BitMine Immersion Technologies Inc. (New York Stock Exchange:Bmner) Bought another 102,259 Ethereum (encryption: Ethereum) As president Tom Lee He argues that seemingly extreme AI evaluations can still achieve success Long term returns.
BitMine approaches 5% Ethereum ownership target
As of December 14, BitMine holds approximately 3.97 million ETH, worth approximately $12.2 billion at prevailing prices.
This position represents more than 3.2% of the total supply of Ethereum, which puts the company approximately two-thirds of the way toward its stated goal of capturing 5% of the network.
Total crypto, cash and strategic investments now stand at approximately $13.3 billion, including $1 billion in cash, 193 Bitcoin, and a $38 million stake in Eightco Holdings.
Ethereum treasury has become the company’s core strategy
BitMine’s Ethereum holdings now rank as the largest ETH treasury among public companies and the second-largest cryptocurrency treasury globally, behind Strategy (Nasdaq:MSTR) Bitcoin (encryption: Bitcoin) Reserves.
Chairman Tom Lee said regulatory developments in 2025, including the GENIUS Act and the SEC’s Project Crypto initiative, strengthened the company’s long-term conviction in digital assets.
Along with Accumulation, BitMine is developing the Made-in-America Validator Network, an Ethereum-specific infrastructure expected to launch in early 2026.
Trading activity and market profile are expanding rapidly
BitMine’s increased exposure to cryptocurrencies has coincided with a sharp rise in stock market activity.
The company now trades on average nearly $1.9 billion in daily dollar volume, placing it among the 50 most actively traded U.S. stocks.
The company plans to host its annual shareholder meeting in Las Vegas on January 15, 2026, as it continues to scale its Ethereum accumulation strategy through capital markets and treasury deployment.
Tom Lee Defends AI Valuations Despite Market Skepticism
Recently interviewLee said investors’ concerns about “ridiculous” AI valuations ignore how exponential industries have developed historically.
Most of the long-term value in transformative technologies appears later in adoption cycles, even if early valuations appear stretched, he said.
Lee compared the current AI cycle to the rise of the Internet in the late 1990s, noting that although most individual stocks fail, diversified exposure to the broader subject continues to outperform over time.
He added that labor shortages during the 2030s could make investment in AI a structural necessity rather than a speculative surplus.
Stocks’ decline reflects post-breakout consolidation
BMNR Price Analysis (Source: TradingView)
The BMNR is trading near the $32.50 level after pulling back from last week’s highs, but the broader technical structure remains constructive.
The stock actually broke out of a well-defined multi-week downtrend in early December, leading to a sharp rise from the $25 to $27 area to the $40 to $42 area.
This move confirmed a trend change rather than a short-term bounce.
The current decline reflects a natural correction after the breakout, as the price is now retesting the $32-33 area which corresponds to short-term support and the previous breakout zone.
While short-term indicators like Supertrend and Parabolic SAR remain elevated, indicating near-term pressure, the larger structure remains intact as long as BMNR remains above $30.
A recovery between $35-36 would signal renewed bullish momentum, while a move back above $40 would refocus on the $45-48 area.
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