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BitMine currently holds approximately 4,07 million ETH or about 3.37% Ethereum’s total supply.
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Wall Street institutions investors have continued to support BitMine’s ETH Treasury plan.
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Ethereum will surpass Bitcoin by 2026 due to its institutional adoption through regulated means.
BitMine Immersion Technologies, NYSE: BMNR, has released the latest update on its Ethereum (ETH) holdings. BitMine, led by chairman Tom Lee has steadily accumulated 3,4% of the total supply in the last six months. This is similar to a Strategy for fulfilling its debt obligations.
BitMine Reports Strong Financial Statement Backed by Ethereum Holdings
According to the December 22, 2025 holdings update, BitMine had accumulated more than $12 billion in cryptocurrency. The company reported it has 4,066,062 Ethereum, valued at approximately $12 billion as of press time.
BitMine reported 193 Bitcoins (BTC), valued at approximately $16,8 million. The company reported a $32million stake in Eightco Holdings, Inc. (NASDAQ: ORBS). BitMine, on the other hand, has about $1 billion of cash, which is similar to Strategy’s $2 billion in reserves.
Investors back 5% of Ether supply.
BitMine has reaffirmed its commitment to accumulate 5% in the total supply of Ethereum. Lee said that BitMine is supported by institutional investors, particularly Wall Street firms.
“We are making rapid advances towards the ‘alchemy 5%’ and are already seeing the benefits of our substantial ETH holdings,”
The stock accumulation is a clear indication of the support Ark Invest and other institutional investors have given to BitMine. In the last month, institutional investors increased ownership of BitMine stock from 15 to 95 million. There are also 359 long positions versus two short positions.
BitMine continues to buy more ETH despite the volatile markets. Lookonchain’s on-chain data shows, for example, that BitMine purchased 13,412 ETH on Monday, worth over $40 million.
Why is Wall Street bullish on ETH?
Wall Street is very bullish about ETH, as shown by BitMine’s constant accumulation. Despite the ETH price dropping over 11% in the past year, institutional investors are still confident about the altcoins’ future growth prospects.
Wall Street investors remain bullish on ETH primarily due to its regulatory clarity which enables the mainstream adoption of tokenization real-world assets. Lee says BitMine, as a treasury firm, has played a vital role in bridging Wall Street and Ethereum ecosystem.
“We are the key entity that bridges Wall Street’s transition to the blockchain through tokenization.” We have been working closely with the key defi entities that are driving the cutting-edge developments in the community,” Lee said.
In the United States the ongoing implementation of Genius Act has helped Ethereum stablecoin’s market cap to surge to more than $166 billion. Institutional investors believe that ETH is likely to surpass Bitcoin (BTC) over the next few years, largely due to the upcoming Clarity Act, which will be implemented in the United States by 2026.
Related Cathie Wood’s Ark Invest adds $10.56M to BitMine shares during the latest trading session
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