BitMine Immersion’s ETH Holdings Surge to 3.97M Tokens – Over 3.2% of Total Supply

BitMine Immersion Technologies has expanded its position as the world’s largest Ethereum corporate treasury, adding another 102,259 ETH worth an estimated $321.1 million last week as part of its long-term bid to accumulate 5% of the asset’s total supply.

The NYSE American–listed company (ticker BMNR) disclosed Monday that its holdings now stand at 3,967,210 ETH bought at an average price of $3,074 per ether. That would value the digital asset treasury near $12.5 billion at current prices.

BitMine’s stash also represents just over 3.2% of all circulating ether. The firm also holds 193 bitcoin, $1 billion in cash, and a $38 million strategic stake in Eightco Holdings, bringing its combined crypto, cash, and "moonshot" investments to about $13.3 billion as of Monday.

The latest increase follows two consecutive weeks of accelerated accumulation and comes after a quieter November, which BitMine attributed to market volatility tied to the Oct. 10 price shock. Ether is trading near $3,120, while BMNR shed 6% following today's disclosure.

BitMine Chairman Tom Lee said the firm continues to see structural tailwinds for Ethereum, citing the regulatory and legislative shifts in Washington in 2025 alongside stronger institutional engagement.

"Crypto prices have stabilized in the past week, further evidence that recovery is underway," Lee said. "These developments strengthen our conviction that the best days for crypto are ahead and why we continue to accumulate ETH towards our ‘alchemy of 5%’ target."

BitMine’s growth has elevated it to the top ETH treasury globally and the second-largest corporate crypto treasury overall, behind Strategy (formerly MicroStrategy), which holds roughly 660,624 BTC valued at $59 billion.

The company also reiterated plans to deploy its Made in America Validator Network — MAVAN — in early 2026, positioning it as a “best-in-class” staking solution designed to complement its ETH accumulation strategy.

Monday’s update arrives alongside renewed industry attention on Ethereum’s role in tokenization.

On Friday, Lee posted on X that "Ethereum is the future of finance," referencing JPMorgan’s move to launch a tokenized money-market fund on Ethereum — a development widely viewed as another data point in institutional adoption trends.

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As fresh new data proves, Shiba Inu coin is not reacting to news, memes or sentiment right now. It is reacting to leverage.

According to CoinGlass, the level causing the most damage to SHIB bulls sits near $0.00777, while the level that hurts shorts is higher, near $0.0086. With the price trading around $0.00816, the downside liquidation zone is simply closer. That matters because the price often moves toward the nearest group of traders who can be forced out. 

This is not a prediction or a theory. It is how leveraged markets behave when volume thins and conviction weakens. In SHIB’s case, a drop of less than 5% can trigger long liquidations. A move up needs more than 5% and stronger buying pressure to start hurting shorts.CoinGlass">

So, the only thing evident about the Shiba Inu coin right now is an imbalance, where downside pressure is easier to activate than upside pressure.

Shiba Inu price chart reflects trend

Since mid-November, SHIB has failed to hold rebounds. Each bounce has been sold earlier than the previous one. The area above $0.009 rejected the price multiple times, and no durable support has formed above recent lows.

This setup does not mean SHIB must collapse. What it means is simpler: leverage needs to be resolved. If the price briefly dips into the $0.0077-$0.0078 zone and selling dries up quickly, weak longs are cleared and price can stabilize. That is how short-term bottoms often appear. If price slides into that zone slowly, pressure can extend lower as liquidations keep feeding selling.

The bottom line is that SHIB is not ready for a clean upside move yet. It is sitting in a zone where longs are the first stress point.

Bitwise Asset Management is moving forward with its Hyperliquid exchange-traded fund (ETF) application, as indicated by its recent filing. The asset manager has submitted an amendment filing for its proposed Bitwise Hyperliquid (HYPE) ETF with the U.S. Securities and Exchange Commission (SEC).

Bitwise amends Hyperliquid ETF application

Bloomberg Senior ETF Analyst Eric Balchunas shared the details of the new filing with his followers on X. He noted that the amendment filing includes a Form 8-A registration statement that requires securities to be listed on exchanges like NYSE and Nasdaq.

It is often one of the final steps before an ETF can start trading, as it registers shares for the exchange listing. Balchunas added that the amendment also disclosed a management fee of 0.67%.

This is the annual expense ratio investors would pay. For context, many spot crypto ETFs have fees of approximately 0.20 to 1.5%. Hence, a 0.67% fee is competitive but still on the higher side for altcoin ETFs.

In addition to the fee disclosure, the Bitwise HYPE ETF amendment proposed BHYP as the trading symbol. Similar to Form 8-A registrations, tickers are finalized late in the process and are a strong indicator of readiness.

Therefore, Balchunas has referenced the amendment as a signal that Bitwise is positioned for a quick HYPE ETF launch. 

Bitiwise shows support for altcoins

Notably, a spot ETF that would allow investors to invest in HYPE, the native token of Hyperliquid, without directly holding the asset. Hyperliquid is a high-performance layer-1 blockchain and decentralized perpetual futures exchange (DEX) known for fast and low-cost trading of crypto derivatives.

The Bitwise HYPE ETF launch is expected to bring more institutional money into the Hyperliquid ecosystem. This could lead to surges in the price of HYPE, which is currently experiencing a downtrend.

As of press time, HYPE is trading around $29.27, down 1.7% over the past 24 hours.

Meanwhile, the HYPE ETF amendment comes shortly after Biwise launched its Solana and XRP ETFs. These launches suggest the asset manager is confident in the future price direction of the top altcoins.

So far, these ETFs have seen increased institutional adoption as indicated by weeks of consistent inflows. Specifically, the Bitwise Solana ETF registered 17 days of consecutive inflows as investors actively engaged the product.

Likewise, the Bitwise XRP ETF saw $107 million in inflows on its first day of trading despite a broad crypto market slowdown.

As the price of gold and silver continues to shine green while Bitcoin is in a "sea of red," Peter Schiff is back to doing what brings him the most popularity — reminding crypto investors that confidence can disappear faster than price charts can be updated. 

Gold is now trading above $4,300 per ounce, and silver is approaching $65. Meanwhile, Bitcoin is moving in the opposite direction, drifting below the $89,000 area after failing to hold recent highs.

It is no surprise that the longtime Bitcoin critic used the metals rally to pinpoint his critique, arguing that assets with physical demand and a monetary history are being accumulated, while Bitcoin remains trapped in a cycle of belief, attention and fragile liquidity.BINANCE:BTCUSD by TradingView">

Perhaps the most eye-catching line from Schiff was that Bitcoin holders risk going broke overnight if sentiment flips and buyers disappear.

Bitcoin short-term fraud, warns Schiff

At the same time, Schiff strongly rejected the idea that time protects Bitcoin investors. He argued that time only increases exposure because the cryptocurrency produces no yield, has no industrial use and has no fallback value once confidence is lost. 

According to him, gold and silver do not need stories to survive. They rely on demand that persists even when headlines fade.

Bitcoin supporters continue to dismiss Schiff as permanently bearish, pointing to long-term adoption, digital scarcity and past recoveries from deep drawdowns. They view the current weakness as just another pause in a major cycle rather than a structural problem.

Fair to say, Schiff’s argument is not about slow decay. It is about speed, and If Bitcoin stumbles again, his "overnight" warning will not sound so theoretical.

Bitcoin continues to grind lower as bullish momentum fades. After failing to break the key $95K resistance level last week, sellers are slowly regaining control. The price action remains choppy and indecisive, while on-chain signals hint at deeper stress building in the background.Technical Analysis

By ShayanThe Daily Chart

The daily chart shows BTC still trapped in the clear descending channel. The asset recently failed again at the higher boundary of the channel and the bearish order block near $95K, acting as a major supply zone. Since then, it has rolled over, printing lower candle closes.

Both the 100-day and 200-day MAs are overhead and sloping downward just above the $100K mark, reinforcing the bearish structure. The RSI also remains weak, struggling to climb back above 50. Unless buyers reclaim $95K with volume, this looks more like a dead-cat bounce inside a downtrend. On the other hand, if the current short-term support level at $88K breaks, the next key demand zone is around $80K.

The Shiba Inu engineering manager, who goes by "Johndoeshib" on X, recently revealed he would be stepping away from his role on the Shiba Inu team. This decision has sparked a response on X from Shiba Inu developer Kaal Dhairya.

In a Dec. 12 tweet, "Johndoeshib" announced that his time being part of the Shiba Inu team had reached its natural conclusion and he was stepping away, immensely proud of the utility Shiba Inu has built and the resilience of the community.

"Johndoeshib" added he was moving on to new endeavors, while remaining a long-term observer of the Shiba Inu ecosystem, confident in the team's decentralized vision.

The tweet sparked responses from the Shiba Inu community, with some expressing gratitude for his work with the Shiba Inu team, while saying that he will be missed.

In another tweet, which caught the attention of Shiba Inu developer Kaal Dhairya, "JohnDoeShib" revealed a renewed focus as he plans for the strategic iteration of his next project. His X bio has also been updated to reflect his departure from the Shiba Inu team and now reads "ex-Engineering Manager at Shib."

Shiba Inu developer Kaal Dhairya, in response to JohnDoeShib's tweet, thanked him for his work at Shib and wished him well in his future endeavors.

Shiba Inu continues building

Shiba Inu continues to quietly build as recent events test the resilience of traders and its community.

As reported, Shiba Inu lead ambassador Shytoshi Kusama broke several days of silence on social media, which he hinted at as being necessary in order to stay focused and reinvest in himself for the next phase of growth.

Kusama also changed his X location to "reemerging," sparking speculation of a potential SHIB comeback.

The crypto market remains in a weakened position, with the resilience of traders continually tested. In the last 24 hours, nearly $245 million in leveraged positions have been wiped out across the crypto market as the majority of cryptocurrencies saw losses.

Shiba Inu managed to return to green, up 0.16% in the last 24 hours to $0.000008211.