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Bitmine Immersion Technologies (BMNR) Is Up 5.7% After Aggressively Expanding Its Ethereum Treasury - Has The Bull Case Changed?
In early December 2025, BitMine Immersion Technologies disclosed that it had purchased more than 138,000 ether in a week, lifting its Ethereum treasury to about 3.86 million ETH and over US$13.20 billion in combined crypto and cash assets, or more than 3.2% of Ethereum’s circulating supply.
Beyond amassing the world’s largest corporate Ethereum position, BitMine is targeting control of 5% of the ETH supply and preparing a US-based staking infrastructure launch in 2026, signaling ambitions...