Ethereum (ETH) Price Surge: BitMine Bolsters Treasury with $321M as JPMorgan Launches First On-Chain Fund

Institutional heavyweights are placing billion-dollar bets on Ethereum's infrastructure—and the market is taking notice.

The Corporate On-Chain Rush

BitMine just funneled a cool $321 million into its treasury reserves, a move that screams long-term conviction more than short-term speculation. This isn't just hodling; it's strategic capital allocation on a blockchain balance sheet.

Meanwhile, JPMorgan—the very emblem of traditional finance—has launched its first-ever fund directly on the Ethereum network. Forget dipping a toe; the whale is diving in headfirst. They're not just testing the water; they're building infrastructure in it.

What This Means for ETH

This one-two punch highlights a seismic shift. Capital isn't just flowing into crypto; it's being deployed and managed on-chain. Ethereum is becoming the settlement layer for a new class of institutional assets. The network isn't just for degens anymore—it's for CFOs and asset managers.

Price action often follows utility. When titans like JPMorgan start using the chain for core fund operations, it validates the tech beyond the hype cycle. It transforms ETH from a speculative asset into a fundamental utility—the gas for the new financial engine.

Of course, watching traditional banks embrace the decentralized future they once mocked is a special kind of irony—they spent years dismissing the tech, only to now race to be the first to monetize it. The revolution might not be televised, but it will be audited on a blockchain and packaged into a fee-generating product.

The signal is clear: the smart money is building for the next decade, not trading the next dip. The fuse is lit.

TLDR

• BitMine Immersion Technologies added 102,259 ETH worth $321.1 million to its corporate treasury last week, bringing total holdings to 3.97 million tokens valued at $12.5 billion.
• The company now holds over 3.2% of all circulating ether and remains the world’s largest corporate Ethereum treasury holder.
• BitMine plans to launch its MAVAN staking network in early 2026 to support its accumulation strategy.
• JPMorgan launched its first tokenized money-market fund called MONY on the Ethereum network for qualified investors.
• Ethereum price dropped to around $3,120 while technical analysis suggests potential decline to $2,620 based on a bearish flag pattern formation.

BitMine Immersion Technologies purchased 102,259 ETH last week worth approximately $321.1 million. The NYSE American-listed company disclosed Monday that its total holdings now stand at 3,967,210 ETH.

Tom Lee(@fundstrat)'s #Bitmine bought another 102,259 $ETH($321.1M) last week and currently holds 3,967,210 $ETH($12.46B).https://t.co/wuu9lYR5Gv pic.twitter.com/mRtL3EtsJl

— Lookonchain (@lookonchain) December 15, 2025

BitMine bought these tokens at an average price of $3,074 per ether. The current value of the digital asset treasury sits NEAR $12.5 billion based on current market prices.

The company’s position represents over 3.2% of all circulating ether. BitMine also holds 193 bitcoin, $1 billion in cash, and a $38 million stake in Eightco Holdings.

The combined value of these crypto, cash, and investment holdings totals about $13.3 billion as of Monday. BitMine remains the world’s largest corporate ethereum treasury holder.

This purchase follows two weeks of increased buying activity. The company had slowed its accumulation in November due to market volatility after an October price shock.

BitMine’s Strategic Position

BitMine trades under the ticker BMNR on NYSE American. The stock dropped 6% following Monday’s disclosure announcement.

The company is working toward accumulating 5% of Ethereum’s total supply. BitMine Chairman Tom Lee cited regulatory shifts in Washington and stronger institutional engagement as reasons for continued buying.

Lee stated that crypto prices have stabilized in the past week. He views this as evidence that market recovery is underway.

BitMine ranks as the second-largest corporate crypto treasury overall. Strategy, formerly known as MicroStrategy, holds the top position with roughly 660,624 BTC valued at $59 billion.

Ethereum Network Growth

BitMine plans to deploy its Made in America Validator Network in early 2026. The MAVAN staking solution is designed to work alongside the company’s ETH accumulation strategy.

JPMorgan announced Friday the launch of its first onchain fund on Ethereum. The My OnChain Net Yield Fund will be available to qualified investors.

JPMorgan is set to roll out its first tokenized money market fund on Ethereum.

Another major signal that traditional finance is moving deeper into on-chain infrastructure.

Big year ahead for $ETH. pic.twitter.com/yJnjdozUb2

— Lucky (@LLuciano_BTC) December 15, 2025

JPMorgan joins BlackRock, Apollo Management, and Janus Henderson in launching tokenized funds. Ethereum has become the dominant chain for tokenization with over $12.6 billion in assets.

The total tokenized asset industry holds $18 billion across all networks. JPMorgan CEO Jamie Dimon has previously criticized cryptocurrency despite the bank’s entry into tokenization.

JPMorgan is the largest bank in the United States with over $4 trillion in assets. Other major financial institutions may follow similar paths into tokenization platforms.

Ethereum price currently trades near $3,120. The token has dropped approximately 40% from its year-to-date high of $4,968.

Technical analysis shows a bearish flag pattern formation on daily charts. This pattern suggests potential downside movement to $2,620, representing a 12% decline from current levels.