Bitmine buys an additional 24,266 Ethereum last week…holdings top 4.16 million

Bitmine, which is pursuing a corporate treasury strategy centered on Ethereum (ETH), increased its holdings again after making a large additional purchase last week.

According to PR Newswire on the 12th, Bitmine bought an additional 24,266 Ethereum last week. As a result, the company’s Ethereum holdings expanded to a total of 4,167,768. That is about 3.45% of total circulating Ethereum supply (about 120.7 million).

Bitmine said that as of the 11th, its total digital assets and cash, including its Ethereum holdings, plus other investment assets amount to $14 billion. Specifically, this consists of roughly 4.16 million Ethereum, 193 Bitcoin, $988 million in cash, and other strategic investment assets.

Of these, 1,256,083 Ethereum are being used for staking, with an additional 596,864 staked over the past week. Based on the current global average Ethereum staking yield, Bitmine explained that if its holdings are fully staked going forward, it could generate annual revenue of several hundred million dollars.

Tom Lee, chairman of Bitmine, said, “2026 will be a turning point when blockchain establishes itself as Wall Street’s payments infrastructure, driven by the proliferation of stablecoins and real-world asset tokenization,” adding, “In particular, conditions are becoming favorable for Ethereum.” He added, “Since last October, excessive leverage has been unwound and a kind of ‘mini crypto winter’ has passed, and from 2026 the market will enter a recovery phase.”

Meanwhile, Bitmine has set a medium- to long-term goal of securing 5% of total Ethereum supply. Its current holding ratio has reached about 70% of that target.