Ethereum treasury firm Bitmine has achieved a significant milestone as its Ether holdings have surpassed 4 million tokens this week, bolstered by a recent investment of $40 million.
According to Bitmine, their holdings now total over 4.06 million Ether (ETH), with Lookonchain highlighting that the company acquired 13,412 ETH, equivalent to $40.61 million. This latest acquisition brings the firm’s total purchases to nearly 100,000 ETH within the past week, all at an average price of $2,991 per token.
“Bitmine continues to steadily increase its ETH holdings, adding 98,852 ETH recently, and our total now exceeds the crucial threshold of 4 million ETH tokens,” stated Bitmine chairman Tom Lee. “This is a remarkable achievement accomplished in just 5.5 months.”
Source: Bitmine
With ETH prices rebounding to $3,000, Bitmine’s Ether collection has returned to profitability after experiencing losses due to the market meltdown in October. The company aims to amass 5% of the total ETH supply, demonstrating a strong commitment to both the asset and the broader Ethereum ecosystem. According to data from Strategic ETH Reserve, Bitmine currently holds approximately $12.2 billion worth of ETH, making it already 67% of the way towards its goal.
“We are making rapid progress toward the ‘alchemy of 5%’ and are already witnessing the benefits of our significant ETH assets,” said Lee.
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Bitmine’s shares (BMNR) have experienced a 606% increase over the last six months, largely due to its growing Ether investment initiated in June. Furthermore, the firm is planning to integrate staking into its Ether holdings by early 2026, enhancing value for its shareholders.
“We are continuing to develop our staking solution, known as The Made in America Validator Network (MAVAN). This will be a top-tier solution that offers secure staking infrastructure, set for deployment in early 2026,” Lee remarked.
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