BitMine’s Ethereum Hoard Hits 3% of Supply Before Fusaka – This is Insane!

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In what can only be described as the corporate equivalent of hoarding toilet paper during a pandemic, BitMine Immersion Technologies (NYSE American: BMNR) has reported its ETH stash has reached a jaw-dropping 3.73 million tokens as of November 30. That’s more than 3% of the entire Ethereum supply. 😱 At current prices, that’s around $2,808 per token-so we can safely say someone in the BitMine offices has been buying ETH like it’s Black Friday. 🛍️

For those of you keeping score at home, this marks the company hitting two-thirds of its highly ambitious “Alchemy of 5%” goal. (Yes, they really called it that, because apparently “Hoarding ETH Like a Boss” wasn’t quite dramatic enough.) The company’s treasure chest is now worth a mind-boggling $12.1 billion. This includes 192 Bitcoin (BTC), valued at $86,752 each (yes, really-your coffee budget is now officially irrelevant), a $36 million stake in Eightco Holdings, and $882 million in free cash-because why not have a little extra for a rainy day? ☔

🧵 BitMine provided its latest holdings update for Dec 1st, 2025:

$12.1 billion in total crypto + “moonshots”: -3,726,499 ETH at $3,008 per ETH (@coinbase)- 192 Bitcoin (BTC)- $36 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and- unencumbered cash of $882…

– Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 1, 2025

BitMine Accelerates ETH Purchases Ahead of Ethereum Upgrade and Fed Decisions

According to Thomas Lee, Fundstrat chairman and BitMine’s fearless leader, the firm purchased 96,798 ETH last week. That’s a 39% spike in weekly purchases, as if Ethereum was a limited-edition sneaker release. These buys are happening just ahead of the Fusaka upgrade (set for December 3), which promises to make Ethereum more scalable, secure, and user-friendly. So, if you were thinking about hopping on the ETH bandwagon, now might be the time… or not. You do you. 🤷‍♂️

Lee also pointed out that the Federal Reserve’s actions-such as ending quantitative tightening and a possible rate cut on December 10-are adding some extra fuel to the crypto fire. Maybe it’s time to invest in a good chair, because the market is about to get bumpy. 🎢

BMNR Stock Maintains a High Liquidity Status

Meanwhile, BitMine’s stock is on a trading spree, with BMNR now ranked as the 39th-most-traded stock in the US. Its five-day average daily volume is a cool $1.7 billion. Not bad for a stock that trades between $29 and $31 a pop-though that’s a far cry from the stock’s 52-week range of $3.20 to $161. Nothing says “volatile” quite like crypto-driven stock swings. 📈

Graph of BitMine’s shares. Source: Yahoo! Finance.

At this point, BitMine holds the largest ETH treasury in the world-making Scrooge McDuck look like a penny pincher-and is now the second-largest overall crypto treasury behind Strategy Inc. Backing its stock are big names like ARK’s Cathie Wood, Founders Fund, Pantera, and Kraken. 🦑 With all this momentum, the company plans to launch its “Made in America Validator Network” in early 2026, hoping to optimize its vast Ethereum stash. So if you’re looking for the next big thing in crypto, better start paying attention to BitMine. 🤑

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2025-12-02 04:22