- Ethereum’s price fell to a low of $3,034 while Bitcoin slipped below $88,000.
- ETH holding above $3,000 comes after BitMine announced the purchase of 102,259 ETH last week.
- Bulls could capitalize on corporate accumulation and push prices higher.
Ethereum (ETH) showed broad weakness as its price dipped toward the $3,000 level on Monday, coinciding with another round of corporate accumulation.
With Bitcoin dropping below $88,000 and reflecting broader market softness, the key question is whether Ethereum bulls can leverage confidence in the long-term prospects of the largest altcoin.
Large ETH purchases by BitMine Immersion Technologies support that long-term outlook.
BitMine adds another 102,259 ETH
BitMine Immersion Technologies has continued to expand its dominant position in Ethereum.
On December 15, 2025, the publicly traded company announced the acquisition of an additional 102,259 ETH over the prior week.
This purchase increases the company’s total holdings to 3,967,210 ETH, worth roughly $12.2 billion at current prices.
Notably, the latest accumulation continues a steady pattern of buys during periods of price consolidation.
On December 8, BitMine disclosed holdings exceeding 3.86 million ETH, implying a purchase of roughly 138,452 tokens in the preceding week.
In the week ending December 1, the company added 96,798 ETH, bringing its balance to about 3.73 million at that time.
MicroStrategy-style Ethereum strategy
BitMine’s approach clearly mirrors the pioneering treasury model popularized for Bitcoin by Michael Saylor and Strategy (formerly MicroStrategy).
Strategy has acquired 10,645 BTC for ~$980.3 million at ~$92,098 per bitcoin and has achieved BTC Yield of 24.9% YTD 2025. As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/VdAz7pqce1
— Michael Saylor (@saylor) December 15, 2025
Like Strategy’s Bitcoin model, BitMine has assembled the largest corporate Ethereum holdings in the world.
BitMine’s total cryptocurrency, cash, and investment holdings now equal $13.3 billion.
That figure includes $1 billion in unrestricted cash, a small Bitcoin position of 193 BTC, and a $38 million stake in Eightco Holdings.
The company operates mining facilities in low-cost power regions such as Texas and Trinidad.
BitMine has focused heavily on long-term ETH accumulation, funding purchases through capital gains and operational efficiencies.
Thomas “Tom” Lee, chairman of BitMine and Fundstrat, said:
“The year 2025 brought many positive developments for digital assets, including favorable legislation passed by the U.S. Congress and supportive regulatory clarity, alongside strengthened backing from Wall Street. These developments reinforce our belief that the best days for crypto lie ahead and explain why we continue to accumulate ETH toward our ‘alchemy 5%’ goal.”
Can ETH bulls hold $3,000?
BitMine’s strategic buys have come during times of price resilience, with solid support forming near the psychological $3,000 level.
Over the past 24 hours, ETH traded between $3,175 and $3,034.
If prices fall below $3,000, ETH is likely to retest the $2,720 lows recorded on December 1.
Analysts note, however, that ETH has shown resilience and a decent rebound above $3,100 could open the path to retesting higher resistance near $3,500. Network improvements, accommodative monetary policies, and further corporate purchases are probable bullish catalysts.
That said, just as $90,000 is a critical resistance level for Bitcoin, the $3,200–$3,300 zone remains a key resistance area for Ethereum.