Bitmine Immersion Acquires 44,463 ETH, Expanding Holdings to $12 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Acquisition Scale: Bitmine Immersion's purchase of 44,463 ETH for $130 million boosts its total holdings to 4,110,525 ETH, valued at $12 billion, further solidifying its position as the second-largest corporate Ethereum treasury.
- Market Reaction: Following the announcement, BMNR stock surged over 4% to $29.53, reflecting positive market sentiment towards the company's strategic investments despite increased overall market volatility.
- Investment Strategy: Bitmine focuses on creating shareholder value through accretive ETH acquisitions, leveraging its strong community support and strategic investments in 'moonshots' to generate additional returns and enhance market competitiveness.
- Future Outlook: Analysts predict that Ethereum must hold above $3,000 to maintain upward momentum, with a potential breakout above the $3,150 resistance level that could drive prices to $3,700, positioning Bitmine to benefit from this potential market recovery.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
