BitMine усиливает позиции на рынке Ethereum с покупкой на $112 млн Translation: BitMine strengthens its market position in Ethereum with a $112 million purchase.

The firm BitMine, led by Tom Lee, has expanded its reserves in Ethereum, the second-largest cryptocurrency by market capitalization, acquiring 33,504 ETH for a total sum of $112 million.

This significant transaction was reported by analysts at EmberCN, citing data from the Arkham platform. The deal was facilitated through the institutional broker FalconX.

As of now, BitMine representatives have not officially confirmed the purchase details.

The company maintains a strategy of accumulating 5% of the market supply of Ethereum.

According to a report filed on December 7 in Form 8-K, BitMine holds 3,864,951 ETH, 193 BTC, and $1 billion in cash reserves. Additionally, the firm owns a stake in Eightco Holding valued at $36 million.

In a podcast episode of Farokh Radio, Lee announced that the company’s cryptocurrency purchases have doubled compared to the figures from two weeks prior.

This transaction occurred alongside the decision by the Federal Reserve to lower its key interest rate for the third consecutive time by 25 basis points to a range of 3.5-3.75%. The cryptocurrency market responded with significant volatility.

Lee anticipates a substantial price turnaround in early 2026, driven by changes in the Federal Reserve’s leadership and an increase in the business activity index above 50 points. Historically, a positive shift in this indicator has signaled the onset of a supercycle for digital assets.

At the time of writing, Bitcoin is trading around $90,000, while Ethereum’s price stands at $3,195, according to CoinGecko.

In 2025, 117 new companies added Bitcoin to their reserves, yet the overall trend of adopting the first cryptocurrency appears to be losing momentum, as reported by analysts at CryptoQuant.

The peak of new entrants occurred in July, and by the end of the year, statistics show a sharp decline:

The majority of corporate holders possess relatively small amounts of digital assets, with 147 firms holding fewer than 500 BTC on their balance sheets.

Fifteen companies maintain between 500 and 999 BTC, while 14 hold between 1,000 and 1,499 BTC. Only four organizations have accumulated between 1,500 and 2,000 BTC.

The frontrunner remains Strategy, with reserves of 660,624 BTC. This year, the company invested $21.48 billion in Bitcoin, nearly matching its 2024 purchasing volume of $21.97 billion.

Other major players show diminishing buying pressure. BitMine has reduced its monthly purchases from a peak of $4.3 billion in August to $296 million in December. Japanese firm Metaplanet has not replenished its reserves for over two months, while Evernorth has shown no activity since a one-time purchase of $950 million a month and a half ago.

Experts have noted a cooling off of the corporate frenzy observed earlier in the year.

The industry is still in the “very early stages” of adopting the first cryptocurrency, and in the future, every business will likely use digital gold to hedge against inflation, according to Adam Back, CEO of Blockstream, in an interview with Yahoo Finance.

He stated that the market is at the start of a bull cycle, with the asset poised to grow as larger players enter the space.

“Public companies took time to follow the lead of Michael Saylor and Strategy, but this year activity has increased. Giants like Tesla already possess significant positions. Ultimately, all firms will become Bitcoin treasuries to some extent since it acts as a long-term hedge against inflation,” Back remarked.

Responding to concerns that these entities might hoard too many coins, Blockstream’s head offered a piece of advice:

“Buy more yourselves.”

While commenting on the current market situation, he pointed out that the correction is due to “structural issues,” macroeconomic news, and high leverage.

Despite the correction, institutional demand remains strong. Back highlighted the activity of banks, sovereign funds, and investors, urging critics to “change the scale” when analyzing the charts.

The developer leads the Bitcoin Standard Treasury Company, which plans to go public through a merger with a SPAC company led by Cantor Fitzgerald chairman Brandon Lutnick.

It’s worth noting that Ethereum reserves held on centralized exchanges have dropped to 8.7% of the total supply (approximately 16.6 million ETH).