrades such as Fusaka. Therefore, the firm takes advantage of this major expansion within the firm. BitMine’s actions demonstrate an absolute commitment to the Ethereum ecosystem.
