BitMine Surpasses 4 Million ETH Holdings Amid Market Volatility

BitMine recently made a remarkable purchase of 29,462 ETH, valued at $88 million, just one week after acquiring nearly 100,000 ETH. With this move, the treasury company now holds over 4 million ETH, representing 3.37 percent of the circulating supply.

BitMine Chairman Tom Lee described the purchase as a “huge milestone,” highlighting the company’s strategic progress. Amid market volatility and a decline in share prices, BitMine remains optimistic and aims to further expand its position. Learn more about the background and impact of these developments on the Ethereum market.

Ethereum in the Christmas Sale: BitMine grabs 29,462 ETH

BitMine, a leading treasury company, recently acquired 29,462 ETH worth $88 million from BitGo and Kraken. This came just one week after purchasing 98,852 ETH, bringing BitMine’s total holdings to nearly 4.07 million ETH, acquired at an average price of $2,991 per ETH. The total value of these holdings is approximately $12 billion.

Tom Lee, BitMine’s chairman, described the acquisition as a “huge milestone” and emphasized the company’s rapid progress toward achieving the “alchemy of the 5 percent.” BitMine now holds approximately 3.37 percent of the circulating Ethereum supply, a significant figure compared to MicroStrategy’s 3.36 percent of the Bitcoin supply. However, BitMine’s stock has been volatile, declining by over 80 percent since its July high of $161

“We are making rapid progress towards the ‘alchemy of the 5 percent’ and are already seeing synergy effects resulting from our extensive ETH holdings,” said Tom Lee.

Ethereum developers announce “Glamsterdam” and “Hegota” upgrades for 2026

Ethereum developers have announced two major network upgrades for 2026: “Glamsterdam” and “Hegota.” The first upgrade, Glamsterdam, is expected in the first half of 2026 and aims to improve the network’s scalability and efficiency, particularly through the introduction of Enshrined Proposer-Builder Separation (ePBS), which reduces the risk of censorship.

The second upgrade, Hegota, will be released in the second half of 2026 and aims to introduce significant innovations for the execution and consensus layers. The Ethereum Foundation plans to achieve 128-bit verifiable security by the end of 2026, which is of great importance for institutional-level financial applications.

“For zkEVMs, this is not a theory. A problem with the certainty of evidence is not an ordinary security problem,” explained researcher George Kadianakis.

Grayscale renames Ethereum Mini Trust ETF to Grayscale Ethereum Staking Mini ETF

Grayscale Investments has announced that it will change the name of the Grayscale Ethereum Mini Trust ETF to the Grayscale Ethereum Staking Mini ETF. This renaming is expected to take effect on or about January 5, 2026. Shares of the ETF will continue to trade on the NYSE Arca under the ticker symbol “ETH”.

The trust declaration and trust agreement will also be amended to reflect the new name. Existing share certificates remain valid and do not need to be exchanged due to the name change.

ChatGPT forecast: Ethereum and BNB sideways – Maxi Doge presale triggers FOMO

In a quiet December market, Ethereum and BNB are trading sideways as traders search for new investment opportunities. The Maxi Doge (MAXI) presale has emerged as an attractive narrative, triggering FOMO (Fear of Missing Out) due to its clear price logic.

Maxi Doge is currently trading at 1 $MAXI = $0.0002745, making it easier for investors to get in. The capital raised of over $4 million demonstrates the growing interest in this project while the market awaits confirmation.

BitMine: Ethereum Treasury breaks the 4 million ETH mark despite strong price fluctuations

BitMine recently surpassed the 4 million ETH mark after purchasing 98,852 ETH last week. This accumulation occurs despite current market volatility, with Ethereum still under pressure. BitMine now holds 3.39 percent of the total ETH supply and aims to reach 5 percent.

BitMine’s purchases are taking place in a market marked by uncertainty, while analysts remain optimistic, pointing to technical signs of a potential recovery. The Ethereum price is currently around $2,993.50, only slightly above the average price at which BitMine bought in.

“BitMine now holds more than 4 million ETH tokens . That’s a strong goal that we achieved in just five and a half months,” said Tom Lee.

(Featured image by Az 1975 via Pixabay)

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First published in Coin Kurier. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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