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BitMine Adds $88 Million in New ETH Purchases as Hoard Tops 4 Million

The company is executing a treasury strategy targeting 5% of Ethereum’s supply to be monetized through a validator network launching in early 2026.

Bitmine’s $13.2B crypto treasury puts Ethereum at the center of a new institutional race
Bitmine’s ethereum holdings surpass 4m as it inches closer to 5% supply target
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Bitmine amasses over 4 million eth as treasury strategy accelerates

Overview

  • BitMine’s Dec. 21 disclosure lists 4,066,062 ETH—about 3.37% of supply—plus $1.0 billion in cash, 193 BTC, and a $32 million stake in Eightco, totaling $13.2 billion across crypto, cash, and “moonshots.”
  • The firm said it acquired 98,852 ETH in the prior week, a roughly $300 million buy that pushed its holdings past the 4 million mark.
  • On-chain analysts reported further discrete buys of 13,412 ETH on Dec. 22 and 29,462 ETH (about $88 million) on Dec. 23 via BitGo and Kraken, transactions not yet confirmed by the company.
  • BitMine remains the largest known corporate Ethereum treasury and is preparing its Made in America Validator Network (MAVAN) to start staking operations in early 2026.
  • Third-party data from DropsTab indicates the company carries more than $3 billion in unrealized losses on its ETH position, while Fundstrat cites roughly $1.7 billion in average daily trading volume for BMNR.