Overview
- BitMine purchased 138,452 ETH last week, its largest weekly addition in weeks, taking holdings to roughly 3.86 million tokens.
- Reported crypto, cash and “moonshot” assets total $13.2 billion, including about $1.0 billion in cash, 193 BTC and a $36 million stake in Eightco.
- The stash accounts for just over 3.2% of circulating ETH, and the company continues to target 5% ownership.
- Shares rose after the update but remain well below 2025 highs, with the firm carrying an estimated $3 billion in unrealized losses on its ETH position.
- BitMine plans to deploy its Made in America Validator Network in early 2026 to generate staking yield as DAT premiums compress and equity financing advantages narrow.