Bitmine’s $40 Million Ethereum Buy Marks a Major Treasury Milestone
Ethereum treasury firm Bitmine has reached a significant milestone after completing a $40 million Ether purchase that pushed its total holdings beyond 4 million ETH. The latest acquisition capped an intense week of buying activity in which the company added close to 100,000 ETH, rapidly expanding one of the largest known corporate Ethereum treasuries in the market.
The timing of the purchase has proven notable. With Ethereum climbing back toward the $3,000 level, Bitmine’s ETH holdings have moved back into profit after being underwater during the market drawdown that followed October’s broader crypto selloff. At current prices, the company’s Ethereum treasury is valued at more than $12 billion, highlighting the scale of its exposure and the conviction behind its strategy.
Bitmine has been explicit that its accumulation is driven by a long-term view of Ethereum as foundational infrastructure for decentralized finance, tokenization, and on-chain settlement. The company has also outlined an ambitious target of ultimately owning 5% of Ethereum’s total supply, a goal that would represent an unprecedented concentration of ETH under a single corporate balance sheet.
Beyond accumulation, Bitmine plans to begin actively deploying its Ethereum holdings. The firm has said it is developing a staking solution expected to launch in early 2026, allowing it to generate yield from its ETH while contributing to the security of the Ethereum network. The move would mark a shift from passive treasury management toward a more active, infrastructure-oriented role within the ecosystem.
