BitMine Acquires $97.6M in Ethereum During Year-End Crypto Market Slump
The selling pressure has stalled upward price movement, with the crypto total market cap hovering around $3 trillion for the past two weeks.
Ethereum News
Ethereum treasury company BitMine Immersion Technologies purchased 32,938 Ethereum worth $97.6 million on Tuesday as crypto markets remained subdued in the final days of 2025. Nansen data shows the acquisition brings BitMine’s total holdings to 4.07 million Ethereum valued at $12 billion.
The company also staked another 118,944 Ethereum, continuing its strategy to generate passive returns for shareholders. Tom Lee, who orchestrates BitMine’s Ethereum strategy and founded Fundstrat, attributed muted crypto prices partly to increased tax-loss selling in the U.S.
Year-end tax-loss selling…
