BitMine Adds $300 Million in Ethereum and Pushes Holdings Past 4 Million ETH
BitMine continues to scale its Ethereum strategy. Between December 15 and 21, the company acquired 98,852 ETH for roughly $300 million, reinforcing its position as one of the largest corporate holders of the asset.
A Rapid Accumulation Phase
The latest purchase was executed at an average price of $2,991 per ETH. Following the acquisition, BitMine’s total Ethereum holdings reached approximately 4.066 million ETH. That figure represents about 3.37 percent of Ethereum’s total supply, a level few entities have ever approached.The pace is notable. According to the company, it took just five months to cross the four-million-ETH threshold, a timeline that suggests deliberate front-loading rather than gradual accumulation.
Balance Sheet Expansion
BitMine’s broader asset base has grown alongside its crypto exposure. The firm reported total assets of $13.2 billion, including cryptocurrencies, equities and cash holdings. Ethereum now plays a central role in that balance sheet, not as a speculative position but as a core strategic asset.Long-Term Control Ambitions
Chairman :contentReference[oaicite:0]{index=0} described the four-million-ETH milestone as a major achievement, emphasizing how quickly the company reached it. More importantly, he outlined a longer-term objective: accumulating up to 5 percent of Ethereum’s total issuance.At that scale, BitMine would move beyond passive exposure and into structural influence over staking dynamics and network economics.
Staking Infrastructure Comes Next
To support this strategy, BitMine plans to launch its own staking system, MAVAN, in early 2026. While details remain limited, the move signals an intention to actively deploy ETH rather than simply hold it on balance sheets.If executed at scale, proprietary staking infrastructure could generate yield, strengthen network participation and further entrench BitMine’s role within Ethereum’s validator ecosystem.
Conclusion
BitMine’s latest $300 million Ethereum purchase is less about timing the market and more about positioning. By accelerating accumulation, setting explicit supply targets and preparing in-house staking infrastructure, the company is treating ETH as long-term financial infrastructure rather than a trade. Whether others follow remains to be seen, but the direction is clear.Editorial Team - CoinBotLab
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