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BitMine Extends ETH Buying Spree as On‑Chain Data Flags New $201 Million Purchase

The firm officially holds 4.066 million ETH and is targeting 5% of the supply.

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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Overview

  • On-chain analytics firm Lookonchain reported BitMine bought 67,886 ETH (about $201 million) in the past 24 hours via FalconX, BitGo and Kraken, a move the company has not yet confirmed.
  • Trackers also flagged earlier discrete additions of 29,462 ETH (roughly $88 million) on Dec. 23 and 13,412 ETH (about $40.6 million) on Dec. 22, based on Arkham Intelligence wallet data.
  • BitMine’s latest official disclosure (Dec. 21) shows 4,066,062 ETH—about 3.37% of circulating supply—plus $1.0 billion in cash, 193 BTC and $32 million in ‘moonshots,’ totaling $13.2 billion in assets.
  • The company reiterated progress toward its 5% ETH supply goal and says it plans to launch its Made in America Validator Network staking platform in early 2026.
  • Analysts estimate BitMine holds multi‑billion‑dollar unrealized losses on its ETH position, even as it maintains the largest known corporate Ethereum treasury and continues post‑disclosure accumulation tracked on-chain.