BitMine increased its holdings by 102,259 ETH last week, with a total holding of over 3.967 million coins

According to PR Newswire, BitMine announced today that the total value of its cryptocurrency, cash, and "potential investment" assets amounts to $13.2 billion. As of 6 PM Eastern Time on December 14, the company's cryptocurrency holdings include: 3,967,210 Ethereum, 193 Bitcoin, $38 million worth of Eightco Holdings (NASDAQ: ORBS) equity, and a total cash amount of $1 billion.

BitMine has been steadily increasing its holdings of Ethereum, adding 102,259 coins in the past week. Cryptocurrency prices have stabilized over the past week, further indicating that the market has begun to recover from the price shock on October 10.

BitMine Chairman and Fundstrat analyst Thomas 'Tom' Lee stated that 2025 will see several positive developments in the digital asset space, including favorable legislation passed by the U.S. Congress, improvements in the regulatory environment, and increased support from Wall Street. These factors reinforce our belief that the golden age of the crypto industry is still ahead, which is why we continue to increase our holdings of Ethereum and move towards our "5% alchemy" goal.