New 8-K Filing Reveals BitMine’s Accelerated ETH Purchases and $13.2B Treasury

BitMine’s latest filing reveals a sharp acceleration in Ethereum purchases, lifting its total holdings to 3.86 million ETH and signaling renewed institutional confidence.

BitMine Immersion Technologies has sharply increased its Ethereum accumulation, adding more than 138,000 ETH in a single week and pushing its total crypto and cash holdings to $13.2 billion, according to a new 8-K filing.

The firm now controls 3.86 million ETH – roughly 3.2% of the entire supply – alongside 193 BTC, $1 billion in cash reserves and a $36 million position in Eightco Holding, a company building a Worldcoin-focused treasury.

Buying Activity Accelerates After November Slowdown

Last month, BitMine averaged around 80,000 ETH in weekly purchases. The latest disclosure shows buying has nearly doubled, with the firm spending an estimated $430 million at current prices to boost its holdings.

Chairman Tom Lee said the renewed accumulation reflects BitMine’s belief that the crypto market has regained its footing following October’s liquidation shock. He cited improving macro sentiment and Ethereum’s Fusaka upgrade as major tailwinds heading into 2026.

“We’re far enough removed from the October event that the market is trading on fundamentals again,” Lee said.

Tokenization Seen as a Major 2026 Catalyst

A separate filing included Lee’s keynote remarks from Binance Blockchain Week in Dubai, where he argued that institutional demand for tokenized assets is quickly becoming one of the industry’s largest new drivers.

According to Lee, traditional financial institutions are preparing to move “nearly a quadrillion dollars” of instruments onto blockchain rails. He described stablecoins as Ethereum’s “ChatGPT moment” – the breakthrough that demonstrates what becomes possible once money itself is tokenized.

BitMine Stock Activity Remains Elevated

BitMine noted that its stock has averaged $1.8 billion in daily trading volume over the past week, placing it among the most actively traded U.S. equities by liquidity. Shares of BMNR traded around $34.50 on Monday, up 1.5% intraday but down more than 16% over the past month.

The company continues to reiterate its long-term goal of controlling 5% of all ETH in circulation, a target it is now steadily approaching.