Ethereum treasury company BitMine (BMNR) experienced an 8% decline in its stock value after acquiring an additional 82,353 ETH, bringing its total holdings to nearly 3.4 million ETH worth over $12 billion. Despite the market pullback and ETH prices dropping by over 6% to around $3,617, the firm continues its strategy to accumulate up to 5% of the total ETH supply. Backed by prominent investors including Bill Miller, Cathie Wood, and Peter Thiel, BitMine's holdings now represent approximately 2.8% of all ETH, making it the second-largest crypto treasury after MicroStrategy. Meanwhile, Tom Lee, Chairman of BitMine, remains bullish on a year-end rally, citing strong fundamentals such as record-breaking stablecoin volumes and application revenues at all-time highs. Lee predicts Bitcoin could reach $150,000 to $200,000 and Ethereum $7,000 by year-end, which would significantly boost BitMine’s assets. The company's total holdings, including Bitcoin, cash, and equity stakes, now amount to about $13.7 billion. This move occurs amid a challenging period for digital asset treasuries, many of which have seen their stock prices decline and are pivoting to share buybacks.