Bitmine
Bitmine announced on November 12 that the next major Ethereum network upgrade is scheduled for December; the firm called the launch a coordinated step for the ecosystem. Market participants and node operators should prepare for client updates and potential temporary network changes.
Bitmine said on Nov. 12 that Ethereum’s next significant network upgrade is scheduled to launch in December. The announcement from the largest Ethereum treasury firm lends credibility and could boost activity around ETH.
Bitmine Immersion Technologies boosted its Ethereum holdings to 3.5 million ETH and added roughly $398 million in cash, bringing total crypto and cash reserves to $13.2 billion. The firm said it purchased an additional 110,000 ETH as part of a larger treasury accumulation strategy.
Bitmine Immersion Technologies says it now holds over 3.5 million ETH — roughly $12.3 billion — after buying during the recent dip and aims to expand its position through 2026. The move signals increased institutional appetite for Ethereum and could reshape miner and liquidity dynamics.
Ethereum climbed back above $3,600 after treasury-focused buyer Bitmine purchased 18,271 ETH on November 10, reinforcing on-chain demand. The move highlights renewed accumulation amid tightening supply and improving market sentiment.
Tom Lee, Chairman of Bitmine, and Dan Ives, Chairman of Eightco Holdings, were recently photographed together at the Hyatt Huntington Beach, California, marking a significant moment for the crypto and tech sectors in 2025.
Shares of Bitmine Immersion Technologies jumped nearly 15% following tech billionaire Peter Thiel's announcement of a 9.1% stake in the company. This significant investment highlights growing interest from high-profile crypto supporters.