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- Bitmine now holds over 4.06 million ETH worth roughly $12 billion.
- The firm added nearly 100,000 ETH in one week at an average price near $3,000.
- Bitmine plans to launch ETH staking infrastructure in early 2026.
Ethereum treasury firm Bitmine has crossed a major threshold, pushing its Ether holdings beyond 4 million tokens after a fresh round of large-scale purchases. The milestone underscores Bitmine’s growing influence in the Ethereum ecosystem and highlights a broader trend of companies adopting crypto-native treasury strategies.
The company disclosed this week that it now holds more than 4.06 million ETH, following a $40 million acquisition that added over 13,000 tokens to its balance sheet. The move caps an aggressive buying streak that saw Bitmine accumulate nearly 100,000 ETH in just seven days.
A Rapid Accumulation Strategy
Bitmine’s recent purchases were made at an average price of roughly $2,990 per Ether, according to the company. With ETH rebounding toward the $3,000 level over the weekend, the firm’s holdings have returned to profitability after spending weeks underwater following the sharp market downturn in October.
Company chairman Tom Lee described the achievement as a “tremendous milestone,” noting that Bitmine reached the 4 million ETH mark in just over five months. The pace of accumulation places the firm among the largest known corporate holders of Ether globally.
Targeting 5% of Ethereum’s Total Supply
Bitmine has been open about its ambition to control 5% of Ethereum’s circulating supply, a bold target that would cement its role as a major long-term stakeholder in the network. With its current holdings valued at about $12 billion, the company is already more than two-thirds of the way toward that goal, based on industry estimates.
The strategy reflects Bitmine’s conviction in Ethereum’s long-term utility, particularly as the network continues to dominate decentralized finance, tokenization, and onchain settlement activity.
Also Read: Crypto ETPs See $952M Outflows as U.S. Regulatory Delays Rattle Markets
Market Impact and Investor Response
Investors have rewarded the strategy so far. Shares of Bitmine have surged more than 600% over the past six months, with the company’s Ether-focused pivot, launched earlier this year, acting as a key catalyst.
As Ether increasingly attracts institutional interest, Bitmine’s growing stash positions it as a leveraged proxy for ETH exposure in traditional equity markets.
Staking Plans Add a New Revenue Layer
Looking ahead, Bitmine plans to begin staking a portion of its Ether holdings in early 2026. The initiative, branded as the Made in America Validator Network (MAVAN), aims to provide secure, domestically operated staking infrastructure.
By amassing more than 4 million ETH in record time, Bitmine is signaling that corporate crypto treasuries are evolving beyond Bitcoin. Its next challenge will be turning sheer scale into sustainable yield.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
