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Bitmine accumulates an additional 22,700 ETH despite market volatility
Lookonchain reported that BitMine, associated with Tom Lee of Fundstrat, purchased an additional 22,676 ETH ((68.67 million USD)) via a BitGo wallet, after accumulating 41,946 ETH ((130.78 million USD)) just a few hours earlier, according to fund flow data recorded by Arkham Intelligence.
According to company reports and market filings, BitMine Immersion Technologies currently holds 3.73 million ETH, equivalent to about 3% of the total supply, after accumulating more than 96,000 ETH just last week.
The buying activity amid the decline in ETH price in December 2025 indicates institutional confidence in Ethereum upgrades such as Fusaka, even though BMNR stock and ETH continue to experience short-term volatility.