Ethereum

BitMine (BMNR) accumulated 2.44 million Ethereum tokens during Q3 2025, expanding its treasury by 1,495% as ETH climbed to $4,900. The company added another 900,000 ETH in Q4, yet Ethereum declined 26% despite continued institutional purchases.

Ethereum processed nearly $6 trillion in stablecoin transfers during Q4 2025, with daily volumes exceeding $85 billion. The network's stablecoin supply climbed above $180 billion as median transaction fees fell to near-zero levels. Capital velocity reached record highs, driven by reduced costs and increased liquidity in decentralized finance applications.

England, Wales and Northern Ireland now recognize digital assets including Ethereum as personal property under legislation that took effect December 2. The Property (Digital Assets etc) Act 2025 establishes a third category of personal property to encompass crypto-tokens and NFTs, giving courts clear authority to apply freezing orders and asset recovery procedures directly to cryptocurrency. Separately, Ethereum futures open interest has climbed back after October's sharp contraction, though one analyst expects renewed leverage to face liquidation in coming months.

France's BPCE has begun a regional rollout of in-app cryptocurrency trading for approximately 2 million users of Banque Populaire and Caisse d'Épargne. The service supports Bitcoin, Ether, Solana, and USDC through a dedicated account managed by its digital-asset subsidiary Hexarq. The bank plans to expand access to 12 million customers by 2026.

Ethereum traded at $3,033 with neutral momentum as whale cohorts showed divergent behavior. Wallets holding 1,000–10,000 ETH continued distribution while U.S. investors quietly accumulated since December 1st, according to the Coinbase Premium Index. Exchange deposits dropped sharply from 106,100 addresses on November 30 to approximately 5,197, signaling reduced selling pressure.

BitMine purchased approximately $200 million worth of Ethereum in two transactions this week, further consolidating its position as the largest institutional holder of the asset. The firm acquired 22,676 ETH for $68.7 million on December 6, following a $130.8 million purchase of 41,946 ETH on December 5. BitMine's total Ethereum holdings now exceed 3.73 million ETH, valued above $11 billion.

French banking group BPCE has launched in-app cryptocurrency trading for Bitcoin, Ethereum, Solana, and USDC across its Banque Populaire and Caisse d'Épargne mobile platforms. The service initially covers two million customers at four regional banks, with plans to expand to 12 million users by 2026. Customers will access trading through dedicated digital asset accounts managed by BPCE's crypto subsidiary Hexarq, with a monthly fee of €2.99 and a 1.5% transaction commission.

Ethereum holdings on centralized exchanges dropped to 8.7% of total supply last Thursday, marking the lowest level since the network's mid-2015 launch, data show. The decline represents a 43% reduction since early July, driven by staking protocols, Layer-2 bridging, and institutional accumulation removing ETH from available markets. Bitcoin exchange balances currently stand at 14.7%, significantly higher than Ethereum's depleted reserves.

BitMine Immersion Technologies purchased $199 million worth of Ether in two transactions, expanding its total holdings to approximately $11.3 billion. The firm now controls 3.08% of all ETH in circulation and continues advancing toward its 5% ownership target.

BitMine purchased more than 64,000 ETH valued at approximately $200 million across two transactions on December 5-6, according to blockchain data. The acquisitions, processed through BitGo and FalconX, bring the firm's total Ethereum holdings to 3.73 million ETH—worth over $11 billion at current prices. The company now ranks as the second-largest corporate cryptocurrency holder after MicroStrategy.