BitMine adds 138,000 Ethereum to its holdings, total holdings surpass 3.86 million! Tom Lee: ETH is expected to strengthen in the coming months

The world’s largest Ethereum reserve company, BitMine Immersion (BMNR), announced this evening (8th) that it has once again increased its holdings by 138,452 ETH over the past week. After this latest purchase, BitMine’s total Ethereum holdings have officially surpassed the 3.86 million mark, reaching 3,864,951 ETH, which accounts for approximately 3.2% of the global ETH supply.

(Previous context: BitMine spends another $199 million to buy the dip in Ethereum! But smart money is shorting ETH) (Background: BitMine bought 97,000 ETH last week; Tom Lee bullish on the Fusaka upgrade and the Fed’s liquidity boost for ETH)

The world’s largest Ethereum reserve company, BitMine Immersion (BMNR), announced this evening (8th) that it has once again increased its holdings by 138,452 ETH over the past week. After this purchase, BitMine’s total Ethereum holdings have officially surpassed the 3.86 million mark, reaching 3,864,951 ETH, which accounts for approximately 3.2% of the global ETH supply, completing two-thirds of its publicly stated goal to hold 5% of the total ETH supply.

Additionally, BitMine stated that as of 4:00 p.m. EST on December 7, BitMine’s total assets have reached $13.2 billion, including:

• 3,864,951 ETH;
• 193 BTC;
• $36 million worth of Eightco Holdings (NASDAQ: ORBS) shares;
• $1 billion in cash.

Tom Lee Bullish on the Market Outlook

In the announcement, BitMine Chairman Tom Lee also stated in his December Chairman’s Letter that he remains strongly optimistic about the market outlook. He pointed out:

“The cryptocurrency supercycle remains intact, and strong demand is expected in 2026.”

Regarding Ethereum, he believes there is still significant room for growth in crypto adoption. With Wall Street set to tokenize assets on-chain at scale, the completion of Ethereum’s Fusaka upgrade, and the Federal Reserve ending quantitative tightening with a rate cut expected on December 10, multiple bullish factors could drive Ethereum’s price significantly higher in the coming months.

BMNR up 15% in the Past 5 Days

After the US stock market opened this evening, BitMine’s stock price rose, trading at $35.5 at the time of writing, up 15% over the past 5 days, with a market capitalization rebounding to $13.52 billion.

Related Reports

• BitMine bought 97,000 ETH last week; Tom Lee bullish on the Fusaka upgrade and the Fed’s liquidity boost for ETH
• BitMine releases 2025 financial report: annual net profit of $328 million, annual dividend of $0.01, plans to launch MAVAN Ethereum staking platform in Q1 next year
• BitMine increased its holdings by 54,000 ETH, with unrealized account losses expanding to $3 billion! Tom Lee says: This bull market hasn’t peaked yet
• <BitMine increases holdings by 138,000 ETH, total holdings surpass 3.86 million! Tom Lee: ETH likely to strengthen in the coming months> was originally published on BlockTempo, the most influential blockchain news media.