Ethereum focused treasury management company BitMinetook advantage of the decline in the markets to launch a new Ethereum (ETH) worth $140 million. 
$2,959.50 made the purchase. The company, managed by Fundstrat co-founder Tom Lee, thus increased its total assets to approximately 4 million ETH. The company’s portfolio is worth $11.6 billion at current prices.
BitMine Maintains Stability in ETH Purchases
In-blockchain analytics platforms EmberCN And lookonchainAccording to data provided by BitMine, 48,049 units of the FalconX hot wallet were sold on Tuesday. ETH made the transfer. Although the transaction has not yet been officially confirmed by the company, market observers agree that the movement belongs to BitMine. In the company’s official statement on Monday, it was reported that they held 3,967,210 ETH at an average cost of $ 3,074. This figure makes BitMine the world’s largest holder of Ethereum at the institutional level.
The company, which followed an aggressive purchasing policy throughout 2025, accelerated its purchases despite the falling prices in the last quarter of the year. Treasury reserves were strengthened by purchasing 240,711 ETH in the first half of December alone. BitMine management maintains its goal of controlling 5 percent of the total circulating Ethereum supply.
“The Best Days Are Yet to Come” Message from Tom Lee
BitMine Chairman of the Board Tom LeeIn his statement published on Monday, he emphasized that “the brightest days for cryptocurrencies are yet to come.” Lee stated that regulatory steps in Washington and the increasing interest of Wall Street will further increase Ethereum’s influence in the global financial system.
Company’s latest acquisition price of EthereumIt coincided with the period when Turkish lira dropped below $3,000. ETH is currently trading at $2,926 and has lost 12 percent of its value in the last week. In contrast, BitMine’s stock (BMNR), traded on the NYSE American exchange, closed at $31.39, up 1.42 percent on Tuesday. The share value increased by 551 percent in the last six months, demonstrating that the market responded positively to the company’s strategic acquisitions.
