BitMine increases Ethereum reserves: $92 million purchase and strategy for 2026
BitMine Immersion Technologies continues its aggressive accumulation of Ethereum. Over the past week, the company acquired 52,203 ETH worth approximately $92 million. This significant injection brought total reserves to 5.67 million ETH, equivalent to nearly $10 billion at current market prices. Thus, BitMine now controls about 4.7% of the entire circulating supply of Ethereum.
Accumulation Strategy: Pace Slows, but Course Remains
Despite the impressive amount, the latest transaction was more modest than the previous two weekly purchases. Company Chairman Tom Lee confirmed that BitMine intends to maintain a steady pace of asset accumulation in 2026. This indicates long-term confidence in Ethereum's growth and its role in the digital asset ecosystem.
The scale of BitMine's accumulation is impressive: the company is already one of the largest institutional holders of ETH. Such a level of concentration could impact market liquidity and price dynamics, especially during periods of heightened volatility.
Expert Opinion: BitMine's actions are a clear signal to the market: institutional players see Ethereum not just as a speculative instrument, but as a fundamental asset for long-term storage. However, risks should be considered — such large positions could lead to reduced liquidity and increased market manipulation. In 2026, the key factor will be how BitMine manages these reserves: whether it continues accumulation or begins gradual realization.