Bitmine Surpasses 4M ETH Holdings After $40M Buy
Bitmine, an Ethereum treasury company, now holds over 4.06 million Ether (ETH) after a recent $40 million purchase, bringing its total weekly accumulation to nearly 100,000 ETH. The firm has acquired its tokens at an average price of $2,991 each and currently controls about $12.2 billion in ETH, about 67% of its goal to own 5% of the total Ethereum supply. This milestone comes 5.5 months after launching its Ether acquisition strategy. With ETH prices rebounding above $3,000, Bitmine's holdings have returned to profit. The company plans to introduce a staking platform, the Made in America Validator Network (MAVAN), in early 2026 to further capitalize on its Ether assets. Bitmine's shares have surged 606% in the past six months since initiating its ETH strategy.
