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BitMine Adds $44 Million in Ethereum, Pushing Reported Holdings to 3% of Supply

The firm is pursuing a 5% treasury target alongside a 2026 validator pilot.

Overview

  • Blockchain trackers attribute a 14,618 ETH purchase routed via BitGo at roughly $3,033 per coin, though BitMine has not confirmed the specific transaction.
  • The latest buy lifts reported holdings to about 3.63 million ETH, roughly 3% of circulating supply, with a stated goal of reaching 5%.
  • BMNR shares rose about 9.79% to $31.74 following the reports, reflecting stronger equity enthusiasm than in the spot ETH market.
  • Ethereum’s price held near $3,000 with limited immediate reaction despite the continued corporate accumulation.
  • BitMine plans to begin staking through its Made in America Validator Network pilot in 2026, aligning its treasury strategy with network participation.