BitMine Goes All-In: Scoops Up $98 Million In ETH As 2025 Closes

BitMine just dropped a nine-figure bet on Ethereum's future, signaling a massive institutional vote of confidence as the year wraps up.

The Big Buy

Forget dipping a toe in—BitMine cannonballed into the ETH pool. The firm's latest move isn't a tentative accumulation; it's a strategic load-up, deploying capital on a scale that makes retail traders' portfolios look like pocket change. This kind of action doesn't happen in a vacuum. It's a calculated play, one that suggests the firm sees more runway ahead despite any end-of-year market jitters.

Reading the Signals

When a player of this caliber makes a move, the market pays attention. A $98 million purchase is a statement, cutting through the noise of daily price fluctuations. It bypasses speculative chatter and points to fundamental conviction in the asset's underlying value and utility. This isn't about chasing a quick pump; it's about positioning for what comes next in the digital asset ecosystem—a classic case of 'smart money' placing its chips while everyone else is distracted by year-end summaries and holiday cheer.

The Year-End Gambit

Timing is everything. Executing this play as 2025 winds down is a masterstroke in narrative control. It sets the tone for the new year, framing Ethereum not just as a crypto asset, but as a core institutional holding. It's a bold counter to any bearish sentiment, a move that essentially bets against the skeptics who still think digital gold is just for tech bros and meme-stock refugees. After all, what's a better hedge against traditional finance's slow-moving bureaucracy than a decentralized global computer?

The message is clear: BitMine isn't just participating in the market; it's helping to steer it. And as for the traditional finance crowd still waiting for 'the right moment' to get in? They'll probably be busy writing another report on the risks they missed while the next bull run leaves the station.

BitMine Adds Millions Of Ether

BitMine’s MOVE was followed by additional activity tied to staking. Reports show the company also staked about 118,944 ETH as part of a plan to earn yield on its holdings.

Those steps pushed public estimates of BitMine’s total Ether holdings to around 4.07 million ETH, with an approximate market value NEAR $12 billion at current prices.

Buying Comes Amid Year-End Selling

2/ Here are our weekly buys by week Weekly ETH buys (by week ending): -12/29/25: 44,463 ETH tokens -12/22/25: 98,852 ETH tokens -12/15/25: 102,259 ETH tokens -12/8/25: 138,452 ETH tokens -12/1/25: 96,798 ETH tokens -11/24/25: 69,822 ETH tokens -11/17/25: 54,156 ETH… pic.twitter.com/80KrtK5uv1

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 29, 2025

Based on reports and comments from Fundstrat’s Tom Lee, BitMine timed some purchases to take advantage of what is often called tax-loss selling in the US, which tends to heat up in the final days of the year and can weigh on crypto prices.

Lee said year-end selling—especially from December 26 to December 30—has been a factor pushing certain token prices lower, creating a window for accumulation.

The scale of BitMine’s accumulation matters because a company holding more than 4 million Ether can influence market perceptions even if it does not trade frequently.

Reports note that BitMine shifted part of its corporate strategy this year toward an Ethereum treasury, and that move has drawn interest from big-name investors and the wider market. The firm’s staking activity also signals a desire to generate returns beyond price gains.

Different methodologies were used to interpret the various trading desk reactions to the institutional purchase of bitcoin. Some trading desks indicated that they thought the purchase showed that the institutional investor community continues to be willing to acquire Bitcoin.

In contrast, other trading desks stated that the year-end volatility and the algorithmic sell-offs are obscuring the true level of interest from these institutions.

The exact amounts and timestamps of the transfers were published via on-chain analytics services, and various crypto media outlets covered the exact same information shortly after the trades were detected on the exchanges.

Featured image from Unsplash, chart from TradingView