Ethereum

On December 23, 2025, BitMine said in a filing it acquired 98,852 ETH over the past week, bringing its holdings to 4,066,062 ETH at an average cost of $2,991 per ether. The same day, onchain watchers reported about 29,462 ETH, worth roughly $88 million, moved via BitGo and Kraken. The firm aims to accumulate up to 5% of Ethereum's circulating supply.

U.S. spot Ether ETFs snapped a seven‑day outflow run with $84.6 million in net purchases on Monday. XRP funds also drew $43.9 million, their strongest daily intake since early December, while Solana, Chainlink and Dogecoin products showed mixed momentum, with the former two seeing steady accumulation and DOGE activity fading.

According to CoinShares, ETH-linked products saw $555 million in outflows last week, even as exchange balances fell to their lowest since 2016. Binance and CryptoQuant indicators show Ethereum trailing Bitcoin in liquidity and risk appetite, while TradingView signals point to rangebound action near 3,000 dollars with resistance around 3,300 dollars.

BitMine has expanded its Ethereum treasury to 4,066,062 ETH after acquiring 98,852 ETH over the past week, pursuing what it describes as a long-term accumulation strategy. Led by Tom Lee, the company aims to build a 5% share of Ethereum's circulating supply, while its latest buying streak leaves the treasury valued at about $12 billion based on a stated average entry of $2,991 per ETH.

On December 23, 2025, analysis of Binance’s 2025 listings showed centralized exchange allocations were a small fraction of total supply. Distributions commonly ranged from 1-5%, with larger, higher-FDV projects often under 1%. Binance said these tokens funded liquidity, airdrops and marketing rather than exchange fees, amid weak market performance for many new launches.

On December 23, 2025, CoinShares reported $952,000,000 in weekly net outflows from digital asset investment products, the first in four weeks. Ethereum posted $555 million in withdrawals and Bitcoin $460 million, while Solana and XRP saw $48.5 million and $62.9 million of inflows. The United States recorded $990 million of outflows, partly offset by Canada and Germany.

BlackRock named its iShares Bitcoin Trust (IBIT) one of three primary investment themes for 2025, alongside short‑term Treasurys and US mega‑cap technology stocks. Despite a roughly 9.6% year‑to‑date decline and Bitcoin's pullback of about 30% from its October peak, IBIT has drawn more than $25 billion this year, with total net inflows since launch near $62.5 billion per Farside Investors.

Bitmine Immersion Technologies said its combined crypto, cash and "moonshot" holdings total about $13.2 billion, after adding 98,852 ETH in the past week to reach 4.07 million ETH and 193 BTC. The ETH trove equals roughly 3.37% of the 120.7 million circulating supply, and its shares averaged $1.7 billion in daily volume as of December 19.

On Monday, Ethereum treasury firm BitMine, led by Tom Lee, added about $88 million in ETH to its holdings, according to onchain data. The NYSE-listed company now reports owning 4,066,062 ETH acquired at an average price of $2,991 per token, valuing its treasury at roughly $12 billion. BitMine's strategy focuses on accumulating 5% of Ethereum's circulating supply while its BMNR stock and ETH price both declined that same day.

ETHZilla disclosed in a late Friday filing that it sold 24,291 ETH at an average price of about $3,068, raising roughly $74.5 million to redeem senior secured convertible notes, with early redemptions set for Dec. 24 and Dec. 30. After the sale, holdings fell to about 69,800 ETH, and the company retired its mNAV tracker to emphasize balance sheet strength, revenue, and tokenization cash flow.