BitMine assets surged to $13.2 billion, sweeping up 138,000 ETH in one week with a 156% increase in speed.

[Bitpush] BitMine today announced its latest holdings—combining crypto assets, cash, and potential equity for a total value that has surged to $13.2 billion.

How is it allocated? As of 4:00 p.m. ET on December 7, they were holding over 3.86 million Ethereum, 193 Bitcoin, $36 million worth of Eightco Holdings stock (NASDAQ: ORBS), plus $1 billion in cash reserves.

What’s even more noteworthy is the pace of accumulation. Fundstrat chairman and BitMine chairman Thomas Lee revealed that they bought 138,000 ETH just in the past week. Compared to four weeks ago when the weekly purchase pace was 54,000, this is a 156% surge.

“We’re not buying blindly,” Tom Lee explained. “Several key factors are coming together, and it’s highly likely ETH will rise in the coming months.”

He specifically mentioned three points: First, the Fusaka upgrade (also known as Fulu-Osaka) just went live on December 3, improving scalability, security, and usability across the board. Second, the Fed has been very active in December—quantitative tightening is wrapping up, and there may be another rate cut on December 10. Third, it’s been over two months since the liquidation storm on October 10, so market sentiment has mostly recovered and it’s time to return to fundamentals-based trading.

The logic behind this move is clear—take advantage of this window of policy shift and technical upgrades to get ahead of the curve on Ethereum.