BitMine is Still Buying ETH: Total Accumulation This Week Reaches $229M

BitMine is Still Buying ETH: Total Accumulation This Week... Ether Treasury firm BitMine has bought at least $229.31 million worth of ETH this week, on-chain data revealed. The post BitMine is Still Buying ETH: Total Accumulation This Week Reaches $229M appeared first on Cryptonews. Tom LeeâEUR(TM)s Ethereum-focused treasury company, BitMine, has bought at least $229.31 million worth of ETH this week alone, Arkham reported. On-chain data show that the firm just bought another 30,075 ETH ($88.73 million).âEUR?"Two fresh wallets just withdrew $88.73M of ETH from FalconX,âEUR Arkham Monitoring reported. âEUR?"This acquisition matches prior BitMine purchase patterns.âEUR TOM LEE IS STILL BUYING: $229M THIS WEEKTwo fresh wallets just withdrew $88.73M of $ETH from FalconX. This acquisition matches prior Bitmine purchase patterns.It appears that Bitmine has bought at least $229.31M of $ETH so far this week. pic.twitter.com/NQoqtzGY3I- Arkham (@arkham) December 18, 2025 BitMine Owns Over 3% of ETH SupplyBitMine has been aggressively accumulating Ether despite the market slump. The fresh purchase arrives days after the company disclosed a $140 million worth ETH buy from a hot wallet on FalconX.Further, the NYSE AmericanâEUR"listed company said Monday that it owns over 3.2% of the ETH token supply. According to CoinGecko ETH treasury data, the company has purchased 407,331 ETH in the last 30 days.Early this month, BitMine bought nearly $70 million worth of ETH in three days, positioning itself as the biggest Ether-focused crypto treasury by a wide margin.Days after, the company accumulated another $150 million of Ether to its balance sheet, adding 18,345 ETH via BitGo and 30,278 ETH through Kraken. The purchase marked one of the largest single inflows into a corporate Ethereum treasury this year.BitMine management said previously that the firm aims to control around 5% of all ETH supply.ARK Buys $10.56M Shares in BMNR, Stock SlidesBitMine Immersion Technologies (BMNR) fell 3.04% on Thursday, closing at $29.32, per Google Finance data.The slide comes after Cathie WoodâEUR(TM)s ARK Invest bought $10.56 million worth of shares in the firm across its three exchange-traded funds on Wednesday. This purchase adds on top of the previous $17 million purchase of BitMine.ARK also reported buying $5.9 million worth of Coinbase shares and $8.85 million worth of Bullish.The post BitMine is Still Buying ETH: Total Accumulation This Week Reaches $229M appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: December 19, 2025 | Source: CryptoNews