Bitmine’s stash crosses 4M ETH after latest $40M buy

cointelegraphОпубликовано 2025-12-23Обновлено 2025-12-23

Введение

Ethereum treasury company Bitmine has reached a significant milestone, with its Ether holdings surpassing 4 million ETH after a recent $40.61 million purchase of 13,412 tokens. Over the past week, the company acquired nearly 100,000 ETH, bringing its total to over 4.06 million tokens, all purchased at an average price of $2,991 each. With ETH's price rebounding to $3,000, Bitmine's holdings are now profitable again after being underwater since October. The firm aims to own 5% of the total ETH supply and is currently 67% toward that goal. Bitmine also plans to launch a staking solution, the Made in America Validator Network (MAVAN), in early 2026 to generate additional value for investors.

Ethereum treasury company Bitmine has hit a key milestone after its Ether stash surpassed 4 million tokens this week following the firm’s latest $40 million purchase.

Bitmine said on Monday that its holdings now sit at over 4.06 million Ether (ETH), with Lookonchain noting earlier in the day that the company bought 13,412 ETH, worth $40.61 million.

The latest buy takes Bitmine’s total haul over the past week to almost 100,000 ETH, with the company adding it has bought all of its tokens at an average purchase price of $2,991 each.

“Bitmine continues to add steadily to its ETH holdings, adding 98,852 ETH in the past week, and Bitmine holdings now exceed the crucial 4 million ETH tokens,” said Bitmine chairman Tom Lee. “This is a tremendous milestone achieved after just 5.5 months.”

Source: Bitmine

With the price of ETH climbing back to $3,000 over the weekend, Bitmine’s Ether stash has tipped back into profit, after being in the red since the October market crash.

The firm’s goal is to own 5% of the total ETH supply, with the firm highlighting a strong conviction in the asset and the Ethereum ecosystem on several occasions.

With its current holdings, worth around $12.2 billion at current prices, Bitmine is 67% of the way there, according to data from Strategic ETH Reserve.

“We are making rapid progress towards the 'alchemy of 5%' and we are already seeing the synergies borne from our substantial ETH holdings,” Lee said.

Related: Fundstrat’s circulating 2026 crypto outlook warns of pullback, contrasting Tom Lee

Shares in Bitmine (BMNR) are up a 606% over the past six months, with its its Ether play launched in June a major boon for the company.

The company has outlined plans to connect staking as part of its Ether haul in early 2026 as it looks to generate more value for investors.

"We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026," Lee said.

Magazine: 11 critical moments in Ethereum’s history that made it the No.2 blockchain

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