BitMine Reveals Ethereum Holdings, Aims for Larger Market Share

2 mins mins

Key Points:

BitMine aims to hold 5% of Ethereum’s supply.
The company holds assets valued at $13.3 billion.
Chi Tsang appointed as CEO to lead strategic transition.

On December 15, Nasdaq-listed BitMine revealed its current Ethereum holdings exceed 3.2% of supply, totaling roughly 3.97 million ETH, alongside 192 BTC and $1 billion cash reserves.

This substantial Ethereum position strengthens BitMine’s market influence, potentially impacting Ethereum’s liquidity and institutional trust. However, exact holdings on December 15 remain unverified by primary sources.

BitMine’s Recent Disclosure

BitMine’s recent disclosure reveals its significant Ethereum holdings of 3.2%, equating to around 3.97 million ETH. The company has shifted its strategy under the direction of Chairman Thomas “Tom” Lee to focus on Ethereum rather than bitcoin. This adjustment aligns with its broader ambition to hold 5% of Ethereum’s total supply in the near future.

Market reactions have been notable, as BitMine’s asset portfolio amounts to $13.3 billion, including ETH, BTC, and cash reserves. The company also holds $38 million in Eightco Holdings shares. Leadership changes include the appointment of Chi Tsang as CEO, who outlines a vision bridging traditional financial markets with the Ethereum ecosystem.

“The transformation and innovation now facing Wall Street through blockchain and Ethereum mirror the explosion of opportunity that mobile phones and the internet unleashed on telecoms and technology in the 1990s,” said Chi Tsang, CEO of BitMine. “With its substantial Ethereum holdings and credibility with both Wall Street and the Ethereum ecosystem, BitMine is positioned to become a leading financial institution.” – PR Newswire

Responses from Key Figures

Did you know? Nasdaq-listed BitMine’s pivot reflects the strategic moves of Michael Saylor’s company, which holds over 1% of Bitcoin. BitMine aims to dominate Ethereum similarly.

Ethereum, trading at $3,136.70 as of December 15, 2025, holds a market cap of approximately $378.58 billion. Its market dominance stands at 12.42%, with a 24-hour trading volume of $19.75 billion, showing a surge of 79.79%. Ethereum’s recent price changes indicate a 1.53% uptick in 24 hours but have seen a broader 22.60% decrease over 60 days, based on CoinMarketCap data.

ethereum-daily-chart-2206 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 13:42 UTC on December 15, 2025. *Source: CoinMarketCap*

Coincu’s research highlights the potential impact of BitMine’s strategy on Ethereum’s liquidity and governance structures. If successful, the company’s accumulation could influence staking dynamics and decentralization debates, reinforcing Ethereum’s status in global financial markets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.