BitMine has just made a huge move in the crypto space. Last week, the company bought 40,302 Ethereum (ETH), marking its largest ETH purchase so far in 2026.
This big buy came right after shareholders gave BitMine the green light to raise more funds. With that approval in place, the company wasted no time and went all in on Ethereum.
After this purchase, BitMine now holds over 4.24 million ETH, which is around 3.5% of Ethereumās total supplyāa massive position by any standard. At todayās prices, their Ethereum stash alone is worth billions.
Beyond ETH, BitMineās total assets now stand at $12.8 billion, including cash, Bitcoin, and investments in well-known companies like Beast Industries, founded by YouTube star MrBeast.
Whatās even more interesting is that BitMine isnāt just holding Ethereumātheyāre putting it to work. The company has staked more than 2 million ETH, allowing it to earn rewards while supporting the Ethereum network. This move has been so large that itās even increased wait times for new validators.
According to Chairman Tom Lee, BitMine expects its Ethereum holdings to bring in over $400 million per year before tax, showing just how confident the company is in Ethereumās long-term future.
š” Big money, long-term vision, and strong belief in EthereumāBitMine is clearly playing the long game.
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