Ethereum could reach six-figure numbers: BitMine intensifies its strategic accumulation

Executive Summary

• The treasury company has increased its ETH position to 4.14 million tokens valued at $13 billion
• Executives project an aggressive bullish trajectory for the Ethereum network
• The corporate strategy includes capital restructuring to adapt to expected growth

BitMine’s Bet on Ethereum

BitMine Immersion Technologies continues to solidify its role as the leading institutional accumulator of Ethereum. During the first days of 2025, the firm acquired 32,977 ETH for approximately $104 million, expanding its portfolio to 4.14 million tokens. At the current price of $3.11K per ETH, these holdings reach a market value exceeding $13 billion.

This positions BitMine as the owner of 3.4% of the circulating supply of Ethereum, gradually approaching its declared goal of 5%. According to internal statements, the company would require approximately 1.9 million additional ETH to reach this market share target.

Bold Projections and Corporate Restructuring

Tom Lee, CEO of BitMine, has outlined an extraordinary trajectory for both assets: Ethereum reaching $250,000 per token ( representing an increase of approximately 7,760% from recent values ), while BMNR shares are projected to reach $5,000 per share in the long term.

This expansive vision has motivated structural changes within the corporation. BitMine seeks shareholder approval to increase its authorized shares from 500 million to 50 billion, with particular emphasis on implementing stock splits that keep the market price around $25 per share and ensure accessibility for retail investors.

Market Context and Competitive Positioning

The buying activity occurs in an environment where stock and cryptocurrency markets experienced deceleration during the last week of 2025. Despite this context, BitMine maintained its accelerated accumulation pace, reflecting confidence in Ethereum’s prospects.

BitMine’s shares rose 4% on Monday, trading at $32.49 with gains of 14.8% over the past five days. The company holds the second-largest crypto treasury listed on the stock exchange after Strategy (, which owns approximately $63 billion in Bitcoin ). In addition to its ETH holdings, BitMine maintains $915 million in cash and 192 Bitcoin valued at approximately $18 million.

Shareholder Proposals

Beyond capital restructuring, the annual meeting includes considerations for the election of eight directors and the implementation of compensation plans and special incentives. Shareholders are urged to vote favorably on the proposal before January 14, during which all corporate initiatives will be evaluated.