BitMine snared another 32,938 ETH on Tuesday as end-of-year tax-loss sellers and bots kept prices down, Fundstrat’s Tom Lee said.
Ethereum treasury company BitMine Immersion Technologies scooped up $97.6 million worth of Ether on Tuesday as the crypto market remains muted in the final days of 2025.
Nansen data shows BitMine purchased 32,938 Ether (ETH). Other data shows its total holdings are now 4.07 million ETH, worth $12 billion.
BitMine also staked another 118,944 ETH, continuing its strategy to earn passive returns for shareholders.
BitMine’s latest buying spree comes amid a broader crypto market compression, which Tom Lee, the orchestrator of BitMine’s Ethereum strategy, said was partly due to an uptick in tax-loss selling in the US:
