#Bitmine Crosses 4M $ETH Milestone With $40M Purchase


$ETH treasury company Bitmine surpassed 4 million tokens this week following a $40 million acquisition. The firm now holds over 4.06 million $ETH, with Lookonchain noting the company purchased 13,412 tokens worth $40.61 million on Monday.


The latest purchase caps nearly 100,000 $ETH accumulated over the past week. Bitmine has acquired all tokens at an average price of $2,991 each, positioning the company's holdings back into profit as #Ethereum prices climbed above $3,000 over the weekend.


Bitmine chairman #TomLee stated the company continues to add steadily to its Ethereum position, noting the 4 million token milestone was achieved just five and a half months after launching the strategy. The firm aims to own 5% of the total ETH supply, demonstrating strong conviction in the asset and the Ethereum ecosystem.

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December 23, 2025 at 2:54 PM
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