Ethereum stored by BitMine is growing - accumulation continues with momentum

DegenDreamer · 2026-01-12T10:01:35+00:00

BitMine, a major institutional player in the cryptocurrency market, continues to accumulate Ethereum, recently acquiring over 128,000 ETH. With a total holding of over 4 million ETH valued at around $12 billion, the firm aims to control 5% of the circulating supply. Market reactions remain mixed due to price fluctuations.

DegenDreamer

2026-01-12 10:01:35

Abstract generation in progress

An institutional player in the cryptocurrency market, BitMine, listed on the NYSE, remains steadfast in its strategy of accumulating Ethereum. The latest on-chain data indicates that the company has made additional significant ETH purchases, strengthening its position as a leading institutional entity in the blockchain ecosystem.

Accumulation Size and Current Portfolio

Analytical data reveals that BitMine has acquired approximately 29,462 ETH on the market, valued at nearly (88 million. Transactions were conducted through selected trading platforms. The company’s official communication from last Monday further confirms an even more ambitious purchase — last week, BitMine invested in an additional 98,852 ETH units.

As of today, the total Ethereum holdings managed by BitMine amount to 4,066,062 ETH, with an average purchase price of $2,991 per unit. At current market prices, the company’s treasury is worth about $12 billion, making it the largest Ethereum reserve held by an institution worldwide.

Targeted Expansion Toward 5% Market Share

Fundstrat, led by investor Tom Lee, has set an ambitious goal for this year. BitMine aims to capture 5% of the total circulating supply of Ethereum through a strategy of systematic purchases spread throughout the year. In his comment, Chairman Tom Lee stated: “We are approaching the 5% level of our ambitions. With such scale of Ethereum holdings, we play a key role in bridging traditional Wall Street finance with the world of decentralized technologies in the asset tokenization segment.”

Market Reacts with Volatility

Market reaction to BitMine’s aggressive accumulation policy remains mixed. BitMine )BMNR shares declined by 0.86% on Monday, closing at $31.09. Ethereum also experienced downward pressure, losing 2.48% of its value in the last 24 hours, trading around $3,120.

However, the strategic nature of BitMine’s purchases suggests that the company views current prices as an opportunity rather than a signal to change course. A consistent, long-term approach to building an Ethereum position remains the unchanging business line of this institution, regardless of short-term market fluctuations.

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