Overview

• BitMine purchased 46,255 ETH across three transactions routed through BitGo, a move flagged by on-chain analytics firm Lookonchain.
• The buy lifts the company’s reported reserve to just over 2.1 million ETH valued around $9.2 billion, the largest corporate Ethereum treasury disclosed publicly.
• The latest acquisition followed an earlier pickup of roughly 202,500 ETH this week that pushed BitMine past the 2 million ETH milestone.
• Chairman Tom Lee is pursuing a goal of up to 5% of ETH’s supply and intends to earn 4–5% annual rewards by staking the holdings.
• Industry trackers say public companies now hold several million ETH, and analysts note large treasury purchases reduce tradable supply.