BitMine Acquires 101,627 ETH, Holdings Near 5 Million

BitMine Immersion Technologies, a publicly traded firm focused on Ethereum holdings, acquired 101,627 ETH last week in its largest weekly purchase since December 2025, bringing its total treasury to nearly 5 million tokens.

The acquisition, valued at approximately 235 million at current prices, increased the company's Ethereum holdings to 4,976,485 ETH, equivalent to more than 11.5 billion. This positions BitMine as the largest corporate holder of Ethereum worldwide and the second-largest corporate crypto treasury overall, behind only Strategy's Bitcoin position. The firm now controls about 4.12 percent of Ethereum's circulating supply of 120.7 million tokens, leaving it 82 percent of the way toward its goal of reaching 5 percent.

In addition to its Ethereum assets, BitMine holds 199 Bitcoin worth around 15 million, 1.12 billion in cash, a 200 million stake in Beast Industries, and a 107 million stake in Eightco Holdings. The company's total crypto and cash holdings stand at 12.9 billion.

Chairman Tom Lee described the purchase as part of a sustained accumulation strategy over the past four weeks. "While many believe the crypto winter may last through the fall of 2026, our view...