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 Ethereum’s total supply—a massive position by any standard. At today’s prices, their Ethereum stash alone is worth billions.
Beyond ETH, BitMine’s 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.
What’s even more interesting is that BitMine isn’t just holding Ethereum—they’re 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 it’s 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 Ethereum’s long-term future.
💡 Big money, long-term vision, and strong belief in Ethereum—BitMine is clearly playing the long game.
