While most of the market debates short-term price action, BitMine is busy rewriting scale.
Last week alone, the firm backed by Tom Lee (Fundstrat) added another 102,259 $ETH , a purchase worth roughly $321 million. That move pushes BitMine’s total Ethereum holdings to an eye-watering 3,967,210 ETH, now valued at about $12.46 billion.
At this point, this isn’t just accumulation, it’s influence.
BitMine now controls over 3.2% of Ethereum’s total supply, already two-thirds of the way toward the symbolic “Alchemy of 5%” threshold that many in crypto view as a line between participation and strategic dominance.
More Than Just ETH
Zoom out, and the balance sheet gets even more serious: 3.97M ETH, $1.0B in cash
Additional crypto “moonshot” positions, Together, BitMine’s crypto + cash war chest totals $13.3 billion.
This isn’t a hedge fund chasing momentum. It’s a capital structure being designed around digital assets as a core pillar.
What This Signals
When a TradFi-native firm builds exposure at this scale, it’s not about timing tops or bottoms. It’s about ownership, optionality, and long-duration conviction. ETH here isn’t a trade, it’s infrastructure on a balance sheet.
And fittingly, BitMine isn’t hiding this strategy in the shadows. The company will host its annual shareholder meeting at the Wynn Las Vegas on January 15, 2026, signaling confidence, permanence, and intent.
Retail watches candles. Institutions count supply. And BitMine is steadily turning Ethereum into a treasury asset with gravity.
Reference:
https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-announces-eth-holdings-reach-3-97-million-tokens-and-total-crypto-and-total-cash-holdings-of-13-3-billion-302641888.html
Disclaimer: This article is for informational purpose, don't take this as a investment advice. Always DYOR twice, before investing.
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