node --max-old-space-size=60096 test.js

gistfile1.js

var fs = require('fs');

var filePath = 'coverage.json';

var importStream = fs.createReadStream(filePath, {flags: 'r', encoding: 'utf-8'});
importStream.on('data', function(chunk) {

	console.info(chunk);
    var pleaseBeAJSObject = JSON.parse(chunk);           
    // insert pleaseBeAJSObject in a database
});
importStream.on('end', function(item) {
   console.log("Woot, imported objects into the database!");
});