Even though the charts don’t look great, those who believe in the future of cryptocurrencies in the long term still seem enthusiastic. Altcoins made gains today, albeit weakly. This helped the BTC price exceed $90 thousand, and BitMine announced its new ETH purchase. Despite the decline that has continued for months, the company continues to make purchases worth hundreds of millions of dollars.
BitMine Buy Ethereum
BitMine Immersion (BMNR) 98,852 in the past week ETH He announced that he bought more. The company, which purchased approximately $300 million at the current price, increased its total assets to 4.07 million Ether. Having reached 3.37% of the total ETH supply, the company is step by step approaching its 5% target. Company with total crypto and cash assets exceeding $13.2 billion Ethereum 
$3,006.07 It will purchase another 1.63% of its supply. In other words, they will reach their goal when they purchase approximately half of what they have purchased so far.
The company, which started purchasing in June, almost reached its target before the end of the year. It is more than halfway done, and while ETH is still at $3,000, it is seriously reducing its cost with its new purchases.
The company was previously among the 40-50 most traded stocks, but fell to 66th place as volume weakened. It trades with a daily volume of $1.7 billion.
Shareholder Meeting and Lee’s Statements
Holding 4,066,062 ETH, BitMine has $1 billion in cash for further purchases. The head of the company, Tom Lee, is known as The Made in America Validator Network (MAVAN). staking He said the following about the solution and current situation;
“We are making rapid progress towards ‘5% alchemy’ and significant ETH We are already seeing the synergies arising from our assets. We are an important organization enabling Wall Street’s transition to blockchain through tokenization. We also work extensively with key organizations developing cutting-edge technologies in the DeFi community.
We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). “This will be a ‘best in class’ solution offering secure staking infrastructure and will be available in early 2026.”
Bitminewill hold its annual shareholder meeting at Wynn Las Vegas on January 15, 2026, and the highly anticipated agenda has been announced.
- 8 new directors will be elected.
- An amendment to the bylaws to increase the number of authorized shares will be approved.
- The 2025 Omnibus Incentive Plan will be approved.
- They will put a special, performance-based wage arrangement for the chairman of the board on the agenda as a non-binding recommendation.
It looks like there won’t be any crazy plans for 2026 other than MAVAN.
