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$ETH Treasury Firm BitMine Adds $150M in Holdings
Ethereum treasury company BitMine purchased $150 million worth of $ETH on Wednesday, maintaining its aggressive accumulation strategy through recent market turbulence. The firm continues to work toward its goal of holding 5% of total circulating supply.
On-chain analytics platform Arkham showed BitMine acquired 18,345 $ETH through BitGo and 30,278 $ETH through Kraken. The company has not officially confirmed the transaction.
The world's largest #Ethereum treasury company has consistently purchased $ETH throughout 2025, including during November's market slump. BitMine bought 96,798 $ETH in the final week of November, pushing holdings above 3% of total circulating supply.
#BitMine has repeatedly stated its commitment to supporting Ethereum's expanding role in financial market services. The company views the #accumulation as strategic positioning for long-term blockchain adoption in traditional finance.
BitMine stock closed up 5.48% Wednesday at $33.66 while remaining down 21.47% over the past month. The company continues executing its long-term treasury strategy despite short-term price volatility.
